Daimler India Commercial Vehicles (DICV), maker of BharatBenz trucks and buses and a wholly owned subsidiary of Daimler Truck AG, today announced an additional investment of approximately ₹4,000 crore in Tamil Nadu to further strengthen BharatBenz and India’s commercial vehicle ecosystem. The additional investment was outlined as part of a non-binding facilitation Memorandum of Understanding […]
The MD & CEO of the company Mr. Girish Wagh credited the quarter’s growth to a strong product portfolio, sharp execution, and discipline, while highlighting EV momentum. At its Q1FY27 earnings call held last evening, Mr. Wagh gave an indication of how the company managed rising costs while betting big on both electric vehicles and […]
The Ministry of Road Transport and Highways (MoRTH) has mandated the fitment of systems to cover the load bodies of all tippers and dumpers, with the new requirement coming into effect from April 1, 2027. The provision forms part of the Central Motor Vehicles (Twelfth Amendment) Rules, 2026, notified by the Ministry on July 28, […]
The Ministry of Heavy Industries has extended the tenure of the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme by two years, taking its implementation period from 31 March 2026 to 31 March 2028. Originally notified on 29 September 2024 with an outlay of ₹10,900 crore for a two-year period, the scheme […]
The commercial vehicle industry is entering an era where electrification, automation, connectivity and digitalisation are no longer standalone technology domains—they are increasingly converging to create smarter, safer and more efficient vehicles. According to Ivan Brajdic, Head of R&D at the Commercial Vehicle Solutions (CVS) Division, ZF, the next phase of innovation will be defined not […]
As the global commercial vehicle industry navigates geopolitical uncertainties, evolving regulations and the transition towards cleaner mobility, India has emerged as one of the brightest growth markets for the sector. Andreas Moser, Member of the ZF Board of Management and Head of the Commercial Vehicle Solutions Division, believes the country’s strong market momentum, growing focus […]
Ashok Leyland, the Hinduja Group’s flagship and India’s leading commercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with Drivn, a provider of financing and leasing solutions for electric commercial vehicles. The partnership will enable both companies to offer customised financial solutions to customers purchasing Ashok Leyland’s electric vehicles. The MoU was signed by […]
The Board of Directors of SML Mahindra Limited (SML) has approved the acquisition of Mahindra Truck & Bus Division (“MTBD”) from Mahindra & Mahindra Limited (M&M) on a slump sale basis. The transaction is expected to be completed during FY2027. The acquisition marks a significant milestone in SML’s growth journey and represents a strategic step […]
Transport Corporation of India Ltd. (TCI), India’s leading integrated multimodal logistics and supply chain solutions provider, has announced its financial results for the first quarter ended June 30, 2026. Financial Highlights – Q1 FY2027: • Revenue: TCI reported consolidated revenue of ₹12,548 million, registering a growth of 9.1% compared to ₹11,506 million in the corresponding […]
Ashok Leyland has signed a memorandum of understanding with UCO Bank to establish a strategic vehicle financing partnership, enabling both organisations to offer customised financial solutions to customers buying Ashok Leyland trucks and buses. The MoU was signed by Mr. Neelakantan, Vice President of Finance at Ashok Leyland, and Mr. R.S. Ajith, Zonal Head of […]
Montra Electric and Wonder Cement have announced the deployment of around 250 heavy-duty electric trucks — the Rhino 5538 EV 42 TT — across a 1,450-km corridor spanning Rajasthan, Madhya Pradesh, Maharashtra, and Gujarat, creating India’s longest commercial electric freight corridor. The trucks will operate on the Nimbahera to Dahej Port and Nimbahera to Tuna […]
ZF Commercial Vehicle Control Systems India Limited (ZF CVCS India) has secured business nominations from three leading Indian commercial vehicle OEMs for its ESCsmart™ Electronic Stability Control (ESC) solution. The multi-year programs cover truck platforms across both 24V and 12V architectures and support upcoming vehicle programs designed to meet India’s new ESC safety regulations. Production […]
The Volvo Group, Daimler Truck, and Toyota Motor Corporation have signed a binding agreement for Toyota to become an equal partner and shareholder in cellcentric, the fuel cell systems developer jointly owned by Volvo and Daimler Truck. Upon completion, each of the three companies will hold a one-third stake in cellcentric. The transaction is expected […]
Ashok Leyland has signed a memorandum of understanding with Shriram Automall India Limited (SAMIL) to create a transparent and trusted ecosystem for certified pre-owned commercial vehicles across India. The MoU was signed by Mr. Viplav Shah, Head of LCV at Ashok Leyland, and Mr. Sameer Malhotra, Director and CEO of SAMIL. Under the partnership, the […]
The CV maker is in a strong financial position to back its innovation ambitions. The company ended last fiscal debt-free, with net cash of over ₹5,000 crore on its balance sheet. Ashok Leyland closed FY26 with its best-ever performance, and Q1 FY27 has continued that momentum with 10% growth. Mr. Shenu Agarwal, Managing Director and […]