Browsing: Commercial Vehicles

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.

Christoph Ludewig, VP Leasing/Rental/Mobility & OEM of Geotab Europe, states: “Our role as a supplier to BYD Trucks Europe emphasises the trust placed in Geotab’s technology, which enables BYD Trucks Europe to optimise their operations and provide exceptional services to their customers.”

SANY Marine, a subsidiary of SANY Heavy Industry, signed an agreement with Saudi Global Ports Company (SGP), a joint venture…

Amandeep Singh, President – IO, LCV, Defence & PSB, Ashok Leyland Ltd., said, “One of the key reasons for the runaway success of our ‘DOST Range’ and now the ‘BADA DOST’ has been the robustness of the product and our network.”

Anup Saha, Deputy Managing Director, Bajaj Finance, “Our partnership with Tata Motors exemplifies this commitment. With our best-in-class process by using India stack, we aim to make the process of purchasing a commercial vehicle accessible and hassle-free.”

Prasan Firodia, Managing Director at Force Motors Limited, emphasized the strategic significance of this initiative, stating, “Digital transformation is integral to our growth strategy, and Project DigiForce will bring in a transformational shift in the way we work and compete in the market.”

Launching the Fleet Verse platform, Bharat Bhushan, Head – Digital Business, Tata Motors Commercial Vehicles, said, With the launch of Fleet Verse, we are setting a new benchmark in the commercial vehicle industry by providing customers with an all-encompassing digital platform.”