Commercial Vehicles

With GST rationalisation & pick up in government capex, CV volumes are likely to improve going forward (expectations of positive YoY growth in FY26), according to ICICI Securities.

In a relief to vehicle owners in the state, the Uttarakhand government has postponed levying the hiked fitness test fee for 15-year-old commercial vehicles until November 21, 2026. A notification to this effect was issued by the state's Transport Secretary Brijesh Kumar Sant on Friday. Chief Minister Pushkar Singh Dhami stated that the central government recently increased the fitness fees for 15-year-old commercial vehicles by up to 10 times, but considering public sentiment in the state, the state government has decided not to impose this immediate burden on vehicle owners in Uttarakhand. "Our government's commitment is to provide relief to the public and take prompt decisions in the public interest. The recent increase in fitness fees for commercial vehicles by the Central Government has been postponed for one year in Uttarakhand," the CM said. "During this period, the previously determined fees will remain in effect. We do not want vehicle owners and those involved in the ...

In Q2, Tata Motors' standalone revenue rose 9% Y-o-Y to ₹16,860 crore, coming in 3% below Nuvama's forecast due to an unfavourable mix that weighed on average selling prices.

The margin on earnings before interest, tax, depreciation, and amortisation (Ebitda) stood at 11.4 per cent, up 140 basis points

Tata Motors demerger, TMCV share listing LIVE Updates: Following the approvals from exchanges, Tata Motors had informed in an exchange filing this week that its CV business will list on Wednesday

On the BSE, the Tata Motors (TMCV) debuted at 330.25, a premium of 26 per cent from its earlier valuation of ₹261.9

Tata Motors Q2 preview: Key factors to watch will be JLR and India CV demand and margin outlook, analysts at Nuvama said.

Tata Motors demerger, aimed at unlocking value and sharpening operational focus, comes at a time when competition from peers like M&M, Ashok Leyland, and Force Motors is intensifying

Tata Motors on Thursday said it has partnered with city gas distribution player THINK Gas to strengthen the LNG refueling ecosystem for long-haul and heavy-duty trucking in India. The two partners have signed a Memorandum of Understanding (MoU) for this purpose, Tata Motors said in a statement. The partnership aims to enhance infrastructure readiness, build greater awareness of fuel quality, and enable wider adoption of LNG-powered commercial vehicles, accelerating the transition towards cleaner, more decarbonised freight operations, it added. Tata Motors Vice President & Business Head - Trucks, Rajesh Kaul, said as India advances towards sustainable and efficient freight movement, LNG presents a compelling solution for long-haul and heavy-duty trucking. "Through this partnership with THINK Gas, our goal is to strengthen ecosystem readiness, ensuring reliable access to refuelling infrastructure and enabling fleet operators to adopt LNG with confidence," he added. THINK Gas Senior

India's commercial vehicle market grew 2% in H1 FY26 as light and medium trucks saw gains, while heavy vehicle demand softened amid higher fleet productivity

Shailesh Chandra, who currently heads Tata Motors' passenger and electric vehicle businesses, will take charge as the company's new managing director and CEO from October 2025

Tata Motors announced major leadership changes as it prepares to demerge its commercial vehicle business into TML Commercial Vehicles Ltd, effective October 1, 2025

Founder & CEO Saurav Kumar says the firm will expand to 100 cities, launch affordable EVs, and ramp up production as it eyes doubling revenue to Rs 400 crore in FY26

Among companies, Maruti Suzuki is expected to gain market share with new SUV launches and a revival in first-time buyers, prompting the brokerage to raise its target from ₹14,262 to ₹18,360.

Nomura expects the GST cut to spark a volume surge of 5-10 per cent across categories, with passenger vehicles (PVs) and two-wheelers leading the growth.

Maruti Suzuki's volumes dipped marginally by 0.6 per cent Y-o-Y to 181,000 units, with export growth of 40.5 per cent Y-o-Y offset by a 7.5 per cent drop in domestic sales.

The scheme mandates that a buyer scrap an old vehicle to get a certificate of deposit (CD), which must then be used to claim the incentive on a new electric truck of the same or lower weight

Analysts cite rural demand and the ongoing marriage season as key drivers supporting two-wheeler and tractor volumes, while subdued consumer sentiment and conversion delays are likely to weigh on PV &

Tata Motors plans to reintroduce its Ace diesel mini-truck without SCR tech to reduce total cost of ownership, while expanding rural presence with Intra range

The hike, likely to take effect by October 2025 or April 2026, aims to ease pressure on insurers facing rising claims, especially from commercial vehicles and pandemic-era payouts