Green Drive Mobility, one of India’s leading multi-stack electric vehicle fleet operators, in partnership with Montra Electric and TVS Vehicle Mobility Solution, has deployed 100 EVIATOR 350 electric refrigerated trucks across India to support More Retail’s quick commerce operations. The deployment marks a notable development in the adoption of electric vehicles for urban cold chain […]
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Across trucks, buses, technology, and global markets, the momentum is building — and the company believes it is only just getting started. Ashok Leyland reported its best-ever annual financial performance in FY26 — revenues up 14% to ₹44,007 crore, operating profit before tax rising 22% to ₹5,163 crore, and a net cash surplus of nearly […]
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Daimler Truck Holding AG delivered resilient Group financial performance for FY2025, operating within its guided range despite a challenging macroeconomic environment marked by declining key markets and tariff headwinds. The company reported market-leading results in North America despite weak demand conditions, while Mercedes-Benz Trucks delivered solid profitability. Daimler Buses achieved double-digit margins for the first […]
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Tata Motors, one of the world’s leading commercial vehicle manufacturers, today showcased a portfolio of 11 vehicles at an event in Cape Town, South Africa, underscoring its engineering strength and technological capabilities. The curated line‑up spans multiple segments and powertrain options, including next‑generation electric vehicles alongside proven platforms, reflecting the company’s ability to design and […]
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Amazon India has announced plans to deploy around 1,000 electric trucks in collaboration with VE Commercial Vehicles’s Eicher Trucks and Buses business, marking one of India’s largest dedicated electric truck deployments in the ecommerce and quick commerce sectors. The move is aimed at strengthening Amazon Now’s rapidly expanding operations while accelerating the company’s sustainable transportation […]
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TheVice President of SIAM and Managing Director and CEO of Ashok Leyland noted that from depending on global technology, India can become a hub for designing and manufacturing commercial vehicles. The year 2047 may seem far away, but for the commercial vehicle industry, that future is already taking shape—in labs, on shop floors and in […]
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GST-led recovery sustains momentum; West Asia crisis may impact exports and margins India’s commercial vehicle (CV) industry is expected to reach a record volume of approximately 12.4 lakh units in fiscal 2027, surpassing the previous peak seen in fiscal 2019. This follows a strong rebound of 13% in fiscal 2026. However, on a higher base, […]
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Montra Electric, the clean mobility brand of the diversified Murugappa Group, has announced a strategic expansion of its eSCV portfolio with the introduction of two new EVIATOR variants, EVIATOR 350 (32kWh) and EVIATOR 350L+ (50kWh). This expansion is rooted in real-world intelligence, with Montra Electric’s fleet of over 600+ vehicles clocking more than 65 lakh […]
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The 4th edition of the Commercial Vehicle Summit 2026 closed with a clear message—the road to 2047 will be challenging and demands sustained investment, strong policy backing, continuous innovation, and close collaboration between industry, government and all stakeholders. The commercial vehicle industry, said is like the vascular system of the economy—keeping everything moving, connecting factories […]
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India’s electric vehicle (EV) market delivered another strong year in FY2025–26, with total registrations surpassing 25 lakh units – a 24% year-on-year increase. EV penetration reached approximately 8.5% of total registrations, up from 7.7% in the previous financial year. While this reflects a steady strengthening of EV adoption, the market still remains short of the […]
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