Page 2 - Commercial Vehicle

Ashok Leyland ties up with Nidec to develop e-drive motors for vehicles

Commercial vehicle maker Ashok Leyland on Thursday said it has entered into a partnership with Japanese firm Nidec for developing e-drive motors for commercial vehicles. Under the multi-pronged collaboration, the two partners will work to establish a Centre of Excellence (CoE) for Electric Drive Units (EDUs), which will focus on developing motor technologies and power electronics systems for EVs, along with innovations in gear-shifting mechanisms, Ashok Leyland said in a statement. "This collaboration allows us to co-develop, innovative e-drive motors specifically designed for the unique demands of India's commercial vehicle market, while significantly advancing our electric mobility capabilities," said Shenu Agarwal, Managing Director and CEO at Ashok Leyland. The collaboration will also involve joint research and development efforts, with both companies contributing to skilling, lab infrastructure, and defining novel, differentiated motor technologies for the EV portfolio of Ashok

Price of ATF down 6% to Rs 87,597, commercial LPG up Rs 48.5 per cylinder

No change in pump prices announced by oil marketing companies

Euler Motors forays into LCV segment; drives in two electric models

Electric vehicle maker Euler Motors on Wednesday forayed into the light commercial vehicle segment with the introduction of two electric four-wheelers developed to cater to multiple customer requirements. The company, which currently sells electric three-wheelers, has introduced two Storm EV trims specifically developed to cater to inter and intra city requirements. In an interaction with PTI, Euler Motors Founder and CEO Saurav Kumar noted that electric volumes currently account for less than one per cent of the overall small commercial vehicles (SCV) sales in the country. He noted that the company would like to grow the overall electric SCV segment and then push for market share similar to the one it has in the electric three-wheeler vertical. "In three-wheelers, we have been able to take 20 per cent market share in the cities where we operate. We would like to take a similar kind of percentage even in the small commercial vehicle vertical," Kumar stated. Euler will first introd

Mahindra expands LCV range with product based on multi-energy platform

Mahindra & Mahindra on Monday expanded its light commercial vehicle (LCV) range with a new product range based on an all new platform developed at an initial investment of Rs 900 crore. The company has introduced "Veero" light commercial vehicle in the less than 3.5 tonne range with both diesel and CNG trims, with price starting at Rs 7.99 lakh (ex-showroom). An electric version of the LCV would be introduced at a later stage. In an interaction with PTI, Mahindra & Mahindra (M&M) President Automotive Division Veejay Nakra said the model will help the company further strengthen its leadership in the LCV (less than 3.5 tonne) segment. The product, with multiple fuel options and payloads, will be useful for various applications, he added. "We have a market share of around 51 per cent in the less than 3.5 tonne LCV segment... now this range comes in 2-3.5 tonne segment where we have a market share of 63 per cent. So it will help us further strengthen market share beyond 63 per

August PV sales down 4.5% due to rains, 'alarming' leftover inventory

Dealers must stop taking in additional stock to protect their 'financial health', says FADA

Freight rates rise as India-Bangladesh trade gathers pace: Shriram Mobility

The festive season's approach, coupled with increased post-election activities, has significantly driven demand across various transportation routes

PV retails dip 5% in August; Fada raises alarm over rising inventory level

Passenger vehicle retail sales in India witnessed a 5 per cent on-year decline in August on account of delayed customer purchases, poor consumer sentiment and persistent heavy rains, industry body FADA said on Thursday. The overall passenger vehicle (PV) registrations last month stood at 3,09,053 units, as compared to 3,23,720 units in August 2023. "Even with the arrival of the festive season, the market remains under significant strain... Inventory levels have reached alarming levels, with stock days now stretching to 70-75 days and inventory totalling 7.8 lakh vehicles, valued at an alarming Rs 77,800 crore," Federation of Automobile Dealers Associations (FADA) President Manish Raj Singhania said in a statement. Rather than responding to the situation, PV Original Equipment Manufacturers (OEMs) continue to increase dispatches to dealers on a month-on-month basis, further exacerbating the issue, he added. "FADA urgently calls upon all banks and NBFCs to intervene and immediately .

Commercial vehicle wholesale volume likely to grow up to 3% in FY25: ICRA

The commercial vehicles (CV) wholesale volume may witness year-on-year growth of up to 3 per cent in current fiscal year, rating agency Icra said in a report on Monday. Icra had earlier estimated 4-7 per cent decline in CV volume for FY25. The change in projection is due to better-than-expected volume growth in first four months of the current fiscal and expectations of a marginal uptick in demand in the second half of the year, Icra said in a statement. FY25 will be the second consecutive year of muted growth for the CV segment after a 1 per cent and 3 per cent year-on-year growth in wholesale and retail sales, respectively last fiscal, it added. The medium and heavy commercial vehicles (trucks) volume in FY25 is expected to grow 0-3 per cent YoY, given the high base effect and the impact of general elections on infrastructure activities in the first few months of the fiscal, Icra said. Domestic light commercial vehicles (trucks) wholesale volume is expected to show muted growth

Ashok Leyland unveils GARUD 15M bus chassis, commercial launch in Q4FY25

Leading commercial vehicle manufacturer Ashok Leyland on Thursday announced unveiling its pioneering GARUD 15M bus chassis at Prawaas 4.0 in Bengaluru. The Hinduja Group flagship company unveiled the chassis at the event organised by Bus & Car Operators Confederation of India (BOCI). "The GARUD 15M is India's first front engine multi-axle bus chassis, setting a new standard in the industry. Designed specifically for long distance intercity travel, this innovative platform offers the largest saloon space available in Indian buses. With a best-in-class capacity of 42 sleeper berths, the GARUD 15M maximizes per-trip revenue for bus operators," a company release said. It has a cutting-edge design for comfortable long-distance travel. Shenu Agarwal, MD & CEO, Ashok Leyland said, "GARUD 15M represents a significant leap forward in bus chassis technology, combining advanced engineering with unparalleled comfort and efficiency." Sanjeev Kumar, President-MHCV at Ashok Leyland said, ...

