CMV360 Weekly Wrap (7-12 Sep 2026): Electric Bus Sales Surge, $1 Billion SML Mahindra, New Mahindra Veero & Rising Mandi Prices
India’s commercial vehicle, tractor, EV, construction equipment and mandi markets saw major developments this week, with strong sales, new launches, financing initiatives and key industry updates.
Ashok Leyland Expands Karnataka LCV Network; Opens 12th Dealership in Raichur With 7-Service-Bay Facility
Ashok Leyland opens its 12th LCV dealership in Karnataka at Raichur, featuring a 3S facility with seven service bays and support for its LCV range.
SML Mahindra Hits $1 Billion Market Cap as M&M’s CV Strategy Gains Momentum
SML Mahindra reaches $1 billion valuation as M&M’s investment gains surge, MTBD merger advances, and Blazo i-TRK boosts commercial vehicle demand.
Eicher EV Push Accelerates: Electric Truck and Bus Fleet Nears 2,000 Units
Eicher’s electric truck and bus fleet nears 2,000 units, with 20,000+ charging points integrated through My Eicher and growing investments in cleaner mobility.
CHARGEZONE Secures $1 Billion EV Charging Energy Contracts, Plans 1,000 New Stations
CHARGEZONE secures $1 billion EV charging contracts, plans 1,000 new stations, adds 180MW capacity and targets 15,000 daily EV charging sessions across key highway corridors.
FADA CV Retail Sales August 2026: Commercial Vehicle Sales Rise 14.45% YoY to 90,769 Units; Tata Motors Leads with 33.42% Market Share
FADA reports 90,769 commercial vehicle retail sales in August 2026. Tata Motors leads with 33.42% market share, while LCVs dominate volumes despite an -9.19% month-on-month market decline.
Mahindra Launches Veero 1.1 XXL CNG and Upgraded Veero Diesel
Mahindra launches Veero 1.1 XXL CNG with 450+ km range and upgrades Veero Diesel with touchscreen, cruise control, connected features and improved comfort.
Tata Motors Launches €3.82 Billion Cash Tender Offer to Acquire Iveco Group
Tata Motors has launched a €3.82 billion cash tender offer to acquire Iveco Group, aiming for full ownership and delisting after receiving board and Exor support.
CMV360 Weekly Wrap (31 Aug-5 Sep 2026): August Sales Boom, 600+ Electric Trucks, ₹1,250 Crore TAFE Plant & Record Tractor Growth
From record tractor sales and major CV growth to electric truck expansion, new EV battery plans and solar projects, this week brought major developments across India’s mobility and agriculture sectors.
Ashok Leyland Plans 50-60% EV Battery Pack Localisation by 2027
Ashok Leyland plans 50-60% EV battery pack localisation, a Chennai facility, BMS development and automotive battery production by the end of 2027.
EIM Opens Second Heavy-Duty Battery Swapping Station at JNPA as EV Truck Fleet Expands
EIM inaugurates its second heavy-duty battery swapping station at JNPA, supporting an upcoming EV Megaplex designed to enable over 700 electric trucks across key port corridors.
New Delhi Approves AIS-228 Retrofit Standard for Ageing Trucks and Buses
India approves AIS-228 retrofit standard to reduce emissions from ageing trucks and buses, offering operators an alternative to scrapping or replacing older commercial vehicles.
Gateway Distriparks Deploys Blue Energy Motors Electric Heavy-Duty Trucks for Freight Operations
Gateway Distriparks deploys Blue Energy Motors electric heavy-duty trucks to support cleaner commercial freight operations, sustainable logistics, first and last-mile connectivity, and lower emissions across India.
UltraTech to Deploy Over 600 Heavy-Duty Electric Trucks by December 2026
UltraTech will deploy over 600 electric trucks by December 2026, transporting 5 million MT annually while reducing CO₂ emissions by 1,17,000 tonnes and diesel consumption significantly.
Ashok Leyland August 2026 Sales: 18,067 CVs Sold, Up 43.4% YoY
Ashok Leyland sold 18,067 commercial vehicles in August 2026, recording 43.4% YoY growth. Strong M&HCV demand and rising domestic and export sales boosted overall performance significantly
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