FADA Sales Report May 2024: CV Segment Experienced A 4% YOY Growth
According to the latest FADA Sales Report, combined CV sales reached 83,059 units in May 2024 compared to 79,807 units sold in May 2023.
Commercial Vehicle Industry Growth to Slow Down in 2025, Says ICRA
The industry saw strong growth in the first half of FY2024, but this was counterbalanced by a slower fourth quarter, which saw a 4% decrease in wholesale volumes.
Omega Seiki Mobility Plans $40 Million Funding for Electric Trucks
The funding will be used to develop two electric truck facilities across the country.
New Subsidy Scheme for Electric Trucks and Buses Likely to be Introduced
The FAME-III program may also include e-buses for nine cities with populations greater than four million.
Kalyani Powertrain, Revfin, and Bluwheelz Partner to Introduce retrofitted Electric Trucks in India
KPTL has successfully certified retrofitted electric trucks in the 10-16T GVW category for the N3 Goods Carrier segment.
Tata Motors Approves Demerger of Commercial Vehicles Business
The new subsidiary will be named "TML Commercial Vehicles Limited" or another name approved by the Ministry of Corporate Affairs, according to the company's regulatory filing.
Election Results Impact: Infrastructure and Construction Stocks Fall
BEML's shares fell 19%, Ashok Leyland, one of India's leading CV manufacturers, fell 12%, Olectra Geentech Ltd, which manufactures electric buses, was also down 9%, and Hindustan Aeronautics fell 17%.
VECV Sales Report May 2024: 4,908 units sold; sales grew by 8.42%
Overall, export sales of Eicher trucks witnessed growth in May 2024, with a total of 282 CV units sold as compared to 175 units sold in May 2023.
Mahindra & Mahindra Celebrates 25 Years of Bolero Pik-Up
Mahindra guarantees a minimum resale value of INR five lakh after five years, giving buyers confidence in the future worth of their vehicle.
Ashok Leyland Launches 'Sarathi Suraksha Policy' for Drivers
Sarathi Suraksha Policy is an insurance coverage designed to protect the driver community.
Ashok Leyland Sales Report May 2024: Records 4.49% growth in Domestic Sales, Sells 11,949 Units
Ashok Leyland's May '24 total sales experienced a 6.03% increase, with 12,219 units sold. Domestic and export sales increased by 4.49% and 65.64%, respectively.
Mahindra & Mahindra Sales Report for May 2024: Highlights Strong Performance in Heavy Vehicle Category
Explore M&M's sales report for May 2024! In May 2024, their LCVs over 3.5 tonnes, including MHCVs, skyrocketed by 90%, while other categories varied.
Tata Motors May 2024 Sales Report: 2% Year-on-Year Increase in CV Sales
Discover the latest sales insights from Tata Motors Limited! May 2024 sales: CV Domestic 28,476 units, a 3% YoY growth.
Tata Motors Launches "TATVA" Framework to Strengthen Circular Economy Initiatives
Tata Motors is also expanding its end-of-life vehicle management by launching five vehicle scrappage facilities under the "Tata Re.Wi.Re" brand.
Jupiter Electric Mobility Private Limited Gets Approval to Manufacture battery-operated LCV
JEM will be the first to introduce a one-tonne commercial EV fitted with Telematics for monitoring EV health and performance.
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