CMV360 Weekly Wrap-Up | 11th May – 17th May 2025: Major EV Investments, Hydrogen Truck Launch, Bus Reforms, Strategic Alliances, and Policy Push for Smart Farming

Welcome to the CMV360 Weekly Wrap-Up for 11th to 17th May 2025, your one-stop source for the latest developments in India’s commercial vehicle, electric mobility, and agricultural sectors.

This week, India witnessed a wave of innovation and strategic moves across industries. Urban Glide entered the electric bus space with a promising public-private model, while Hero MotoCorp completed a major EV investment in Euler Motors. Green mobility gained momentum with GreenCell and Adani introducing large-scale electric and hydrogen-powered fleets. Celebrations at the 16th Apollo CV Awards honoured key players like Mahindra and Tata Motors for their contributions to India’s CV landscape.

CNH laid out a robust growth plan in agriculture, and TAFE elevated Dr. T.R. Kesavan to a key leadership role. Farmers in Uttar Pradesh and Madhya Pradesh also benefited from new subsidies and direct transfers under state initiatives, signalling stronger support for rural development.

From smart EV leasing solutions to cashless bus travel in Delhi, precision farming tools to tyre industry updates, this wrap-up covers the breakthroughs shaping India’s mobility and agri-tech future. Let’s dive into the top headlines driving the change.

Urban Glide Launched to Operate Public Buses Under New Govt Model

Urban Glide, a joint venture by Komorebi Tech and Globus, will operate 500 electric buses under the GCC model, starting with 150 in Mumbai. Backed by experts from BEST and PMPML, it aims to improve India’s bus system with clean vehicles, better planning, and trained staff. With 2 lakh buses shifting to private operators, this creates a ₹1 lakh crore market. Supported by government subsidies and a secure payment system, Urban Glide promises safer, efficient travel for millions daily.

Hero MotoCorp Completes 34.1% Stake Acquisition in Euler Motors

​Hero MotoCorp has completed its ₹510 crore investment for a 34.1% stake in Euler Motors, marking its entry into the electric commercial vehicle segment. The deal includes equity and Series D CCPS shares. This move strengthens Hero’s EV presence alongside Ather and VIDA and supports its diversification beyond traditional 100–150cc bikes. Euler Motors, known for its electric 3-wheelers, operates in 30+ cities with fast-growing revenue, offering Hero a strong platform for EV expansion.

India’s Commercial Vehicle Sector Celebrated at 16th Apollo CV Awards 2025

The 16th Apollo CV Awards celebrated India’s commercial vehicle sector, with Mahindra Veero SCV Pickup winning ‘CV of the Year’ and Tata Motors named ‘CV Maker of the Year’. Key leaders like Suman Mishra and Dheeraj Hinduja were honoured. A white paper projected strong CV and EV growth by 2030. The event spotlighted green mobility, localisation, and future-ready tech, aligning with government initiatives like Aatmanirbhar Bharat and Viksit Bharat 2047 to boost self-reliant, sustainable transport solutions.

GreenCell Mobility Wins Electric Bus Contract under PM E-Bus Sewa Scheme

​GreenCell Mobility has secured a CESL contract to deploy 1,222 electric buses, 472 Eicher units in Madhya Pradesh, and 750 Pinnacle buses in Andhra Pradesh, under the PM E-Bus Sewa Scheme. This expands GreenCell’s zero-emission fleet to five states, supporting India’s 10,000-bus electrification target. The project includes new charging stations and aims to reduce carbon emissions and improve urban mobility. GreenCell, backed by Eversource Capital, is focused on cleaner, sustainable public transport solutions through electric Mobility-as-a-Service.

Adani Group Deployed Hydrogen Truck for Mining in Chhattisgarh

​Adani Group flagged off India’s first hydrogen-powered truck in Chhattisgarh to replace diesel trucks in mining logistics. The 40-tonne truck runs 200 km on hydrogen, emitting only water vapour. This eco-friendly move supports cleaner transport, cuts emissions, and reduces oil imports. Flagged off by CM Vishnu Deo Sai, the truck reflects Chhattisgarh’s sustainability push. Developed with smart tech, the initiative is a joint effort by Adani Natural Resources and Adani New Industries Limited under India’s green mobility vision.

Greaves Aero Vision Wins Spot in Top 50 Designs at CII Awards 2024

​Greaves Electric Mobility’s Aero Vision concept has been named among the Top 50 Designs at the 14th CII Design Excellence Awards 2024. Inspired by the Arctic Tern and Indian heritage, the concept promotes sustainable and affordable electric three-wheelers. Greaves runs a 35-acre EV plant in Tamil Nadu with 1.2 lakh annual capacity. The brand serves over 3 lakh users with models like the Ampere Nexus scooter and ELTRA City auto, aiming to boost EV adoption through innovation and local manufacturing.

