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CMV360 Weekly Wrap-Up | That Mattered This Week (May 15th-May 20th): Tata Motors Q4 FY23 Results: Net profit of Rs 5,407 crore

Check out this week's important news on the truck, three-wheeler, tractors, new launches, and much more.

Multiple20-May-23•••
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The Supreme Court has dismissed Tata Motors' plea against the BEST e-bus tender.

BEST had already rejected Tata Motors' bid as "technically non-responsive," and the contract was granted to Hyderabad-based Evey Trans.

Buses20-May-23•••
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E-bus vendors may receive central support if states fail to pay up

As part of its bigger green mobility strategy, the Center is eager to deploy Electric Vehicles (EVs) for public transportation. The absence of a payment guarantee method has been noted as a major worry by the private sector, while state governments have e

Buses19-May-23•••
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PMI Electro Delivers 20 Electric Buses to Goa's State Fleet

Goa's state transportation agency received twenty electric buses outfitted with CCTV cameras, emergency buttons, and automatic digital fare collecting.

Buses19-May-23•••
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Green fuel is a key growth strategy for Tata Motors

Tata Motors also expects increased penetration of both CNG and EV offerings in the future. The firm is confident in its ability to achieve the above-stated goals through growth and cash flow generation.

Trucks19-May-23•••
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Yokohama Off-Highway Introduces Agri Tyre Featuring SLT Technology

The Yokohama Agri Star II R-I has an improved self-cleaning feature. The tyre also has less soil compaction, enhanced braking capacity, superior traction, and long tyre life.

Tractors18-May-23•••
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Toyota, Daihatsu and Suzuki developed new e-mini commercial vans

From May 18 to May 21, it will be unveiled at an exhibition event that will include the Japanese motor industry's attempts to achieve carbon neutrality (CN). The Japan Automobile Manufacturers Association (JAMA) will organize the show alongside the G7 Hir

Trucks18-May-23•••
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Isuzu chooses Honda as Partner to Develop fuel cell-powered heavy-duty hydrogen trucks

Isuzu and Honda think that hydrogen-powered fuel cell technology will be efficient in achieving carbon neutrality in heavy-duty trucks, which is required to meet the demand for huge load capacity, long use for long-distance driving, and quick refilling.

Trucks18-May-23•••
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NueGo Flags Off India’s first all-women intercity bus operation

Tickets may be purchased easily through NueGo's main website, nuego.in, as well as other digital platforms like Redbus, Paytm, and Abhibus. NueGo provides a simple payment experience using Paytm Wallet, Paytm UPI, net banking, and credit/debit cards.

Buses17-May-23•••
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Altigreen collaborates with an Indian bank to provide retail financing.

Indian Bank will now make its range of financial products available to the company's consumers across India.

Three Wheelers17-May-23•••
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Jio-bp launches new diesel that saves Rs 1.1 lakh per truck per year.

For the first time in the Indian market, this new high-performance diesel option will be accessible at all Jio-bp shops at standard pricing with no additional fee. Diesel with Active technology at Jio-bp outlets helps reduce the risk of unscheduled repair

Trucks17-May-23•••
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Godawari’s Li-Ion Battery Gets AIS 156 Phase II Certification

The battery was thoroughly tested and met all of the safety and performance standards stipulated by ICAT under the most recent revision.

Three Wheelers16-May-23•••
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Ashok Leyland CIO believes AI tools such as GPT will revolutionize the automotive industry.

Not only Ashok Leyland, but practically every major CV manufacturer, including Tata Motors, Volvo Eicher Commercial Vehicles (VECV), and others, are aiming to harness the potential of AI and other technologies along similar lines.

Trucks16-May-23•••
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Volvo Trucks Calls Off of heavy-duty truck manufacturing deal in China

Volvo Trucks and Jiangling Motors will not proceed with the previously announced acquisition of JMC Heavy Duty Vehicle and its manufacturing facility in Taiyuan, Shanxi Province, China.

Trucks16-May-23•••
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India’s Blue Energy Motors Rolls Out 100th LNG Truck Rollout from its Pune Plant

Blue Energy Motors has created a strong basis for itself as a market revolutionist in the clean energy heavy-duty trucking industry, with a 10,000-Truck installed capacity that can be expanded as the market grows and demand surges.

Trucks15-May-23•••

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