Page 4 - Commercial Vehicles

Auto margins could come under near-term pressure on higher duties

Commercial vehicle companies to gain the most on scrappage, bus orders and infra boost

M&M hits 52-week high on price hike of personal, commercial vehicles

The price will increase by around 1.9 per cent, resulting in an increase of Rs 4,500 - Rs 40,000, depending on the model and variant

Ashok Leyland shares rise nearly 4% after commercial vehicle sales data

Shares of Ashok Leyland on Friday gained nearly 4 per cent after the firm reported a 14 per cent increase in its total commercial vehicle sales in December

OEM recovery, robust replacement demand to boost Apollo Tyres revenues

Price hikes to offset some of the the surge in raw material costs

Tata Motors only truck maker to reduce discounts, says CV unit chief

Girsh wagh says firm took a bold decision to prune incentives by almost a third during BS VI transition

Ashok Leyland renames Optare as SwitchMobility, unveils global EV plan

With a new structure, SwitchMobility will be positioned to become Ashok Leyland's global arm, focusing on electric vehicles and green mobility solutions

Revival in economic activity, infra and rural demand pushes CV sales

Faster recovery seen with festive season ahead, though overall sales are likely to be lower, as Q1 was completely washed out

Mahindra & Mahindra's total sales fall 14.52% to 44,359 units in Oct

Mahindra & Mahindra (M&M) on Sunday reported a 14.52 per cent decline in total sales to 44,359 units in October. The company had sold 51,896 units in the same month last year, M&M said in a statement. In the domestic market, passenger vehicle sales were up 1 per cent to 18,622 units last month compared to 18,460 units in October 2019. In the commercial vehicles segment, the company sold 3,118 vehicles last month in the domestic market as against 7,151 units in October 2019, a drop of 56 per cent. Exports dropped by 25 per cent to 2,021 units as against 2,703 units in the year-ago month. "We are happy to achieve a growth of 4 per cent in utility vehicles, despite certain supply constraints. Our brands Scorpio, Bolero and XUV 300 continue to do well, while the bookings for the all-new Thar has set new records within just a month of its launch," M&M Chief Executive Officer, Automotive Division, Veejay Ram Nakra said. For Mahindra, the festive season has started on a ...

Wheels India reports net profit of Rs 7.43 cr in September quarter

The company reported a revenue of Rs 510.84 crore in Q2FY21 compared to the Rs 595.63 crore reported in the same period last year

Auto component firms see capacity utilisation doubling to 60-95% levels

Most players expect strong demand during 45 day festive period, but tread cautiously as trend may not sustain later; Icra sees very few players going for debt recast

Auto companies show signs of recovery, increase dispatches by 13%

Tractor sales also increased with largest tractor seller Mahindra & Mahindra selling 18 per cent more farm equipment indicating that a good monsoon was driving the rural economy

Ashok Leyland banks on the Phoenix to expand biz in India, global market

Launches on a platform developed entirely in-house is the commercial vehicle maker's weapon of choice to expand domestic market share and develop new global markets

Mid-size SUVs, deluxe commuter bikes outshine peers, shows SIAM data

Among the two wheelers, motorcycles in the 150cc to 200cc segment have been the outliers

Ujjivan SFB makes foray into small CV financing for tier II, III cities

Ujjivan SFB said as part of the ''Raftaar Loans'' product mix, the customised offerings will be available across southern and eastern regions: Karnataka, Tamil Nadu, and West Bengal

Penetration of EVs to remain low in medium-term in PVs, CVs: ICRA

ICRA said modality of vehicle financing in a battery-swappable model, where core battery is owned/leased by a third party and financiers only have control over residual vehicle, is another challenge

Collections for pools of retail-loan receivables making a recovery

According to CRISIL Ratings, collections for pools of microfinance and commercial vehicle loan receivables (which had seen the sharpest drop after the lockdown), clawed back above 50 per cent in July

Tata Motors bets on generation of free cash flow for debt reduction

JLR is seeing an additional boost from strong demand for the recently launched Evoque and Defender

Defence, LCV and buses to be key growth levers at Ashok Leyland: Chairman

Dheeraj Hinduja says company's future product plans would revolve around auto buzzword CASE mobility. CASE is an acronym for Connected, Autonomous, Shared & Electric vehicles

Overdue replacement cycle to drive recovery in commercial vehicles: VECV

Overdue replacement cycle of commercial vehicles will drive recovery in the market, while demand for trucks is expected to start coming back from October-November onwards

BSVI commercial vehicles equipped with tech, other upgrades: Tata Motors

Tata Motors said its entire BSVI-compliant range of commercial vehicles is equipped with technological and performance upgrades that generate higher revenue and profits for transporters