CMV360 Weekly Wrap-Up | That Mattered This Week (May 07th-May 12th): Bajaj Auto is stepping up its game with new releases and growth.

Check out this week's important news on the truck, three-wheeler, tractors, new launches, and much more.

Welcome to the Cmv360 Weekly Wrap-Up, where we offer you the most recent commercial vehicle industry news and developments. Stay tuned with us as we explore these and other automobile parts-related subjects.

Check out this week's important news on the truck, three-wheeler, tractors, new launches, and much more.

NueGo's new electric bus fleet sets high standards for road safety.

NueGo is India's first premium electric AC coach service, providing passengers with a safe and comfortable ride. To avoid accidents, NueGo has implemented a cutting-edge sophisticated collision avoidance technology known as ADAS (sophisticated Driver Assistance Systems). The coaches include speed locks as well as best-in-class vehicle suspension for a smooth ride. Before departure, the business also administers breath analyzer tests to its bus drivers. In addition to these precautions, NueGo employs CCTV surveillance to monitor the buses and assure passenger safety.

Greaves Aero Vision: Futuristic Electric Three-wheeler Made in India

The Greaves Aero Vision electric three-wheeler was launched as one of the most notable concepts in the commercial vehicle sector for the transportation industry at the Auto Expo 2023 in Delhi. They intend to take the commercial transportation business to the next level with their vehicle. A more comfortable, assured travel with plenty of privacy, air-conditioned journeys, and many other options

Volvo Trucks Tests Fuel Cell Electric Trucks on Public Roads

Volvo Trucks debuted its fuel-cell electric trucks for the first time last year. Volvo Trucks, a division of the Volvo Group, has stated that it is testing its hydrogen-powered fuel cell trucks on public roads for the first time. These zero-emission vehicles generate their own electricity onboard using hydrogen, making them suited for longer travel tasks.To make things even more difficult, the testing was carried up above the Arctic Circle in northern Sweden in an exceptionally cold temperature. For the first time, the vehicles have been tested on public highways.

Bajaj Auto is stepping up its game with new releases and growth.

After finishing FY23 with record profit margins, India's third-largest two-wheeler manufacturer, Bajaj Auto, is set to push the envelope on numerous fronts this year. The Pune-based manufacturer of Chetak and Pulsar, which is set to make its entry in the electric three-wheeler industry soon, is also gearing up to introduce its first small Triumph in June

Tata Technologies signs a Memorandum of Understanding with TiHAN IIT Hyderabad

Tata Technologies, a multinational engineering and product development digital services firm, has inked an MoU with TiHAN IIT Hyderabad to cooperate on Software Defined Vehicles (SDV) and Advanced Driver Assistance Systems (ADAS).ADAS warns the driver of impending risk or even intervenes to avert an accident. ADAS-equipped vehicles can sense their surroundings, process this data rapidly and precisely in a computer system, and send the appropriate output to the driver.

Also Read:CMV360 Weekly Wrap-Up | That Mattered This Week (April 30th-May 06th): Mahindra LMM becomes the No. 1 Electric 3-Wheeler Manufacturer

OSM will raise USD 200 million to expand its EV and drone businesses.

Omega Seiki Mobility is in talks with private equity firms and banks. The company wants to expand its electric vehicle business and manufacture commercial drones. Anglian Omega Group Company has begun discussions with private equity companies about raising $10 million over the next two years for its newly founded drone manufacturing startup Suryoday Aerial Vehicles Pvt Ltd, according to its founder Uday Narang.

IFFCO Will Use Drones and Artificial Intelligence to Promote Nano Fertilizers

The Indian Farmers Fertilizer Cooperative (IFFCO) has announced intentions to promote the usage of nano fertilizers like nano Urea and nano DAP throughout India by utilizing drones and artificial intelligence technology. The DRONAI program combines drone, nano, artificial intelligence, and mobile technologies to promote the foliar application of nano fertilizers and other agrochemicals.

Daimler is concentrating on innovation through software updates for faster deployment.

Daimler trucks, for example, feature active safety, which consists of a set of hardware and software; nevertheless, the business aims to continue updating safety exclusively with the latter in the future. Daimler is now outsourcing software to Tier I vendors, but the business hopes to have an in-house staff shortly. DTICI now designs architectures on its own, and according to the CEO, hardware will continue to be built by other suppliers.

Also Read: CMV360 Weekly Wrap-Up | That Mattered This Week (April 24th-29th): Mahindra Introduces New Bolero MaXX Pik-up Range Starting at Rs. 7.85 Lakh

Bridgestone Introduces the Potenza Ultra-High Performance Race Tyre

Bridgestone Americas has introduced the Bridgestone Potenza Race tyre, the latest addition to its famous ultra-high-performance Potenza series. The all-new Potenza Race, created for track admirers looking to perform and push the limits, is a semi-slick tire homologated for public roads but with performance centred on track days, according to a release from Bridgestone Tire.

Retail Tractor Sales Report for April 2023 Risen by 1.48%, Sold 55,835 Tractors

FADA’s retail tractor sales report for April 2023 shows a 1.48% increase in tractor sales. In contrast, all tractor manufacturers sold 55,835 units collectively. M&M and M&M’s Swaraj Division remained on the top by registering 12,639 and 9,550 units of sales, respectively. However, tractor brands like Eicher, VST, Force, and Preet registered negative growth in their overall sales figure and market share.

Commodity price inflation has an impact on Escorts Kubota's earnings in FY2023.

Escorts Kubota has released its financial results for FY2023, which were hit principally by commodity price increases combined with unusual events. For the fourth quarter of the fiscal year 2023, the company recorded revenue of Rs 2,214 crore, a 17 per cent increase, and EBITDA of Rs 233 crore, compared to Rs 248 crore the previous year. The net profit was Rs 216 crore, compared to Rs 190 crore in the previous year's similar period.

Eicher Motors reports a 48% increase in Q4 profit year on year

Eicher Motors Limited (EML) has revealed its fourth-quarter financial results, which show a consolidated net profit of Rs 905 crore, a 48% rise over the same period the previous year when the profit was Rs 610 crore. The company recorded its highest-ever quarterly income from operations of Rs 3,804 crore, representing a 19.1% increase over the previous year's equivalent quarter revenue of Rs 3,193 crore.

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