Bajaj Auto in a statement shared with exchanges said the sales of commercial vehicles went up 25 per cent to 23,030 units in December 2022, against 18,386 units in December 2021
According to the company, improving fleet utilisations, pick-up in road construction projects and increase in cement consumption catalysed the demand recovery for medium and heavy commercial vehicles (MHCVs).
Bengaluru (Karnataka) [India], December 15 (ANI/PRNewswire): NAE Mobility, a Bengaluru based electric vehicle start-up, backed by one of the country's oldest bus makers - Azad Coach Builders, plans to enter the fast-growing last mile Electric Mobility space. NAE Mobility formally announced t
The company said it has been absorbing a significant portion of the increased costs, but the steep rise in overall input costs has compelled it to pass on some proportion through this minimal price hike.
According to FADA, two-wheelers (2W), three-wheelers (3W), tractors and commercial vehicles (CV) were up 24 per cent, 80 per cent, 21 per cent, 57 per cent and 33 per cent, respectively.
Chennai (Tamil Nadu) [India], December 6 (ANI/PRNewswire): Hinduja Tech (HT), a world-class engineering services company, acquired Drive System Design (DSD), an award-winning and globally trusted engineering consultancy known for developing innovative solutions for electrified propulsion sys
The company said Tata Motors' commercial vehicle business registered a 15 per cent growth in sales over Q2 FY22. For India business, domestic wholesales were at 93,651 vehicles, a surge of 19 per cent year-on-year. However, exports were at 6,771 vehicles, lower by 22 per cent affected by fin
A recovery in medium and heavy commercial vehicle (MHCV) from multi-year lows, along with sustained growth in light CV (LCV) categories, will help overall CV volume reach close to one million units by the financial year 2023-2024 (FY24) - the level of the last cyclical peak recorded in the f
New Delhi [India], November 1 (ANI/PNN): A biopic of life of Padma Shri Dr Vijay Sankeshwar, the owner of largest fleet of commercial vehicles, is all set to release.
New Delhi [India], October 13 (ANI/NewsVoir): ALT Mobility - a market leader in the leasing of electric commercial vehicles, has partnered with One Electric to provide high-quality and durable electric motorcycles for its last-mile delivery partners. Breaking the convention of investing in l
Turin [Italy], September 28 (ANI/PRNewswire): FPT Industrial, the global powertrain brand of Iveco Group (MI: IVG), announces that it has entered into an agreement to make a minority investment in Blue Energy Commercial Vehicles Private Ltd, a zero-emission truck technology company headquart
New Delhi [India], August 19 (ANI): Indian commercial vehicle industry is on the road to recovery and is expected to witness a growth (in volume) of 12-15 per cent in 2022-23 (April-March), rating agency ICRA said in a report.