Olectra Greentech plans EV truck entry, cuts reliance on BYD tech
Olectra is launching indigenous electric bus and truck platforms from FY27, aiming to reduce dependence on BYD and boost localisation.
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Mahindra-SML eyes bigger slice of CV market, targets 12% share by FY31
The combined business currently has around 7.2% market share, compared with about 3% each for Mahindra Truck and Bus and SML before the acquisition. By FY36, the aim is to reach 20% share, said Vinod…
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UltraTech to deploy over 600 electric trucks by December 2026
The fleet is expected to transport 5 million tonnes of materials annually, cutting over 1.17 lakh tonnes of CO2 emissions and replacing the equivalent of 39 million litres of diesel use each year.
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Govt working on mechanism to share credit risk for e-buses, e-trucks: Hanif Qureshi
Qureshi, Additional Secretary, Ministry of Heavy Industries, said large banks have been reluctant to lend to the sector because it is a nascent segment and there is limited confidence in the technology.
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VE Commercial Vehicles' August sales rise 18% to 8,434 units
Eicher branded trucks and buses recorded sales of 8,162 units, up 17.9% year-on-year, while domestic Eicher sales rose 19.8% to 7,584 units.
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Energy In Motion signs MoU with Radiance Green Mobility to deploy 500 electric trucks on key freight corridors
The deployment will begin with 50 vehicles on the Mumbai-Pune route in October 2026, before scaling up as its battery-swapping network is completed on the other routes.
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GM's Canadian workers approve deal adding truck to Ontario plant amid US trade war
This pact showcases GM's commitment to investing more than one billion dollars in Ontario facilities, aiming to secure job stability amid looming tariff challenges. Workers will benefit from a three percent annual wage hike spread…
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Expect demand for electric CV to remain strong: Tata Motors MD & CEO
The automaker expects sustained growth in electric commercial vehicles, backed by a robust order book and improving TCO parity in small EV trucks.
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Govt expects 25,000 registrations under Parivartan scheme to replace old trucks, buses in Delhi-NCR
There are over 2 lakh trucks and buses conforming to Bharat Stage (BS)-IV or prior emission norms, registered in the National Capital Territory of Delhi, according to the ministry.
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TrucksUp secures $8.2 million to deepen digital freight push
TrucksUp has secured $8.2 million in fresh funding at a $42.3 million post-money valuation, with institutional investors, family offices and its cofounders backing the round. The capital will support the freight marketplace's push to expand…