IRF urges govt to form strict rules to reduce pollution from HCVs

BEE is in discussion with country's carmakers to implement third version of corporate average fuel efficiency norms

Ford to shift EV strategy by building new lower-cost pickup, commercial van

Facing competition from automakers with lower costs, Ford Motor Co is shifting its electric vehicle strategy and now will focus on making two new electric pickup trucks and a new commercial van. The company says all will cost less, have longer range and be profitable within a year of reaching showrooms. Ford, which is losing millions on its current EVs, gave few details about the new products. But it said production of its next generation full-size electric pickup truck in Tennessee will be delayed 18 months, until 2027. The company also says it won't build fully electric three-row SUVs due to high battery costs, but instead will focus on making those vehicles as gas-electric hybrids. The other new pickup will be mid-sized, based on new underpinnings developed by a small team in California. It also will go on sale in 2027. Production of the unspecified van will start at an assembly plant west of Cleveland in 2026. The changes will force Ford to write down USD 400 million of its ...

TaMo ties up with two firms to expand charging infra for electric CVs

Tata Motors on Wednesday said it has tied up with Delta Electronics India and Thunderplus Solutions to set up charging infrastructure for its range of electric commercial vehicles (CVs). As part of the MoU inked between the parties, 250 new fast-charging stations for electric commercial vehicles would be set up across the country. Strategically located in and around over 50 cities, including Delhi, Mumbai, Chennai, Bengaluru, Pune, and Kochi, among others, these new charging stations will significantly increase the existing network of 540 commercial vehicle charging points, Tata Motors said in a statement. Basis its understanding of the commercial EV movement, the commercial vehicle major will recommend optimal locations and nearest dealerships for setting up the fast-charging stations, the company said. While Delta Electronics will supply the necessary hardware, Thunderplus Solutions will install and operate them, it added. E-commerce companies, parcel and courier service provide

Tata Motors looks to ace last-mile delivery with a sub-600 kg SCV

The upcoming sub-600 kg four-wheeler small commercial vehicle (SCV) is also likely to take on three-wheeler dominance

Tata Motors Group reports 2% increase in Q1 FY25 global wholesales

CV sales up, passenger vehicles dip slightly; JLR growth strong

TaMo announces third price hike for CVs in 2024 amid rising commodity costs

This hike will be applicable across the entire range of commercial vehicles, with variations depending on individual models and variants

Demerger to help commercial vehicle biz capitalise globally: Tata Motors

The proposed demerger of existing automotive business into two listed entities will help the commercial vehicle vertical become more agile and capitalise on the opportunities available globally, according to Tata Motors Executive Director Girish Wagh. In march this year, Tata Motors announced the demerger of its commercial and passenger vehicle segments into two separate listed entities to better capitalise on growth opportunities. As part of the initiative, the commercial vehicle (CV) business and its related investments would be housed in one entity, while the passenger vehicle (PV) business, including electric vehicles (EVs), Jaguar Land Rover (JLR) and its related investments, will come under a separate listed entity. "The proposed demerger will help us improve focus and make us more agile to capitalise on opportunities in the CV market globally," Wagh, who heads the company's commercial vehicle business, said in a message to shareholders in the auto major's Annual Report for ..

Ashok Leyland to unveil 5-6 new products under LCV segment: MD Agarwal

Hinduja Group flagship company Ashok Leyland has lined up 5-6 product launches this year in the light commercial vehicle segment, a top official said here on Friday. The city-based medium and heavy commercial vehicle maker has earmarked Rs 500 to Rs 700 crore as Capital Expenditure for this financial year, Managing Director and CEO Shenu Agarwal said. Ashok Leyland earlier in the day reported a 16.73 per cent increase in consolidated net profit at Rs 933.69 crore in the January-March 2024 quarter as compared to Rs 799.87 crore registered in the same period of last financial year. "FY'24 has been a record year for Ashok Leyland. We have achieved an all-time high,whether it is in revenues, growth, EBITDA margins or profits, we have achieved an all-time high number in FY24," company Chairman Dheeraj Hinduja told reporters. "What makes this achievement significant is that it (highest ever performance) is coming in a year when we are celebrating our 75th year anniversary. We continue to

Stuck in neutral? Tata Motors' upsides may sputter on demand worries

Automaker optimistic despite current roadblocks, banking on economic growth and government support to accelerate progress

Truck rentals tepid, commercial vehicle sales skid in April, says report

'Seasonal fruits, including mangoes, kept some hubs busy. While there was a decline in truck rental, the fleet occupancy remained around 70 per cent'

Tata Motors partners with South Indian Bank for commercial vehicle finance

Tata Motors on Monday said it has tied up with South Indian Bank to offer financing solutions to its commercial vehicle customers and dealerships. As part of the Memorandum of Understanding (MoU), South Indian Bank will offer financing solutions across the auto major's entire commercial vehicle portfolio, Tata Motors said in a statement. "For our customers, easy access to financing solutions for their commercial vehicles is one of the key priorities for their operations. Our alliance aims to empower fleet owners and dealerships to achieve their business goals," Rajesh Kaul, Tata Motors Commercial Vehicles Vice President & Business Head Trucks, said. Tata Motors sells an extensive range of sub 1-tonne to 55-tonne cargo vehicles and 10-seater to 51-seater mass mobility solutions, ranging in small commercial vehicles and pickups, trucks and buses. "Our collaboration with Tata Motors enables us to deliver seamless vehicle financing solutions to commercial vehicle dealers and ...