Commercial Vehicles

Following Covid-related disruptions, large fleet operators overwhelmingly opted for the 12 per cent FCM route, claiming ITC benefits on truck purchases.

Tata Motors said that the growth momentum expected to continue through H2 across segments, while, the GST cut boosted consumption and utilisation, supporting MHCV cargo volume growth

At 2:24 PM, with ₹1.01 trillion market cap, Ashok Leyland was quoting 3 per cent higher at ₹171.15 on the BSE, the exchange data showed

Tata Motors will likely maintain its dominant share in the vehicle market segment, with support from India's economic growth, favourable infrastructure and construction spending, believe analysts.

In the past six months, the stock price of Ashok Leyland rallied 42 per cent, as against 3.7 per cent rise in the BSE Sensex and 17 per cent surge in the BSE Auto index.

Mutual funds redirect record inflows to fuel IPO boom, hitting 25-year high in new listings while selling bank and pharma stocks

NBFCs' vehicle-loan AUM is seen growing 16-17 per cent annually through FY26-FY27 to Rs 11 trillion by March 31, 2027, with used-vehicle loans expected to outpace new loans, Crisil Ratings said

Ambit expects TMCV's revenue and Ebitda to grow at a CAGR of 6 per cent and 7 per cent over FY25-28, respectively, on the back of high-margin and non-core revenues

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