LCV & HCV
Tractor industry volumes likely to grow 4-7% in FY26: ICRA
India's tractor industry anticipates growth. Icra forecasts a 4-7 percent volume increase for fiscal year 2026. This growth is supported by a promising monsoon season. Pre-buying before new emission norms in April 2026 may boost sales. July 2025 saw strong tractor demand. Wholesale and retail volumes rose. The India Meteorological Department predicts above-normal rainfall.
Tata Motors launches Winger Plus at Rs 20.60 lakh
Tata Motors launched 9-seater Tata Winger Plus at Rs. 20.60 lakh ex-showroom price in New Delhi. The vehicle is equipped with personal USB charging points, individual AC vents and ample leg space and other amenities to enhance passenger comfort and experience.
Commercial vehicle volumes likely to grow by 3-5% this fiscal: Report
Icra forecasts a 3-5% year-on-year growth in commercial vehicle dispatches for FY2026, following a slight decline in FY2025. Medium and heavy commercial vehicles and light commercial vehicles are projected to grow modestly. The bus segment is expected to lead with an 8-10% increase, driven by replacement demand and institutional purchases.
Euler Motors enters commercial passenger vehicle segment
Euler Motors has entered the commercial passenger vehicle market. The company launched its new e-three-wheeler, Neo HiRANGE. It comes in three variants for last-mile connectivity. Euler Motors plans to introduce a dedicated brand, 'Neo by Euler'. The new brand will cater to diverse customers. The company aims to expand across 50 cities in the next few months.
Piaggio Vehicles teams up with Hinduja Leyland Finance
Piaggio Vehicles partners with Hinduja Leyland Finance. This collaboration aims to offer retail finance options. Customers can finance both internal combustion engine and electric three-wheelers. The partnership seeks to simplify vehicle ownership. It also aims to make it faster and more accessible. This collaboration combines expertise to help customers efficiently acquire vehicles.
TVS expands electric 3-wheeler portfolio; drives in model to cater to cargo segment
TVS Motor Company has launched a new electric three-wheeler, King Kargo HD, for cargo. It has a 156 km range and costs Rs 3.85 lakh. A CNG version is also planned. The company will first launch in Delhi-NCR, Bengaluru, Gujarat and Maharashtra. TVS expects EVs to dominate 60% of the three-wheeler market by 2030.
Ashok Leyland results: Record sales volumes give CV maker a major net boost in June quarter
Ashok Leyland announced a significant increase in net profit for the first quarter. The company's profit rose by 19.44%, reaching ₹657.72 crore. This growth was fueled by record-breaking commercial vehicle sales. Ashok Leyland sold 44,238 units, marking its highest-ever quarterly volume. The company's subsidiary, Switch Mobility, also achieved positive EBITDA.
Tata Motors forays into Dominican Republic with commercial vehicles
Tata Motors has entered the Dominican Republic market, partnering with Equimax as its authorised distributor. This move aligns with Tata Motors' global expansion strategy, introducing commercial vehicles tailored for logistics, infrastructure, and last-mile delivery. Asif Shamim noted the Dominican Republic's high potential and Tata Motors' commitment to supporting national development goals with its advanced vehicle solutions.
M&M puts Finnish company Sampo on the block
Mahindra & Mahindra is divesting Sampo Rosenlew Oy, a Finnish combine harvester manufacturer, as part of its strategy to focus on core businesses and improve capital allocation. M&M acquired full control of Sampo in 2022, but the company has struggled with weak demand and development costs.
Ashok Leyland sales up 8% in July
The company had sold a total of 13,928 units in July 2024, the Chennai-based firm said in a statement.
Tata Motors seeks to expand revenues, access new technologies with $4.5 bn Iveco deal
Tata Motors plans to acquire Iveco's truck and bus division for $4.5 billion. This deal will significantly expand Tata Motors' global presence. It will also provide access to advanced technologies like electrification. The acquisition aims to strengthen Tata's position in Europe and India. The deal is expected to be completed by April 2026.
Tata Motors' Iveco takeover to fuel global CV ambitions but not without risks
Tata Motors offer is aimed at acquiring 100% of Iveco's common shares with a subsequent delisting of Iveco Group from the Euronext Milan stock exchange. The all-cash offer valued Iveco at about Rs 3.8 billion ($4.4 billion). Both companies believe that having Iveco operate as a wholly-owned unit of the Mumbai-based automaker is crucial for its sustainable success and long-term value creation. Iveco has a diversified business with 74% of revenues from Europe and the rest from South America, Africa, and Oceania.
Tata revs up the global game. How Iveco fits in
Tata Group is eyeing another global expansion. Tata Motors is preparing to acquire Iveco from the Agnelli family for $4.5 billion. This deal will be the second-largest acquisition for Tata Group after Corus. Tata aims to be a globally competitive enterprise. The acquisition will give Tata access to the European truck and bus market.
Proposal to drive LCVs into CAFE
The Bureau of Energy Efficiency has proposed stricter fuel efficiency norms for small commercial vehicles, including those running on petrol and CNG, with a maximum weight of 3.5 tonnes. This move aims to regulate light commercial vehicles, which are currently unregulated, alongside medium and heavy-duty vehicles, expanding the scope of fuel efficiency standards beyond passenger cars.
Tractor dispatches to see 4-7% growth in FY26
Tractor dispatches from companies to dealers in India are projected to experience moderate growth of 4-7% in FY2026, according to Icra. This growth is expected to be fueled by favorable monsoon conditions, which will likely enhance agricultural output in key regions.
Ashok Leyland looks at proactive approach to navigate emerging industry trends: Chairman Hinduja
Ashok Leyland is proactively addressing electrification, supply chain issues, and digitalization to become a top global commercial vehicle manufacturer. The company will invest in R&D for alternative fuel vehicles, form strategic alliances, and expand its presence in the Middle East, Africa, and ASEAN regions. They aim to provide innovative and sustainable mobility solutions.
