Commercial Vehicle

GST reset brings balance back to India's commercial vehicle market: Antique

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

Ashok Leyland rallies 16% in 1 month; market cap nears ₹1 trillion

Brokerages remain positive on the long-term prospects of Ashok Leyland, factoring in a gradual recovery in the MHCV industry momentum and segmental diversification.

Auto rally doesn't downshift as Q3 outlook stays steady on firm demand

Strong order books keep automakers driving past slowdown fears

Tata Motors up 2%, trades higher for fourth straight day on heavy volumes

Looking ahead to FY26, Tata Motors anticipates sustained growth in the domestic market due to its strong fundamentals, despite global headwinds

Diversified portfolio, higher margins to drive gains for Ashok Leyland

A smarter load mix and tightened cost base give it a cleaner, more controlled run than its biggest rival

Nuvama turns cautious on Tata Motors CV biz despite inline Q2 profitability

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.

Tata Motors' CV arm lists on BSE, seeks clean mobility, tech-led growth

Tata Motors' commercial vehicle arm debuted on the BSE, marking a milestone in the automaker's demerger

M&M, Ashok Leyland hit record highs; zoom up to 58% from April lows

The management of Ashok Leyland expects demand to improve post-monsoon, led by strong traction in heavy-duty trucks for mining, construction, and logistics.

Festival cheer, tax cuts fuelled strong commercial vehicle recovery in Oct

India's commercial vehicle market logged its best post-pandemic retail growth in over two years as GST cuts, freight recovery, and festive buying lifted demand across segments

DTC to expand its EV charging infrastructure for heavy commercial vehicles

The Delhi Transport Corporation (DTC) is preparing to expand its electric vehicle (EV) charging infrastructure by establishing charging facilities for heavy commercial vehicles at nine depots across the city, officials said on Saturday. This initiative aligns with the Delhi government's plan to fully convert the public transport fleet to electric vehicles within the next year and a half. The DTC has begun setting up the charging infrastructure at the following depots: Rohini Sector 37, Keshopur, Nangloi, Kalkaji, Sukhdev Vihar, Nand Nagri, Ghazipur, and Hasanpur, according to a transport department officer. The estimated cost for the charging infrastructure at these depots is over Rs 31 crores. It will include 1600 KVA compact substations and 240 KW chargers, which will be capable of charging hundreds of buses and other heavy commercial vehicles, he said. "Tenders have been floated, inviting contractors approved by government agencies for the work. The civil and electrical works wi

Commercial vehicles below BS-IV to be barred from entering Delhi from Sat

Starting Saturday, commercial goods vehicles that do not meet BS-IV standards will be prohibited from entering Delhi. To enforce this regulation, multiple teams from the Transport Department and Traffic Police will be deployed, officials said. The transport department, in collaboration with the traffic police, has formed 23 teams for enforcement purposes. "We have chalked out a plan to monitor these vehicles. There are 23 points from where 90 per cent of the vehicles enter Delhi. There are 23 teams that have been formed. These include traffic police personnel and the transport department's enforcement officers. They will be deployed at designated locations and will turn back vehicles not meeting norms," said a senior official. The 23 locations include Kundli border, Rajokri border, Tikri border, Aya Nagar border, Kalindi Kunj border, Auchandi, Mandoli, Kapashera, Bajghera Toll/ Dwarka Expressway, etc. These teams will be monitored by an inspector-level officer. According to the ...

Explainer: Tata Motors demerger and what it means for shareholders

Tata Motors Demerger: The aim the company stated was to let each business pursue its own strategy, capital allocation and valuation.