Apollo Tyres FY25 Results: Revenue Rises, Profit Declines

​Apollo Tyres reported a 3% revenue rise in FY25 to ₹26,123 crore. However, operating profit dropped to ₹3,572 crore from ₹4,447 crore, and net profit fell to ₹1,121 crore from ₹1,722 crore. Q4 profit also declined year-over-year. A ₹5 per share dividend was proposed. Chairman Onkar Kanwar acknowledged underperformance and said the company is working on improvements. Despite profit pressure, Apollo remains a global tyre leader with operations in over 100 countries and seven factories worldwide.

Tata Motors' Demerger and Sales Challenges: What's Ahead for FY26?

​Tata Motors' demerger into two listed companies is progressing as planned, with shareholder approval secured and NCLT approval expected by Q2FY26. Internal transitions like employee assignments and IT upgrades are complete. The company anticipates stronger PV and CV sales in FY26, despite FY25 declines, PV down 3% and CV down 5%, driven by a 13% drop in EV demand. JLR faces tariff pressures but gains from a new US-UK deal. Tata Motors remains optimistic due to strong ROCE and EBITDA margins.

Tata Motors and Vertelo Partner to Accelerate EV Leasing for Commercial Vehicles

​Tata Motors and Vertelo have signed an MoU to offer tailored leasing solutions for Tata’s electric commercial vehicles, including Ace EV, Ultra, Starbus, and Prima E.55S. Vertelo, backed by $200 million from the Green Climate Fund, will provide leasing, financing, charging support, and fleet services. This partnership aims to ease the EV transition for fleet operators and aligns with India’s push for affordable, cleaner mobility.

ZF CVS Launches SUMS Service Suite to Help Trailer OEMS Meet UN R156 Standards

​ZF Commercial Vehicle Solutions has introduced the SUMS Service Suite to support trailer makers in complying with UN Regulation R156. The suite includes the ISO 24089-certified SCALAR SUMS platform for managing software and hardware versions. It also offers consulting, training, templates, and tools, along with advanced technologies like TEBS-E7, iEBS, and SmartBoard. ZF plans to expand these certified solutions to trucks and buses, helping OEMs handle updates and meet cybersecurity standards.

Delhi Buses Go Digital: UPI and Card Payments Now Accepted

​Delhi buses now accept UPI and card payments, making travel faster and cashless. The system is being tested at three depots and will be free for DTC for five years. The Delhi government is also promoting electric buses by adding charging stations and offering special hire rates. DTC depots will be modernized with multi-level parking and better facilities without using public funds. A new testing center will check 72,000 vehicles yearly to help reduce pollution and improve air quality.

CNH Unveils New Strategic Business Plan to Boost Growth and Profit Margins

​CNH has unveiled its 2030 Strategic Business Plan, aiming to become the number one or two player in all major agriculture markets. The company targets a 16–17% EBIT margin in agriculture and plans to double Precision Tech’s sales share. New tractors and combines are designed to lower ownership costs by 15%. CNH also expects a 25% rise in industrial cash flow. The plan focuses on smart farming tech, cost savings, and strong brand-dealer strategies for long-term growth.

Dr. T.R. Kesavan Becomes Director and Group President at TAFE

Dr. T.R. Kesavanhas been promoted to Director and Group President at TAFE, bringing over 30 years of experience in the farm equipment sector. Known for his farmer-first and eco-friendly approach, he will now lead the company’s push towards climate-smart and tech-driven agriculture. His focus includes smart tools, rural development, and global expansion. This move highlights TAFE’s commitment to innovation, sustainability, and farmer empowerment, positioning the company for long-term growth in both Indian and international markets.

Ladli Behna Yojana 24th Installment Released: Check If ₹1250 Has Been Credited to Your Account

The Madhya Pradesh government released the 24th installment of ₹1250 under the Mukhyamantri Ladli Behna Yojana on May 15, 2025. Over ₹1552 crore was transferred to 1.27 crore women via DBT, taking the total aid distributed since June 2023 to ₹35,329 crore. Beneficiaries can check their payment status atcmladlibahna.mp.gov.in using their Samagra ID. For help, a helpline and WhatsApp support are available. The scheme continues to strengthen women’s financial empowerment across the state.

Farm Preparation Now Cheaper and Smarter: Get ₹2 Lakh Subsidy on Laser Land Leveler Machine

The Uttar Pradesh government is offering a subsidy of up to ₹2 lakh on the Laser Land Leveler Machine under the "UP Krishi Yantra Anudan Yojana." This GPS-enabled machine helps farmers level fields precisely, saving water and improving yields, paddy by 61% and wheat by 40%. It also cuts costs and supports modern farming. Applications are accepted on a first-come, first-served basis atwww.upagriculture.com. Farmers are encouraged to apply early and contact their local agriculture office for assistance.

Also Read: CMV360 Weekly Wrap-Up | 04th May – 10th May 2025: Decline in Commercial Vehicle Sales, Surge in Electric Mobility, Strategic Shifts in Automotive Sector, and Market Developments in India

CMV360 Says

This week’s updates reflect steady progress in India’s commercial, electric, and agricultural sectors. From Hero’s EV push and Urban Glide’s clean bus rollout to farm subsidies and leadership changes at TAFE, the focus remains on innovation and sustainability. As these industries evolve, CMV360 will keep bringing you the key highlights shaping India’s mobility and rural growth.