Browsing: Commercial Vehicles

Ola Electric, the leading name in India’s electric two-wheeler market, has made a significant stride by introducing its inaugural range of electric motorcycles. Revealing the new lineup, Ola Electric CEO Bhavish Aggarwal presented three innovative models: the Roadster X, Roadster, and Roadster Pro.

Jawa Yezdi Motorcycles has rolled out the latest edition of its popular retro roadster, the Jawa 42, in India, priced at ₹1.73 lakh (ex-showroom). This 2024 model brings substantial updates, particularly in its engine performance and aesthetic appeal.

BMW M GmbH is expanding its offering in the high-performance segment and, at the same time, pushing ahead with the electrification of its model range. The new BMW M5 Touring combines standout dynamics on the road and track with variable-use interior space for everyday jobs, leisure activities, and trips away.

Euler Motors unveiled its commercial EV manufacturing and R&D facility in the industrial hub of Palwal, Haryana. Spanning 5 lakh sq. ft., the plant has a production capacity of 36,000 vehicles annually. Built with an investment of Rs 100 crore, the factory will serve as Euler Motors’ national manufacturing hub, catering to the rising demand for its 3W HiLoad EV from across the country. as the company plans to expand its footprint from 26 to 40 cities by FY25.

Zoomcar Holdings, Inc., the NASDAQ-listed leading marketplace for self-drive car sharing, has launched a new unified app designed to enhance the car-sharing experience for both guests and hosts. This app replaces the previous two-app system, streamlining operations and introducing over 10 feature upgrades aimed at boosting platform growth and user satisfaction.

ZF is harnessing the power of software to develop smarter, more connected, and highly efficient commercial vehicle technologies. By integrating ZF’s intelligent software solutions with its chassis technologies, vehicle performance and safety can be improved, ensuring safer and smoother journeys. As automotive technologies shift towards greater digital integration, ZF is setting the pace as an enabler of smart and connected technologies.

Tata Motors Limited’s Board has approved a Composite Scheme of Arrangement among Tata Motors (TML), TML Commercial Vehicles Limited (TMLCV), Tata Motors Passenger Vehicles Limited (TMPV), and their shareholders under the Companies Act, 2013. The Scheme involves demerging TML’s Commercial Vehicle business into TMLCV and merging TMPV’s Passenger Vehicle business into TML. Upon effectiveness, TMLCV and TML will be renamed, resulting in two listed entities: TML (Commercial Vehicles) and TMPV (Passenger Vehicles, Electric Vehicles, JLR).

Daimler India Commercial Vehicles (DICV), to provide customised financing options for its commercial vehicle clients and dealerships, a wholly-owned subsidiary of Daimler Truck AG has announced a strategic partnership with Bajaj Finance, a division of Bajaj Finserv Group, one of India’s largest financial conglomerates. The goal of this partnership is to make financing options more easily accessible and convenient for all of DICV’s commercial vehicle inventory.

YS Chakravarti, MD & CEO of Shriram Finance Ltd. speaking about the June 2024 Mobility Bulletin said, “With the new government in place and with monsoon rain expected to gain strength, businesses are hopeful that policy action from the government will help push economic activity into a higher orbit. The slowdown across sectors including road transport, vehicle sales appears temporary.”

Ashok Leyland in partnership with Hinduja Leyland Finance, extended the corporate social responsibility program, ‘Road to School’, to 352 schools in Erode, Salem and Dharmapuri Districts of Tamil Nadu.