Page 8 - Commercial Vehicle

Ashok Leyland announces relief measures for pandemic-hit stakeholders

Commercial vehicles major Ashok Leyland on Tuesday announced various measures such as extending emergency support to vehicles transporting COVID essentials

Piaggio Vehicles adds 100 dealerships pan-India in commercial, PV biz

Piaggio Vehicles on Tuesday said it has added 100 dealerships in both its commercial and passenger vehicle businesses across India in 100 days despite challenging times.

Tata Motors reviewing CCI order on probe against commercial vehicle biz

Tata Motors said it is reviewing the order by the CCI to initiate an investigation against its commercial vehicles business in India for alleged abuse of its dominant position

Multiple tailwinds likely to lift Bharat Forge further in FY22: Analysts

Most of its segments are expected to be in positive territory for the first time in several year

Tata Motors sees CV industry growth at over 30% next fiscal

Homegrown auto major Tata Motors expects the commercial vehicles industry to grow over 30 per cent in the next fiscal on the back of cyclical demand uptick and overall recovery of economic activity, according to a top company official. The company, which on Thursday launched its latest range of intermediate and light commercial trucks (I&LCV) - the Ultra Sleek T-Series with price starting from Rs 13.99 lakh (ex-showroom Delhi), is also seeking to cash in on the return of demand and enhance its market share in the segment. "One can now say that the economic recovery is well and truly in place and we see the last quarter GDP growth has been positive. The same thing is expected this year. Next year also both the government and RBI have given projections that the GDP should grow in double digits," Tata Motors President Commercial Vehicle Business Unit, Girish Wagh told reporters in a virtual conference. He further said, the commercial vehicles (CV) industry is very closely linked to ..

CV makers post strong sales in Feb on as mfg and infra activities pick up

MHCV segment has been improving on strong tipper & ICV pick-up; buses continues to be in red

Commercial vehicle recovery may gather speed in FY22, say analysts

Besides Ashok Leyland, a slew of auto component makers will likely gain from volume growth

Bridgestone India launches new drive axle tyre for commercial vehicles

Tyre maker Bridgestone India on Friday launched a new tyre, V-Steel Mix M721, for commercial vehicles to establish a strong presence in the drive axle tyre category

Mahindra & Mahindra hikes prices of personal, commercial vehicles by 1.9%

Mahindra & Mahindra (M&M) on Friday announced hike in prices of its range of personal and commercial vehicles by around 1.9 per cent with immediate effect. Mahindra & Mahindra (M&M), part of the USD 19.4 billion Mahindra Group, will raise the prices of range of personal and commercial vehicles by Rs 4,500 - Rs 40,000, depending on the model and variant, the Mumbai-based automaker said in a regulatory filing. M&M said in the case of new Thar, the current price increase will be effective for all bookings done between December 1, 2020 and January 7, 2021. All fresh bookings for the new Thar, effective January 8, 2021, will have prices as applicable on the date of delivery, the company added. Veejay Nakra, CEO Automotive Division, M&M said the price increase was necessitated due to unprecedented increase in commodity prices and various other input costs over the past many months. "We have made all efforts to reduce our costs and deferred price increase for a ...

Commercial vehicle sales may take longer to recover than expected: Ind-Ra

Commercial vehicle sales in India could take longer to recover than expected despite improving macro-economic indicators, according to India Ratings and Research (Ind-Ra)

Maruti Suzuki's Super Carry records cumulative sales of over 70k units

Automobile major Maruti Suzuki's commercial vehicle Super Carry has reached a cumulative sales of more than 70,000 units in the last four years.

Tata Motors to increase commercial vehicle prices from January 2021

Tata Motors on Monday said its commercial vehicle prices will be revised upward from January next year.

PV retail sales rise 4.17% in November, two-wheeler sales decline 21.4%

New launches, specially compact SUV's, continued to show good demand in the PV segment

EV battery maker Romeo Systems to go public through $1.33 bn merger deal

Romeo will use the proceeds for capacity expansion and research & development to further develop battery system technologies for commercial vehicles

Auto companies see sales revival in Aug over increase in passenger vehicles

The top two carmakers in India, Maruti Suzuki and Hyundai, led the recovery in the auto market in August with 20.2 per cent and 19.9 per cent increase in their respective domestic wholesales of passenger vehicles during the month. Mahindra & Mahindra (M&M) also saw its domestic passenger vehicle sales grow by 1 per cent last month, while Toyota Kirloskar Motor witnessed a decline in its passenger vehicle sales, although there was improvement over the preceding months since the gradual reopening of the economy. The country's largest carmaker Maruti Suzuki India (MSI) said its domestic sales increased by 20.2 per cent to 1,16,704 units last month, as against 97,061 units in August 2019. The company's total sales grew by 17.1 per cent, an increase at 1,24,624 units in August as compared to 1,06,413 units in August last year. MSI's sales of mini cars comprising Alto and S-Presso stood at 19,709 units as compared to 10,123 units in the same month last year, up 94.7 per cent. Sales .

Mahindra ties up with Israel's REE Automotive to develop commercial EVs

The tie-up will leverage REE's electric vehicle corner module and platform technology of integrating powertrain, suspension and steering components in the arch of a vehicle wheel

PM's reforms-cum-stimulus will help CV industry: Ashok Leyland's Sondhi

The company commenced operations across its facilities

Commercial vehicle makers report zero sales in April amid Covid-19 lockdown

Ashok Leyland has reported zero sales of M&HCV in the month of April as against 8,918 units, in the same month a year ago

Ashok Leyland reports zero sales in April as lockdown adds to woes

M&HCV truck sales in April 2019 was 7,517, bus sales was 1,401, while LCV sales stood at 4,224 units

Post coronavirus lockdown, likely surge in demand may be led by SCVs & LCVs

The development comes amid the current crisis, which has been described as the worst in a century