Tata Motors, THINK Gas enter partnership for truck LNG refueling ecosystem

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

GST cut on commercial vehicles to reduce fleet acquisition costs: Crisil

Crisil Ratings said post the rationalisation of GST on commercial vehicles, acquisition of new fleet by the operators would decline substantially. It said in a statement on Monday that GST on commercial vehicles has been reduced to 18 per cent from 28 per cent. "This will bring down the acquisition cost of fleet operators," it said. Domestic commercial fleet operators are expected to clock a revenue growth of eight per cent to ten per cent this financial year, according to the statement. Strong domestic demand and import-related fleet requirements will drive growth. Higher revenues and stable margins will result in improved cash flows, which will partially fund the incremental working capital requirement, the statement said. Dependence on external short-term debt will be limited, and operators will undertake additions to their fleets funded by long-term loans. Increased fleet utilisation will ensure operating margins to remain stable between eight per cent to 8.5 per cent, accordi

Demerger impact: Tata Motors passenger vehicle unit valued at ₹1.45 trn

Post-demerger, global financial services group Nomura set a target price of ₹365 for the CV business and ₹367 for the PV entity

CV segment biggest beneficiary of GST cut in auto sector: Ashok Leyland

The commercial vehicles segment will be the biggest beneficiary of the GST rate reduction in the auto sector as it will unleash replacement demand, which is long overdue, Ashok Leyland MD & CEO Shenu Agarwal said on Thursday. With the GST rate cut touching every consumer and business in the country, it will result in a boost in consumption thereby increasing freight traffic and ultimately demand for commercial vehicles (CVs), he said here on the sidelines of the annual convention of Society of Indian Automobile Manufacturers (SIAM). "CV will be actually the biggest beneficiary among the automotive sector," Agarwal said when asked about the impact of recent GST rate reduction on the auto sector. He said while rate rationalisation will lead to price cuts and customers who have withheld purchases will come back to the market, one big aspect is of the replacement of ageing fleets. "We have been discussing this issue of aging of fleets in the country.. the average age of the fleet is ..

VECV, Jio-bp Pulse ink pact to boost EV charging infra for trucks, buses

VE Commercial Vehicles (VECV), a joint venture of Volvo Group and Eicher Motors, has signed an initial pact with Jio-bp pulse to expand and streamline charging access for its electric commercial vehicle customers. Through this collaboration, all Eicher Trucks and buses' EV customers will gain seamless access to Jio-bp's network of over 6,000 charging points, India's largest DC fast-charging footprint, across urban centres, highways, and purpose-built EV hubs capable of accommodating all types of commercial vehicles, a statement said. According to the statement, VECV signed a memorandum of understanding (MoU) with Jio-bp pulse to expand and streamline charging access for VECV's electric commercial vehicle customers. Jio-bp, a fuel retail joint venture of Reliance Industries and bp, which operates under the brand name of Jio-bp pulse in the electric mobility space, has established one of the largest and fastest-growing EV charging networks in India. Under the MoU, both companies will

Commercial vehicle volumes likely to grow 3-5% in FY26: Icra report

Commercial vehicle dispatches from companies to dealers are expected to witness a volume growth of 3-5 per cent year-on-year in the current fiscal, rating agency Icra said on Wednesday. Domestic commercial vehicle wholesale volumes reported a moderate 6.1 per cent year-on-year increase in July 2025, even as volumes declined sequentially by 2.7 per cent. "ICRA expects the domestic CV industry to post a modest year-on-year growth of 3-5 per cent in wholesale volumes in FY2026, following a marginal 1.2 per cent decline recorded in FY2025," the rating agency said in a report. Within this, medium and heavy commercial vehicle (M&HCV) trucks and light commercial vehicle (LCV) trucks are expected to see modest growth in the range of 0-3 per cent and 3-5 per cent, respectively, during the year, it added. The buses segment, on the other hand, is likely to witness a comparatively higher growth of 8-10 per cent in FY2026, Icra stated. While an uptick in construction and mining activities and

Tata Motors may struggle on growth, synergy fronts with Iveco buy

The company is raising 3.8 billion euros to fund the acquisition with about a third of the same being funded by equity and the company will raise debt for the rest

Daewoo deal helped us understand how to compete: Tata Motors exec

TaMo plans to tap into premium customer segments and cohorts of Iveco which complements its current positioning