Eicher Motors Q2 Profit Up by 8% Despite Decline in Royal Enfield Sales
Eicher Motors’ operating profit, also known as EBITDA, remained nearly unchanged at Rs 1,087.7 crore.
Tata Motors Clarifies: No New Holding Company for CV and PV Divisions
Tata Motors stated that the ongoing demerger of its CV and PV businesses is part of a well-planned strategy.
Borzo Expands Delivery Fleet with New 3-Wheeler and Truck Service
Borzo's new service aims to achieve 500 deliveries per day using 3-wheelers and trucks by 2025.
Ashok Leyland Partners with Madhya Pradesh Gramin Bank for Vehicle Financing
With this agreement, Madhya Pradesh Gramin Bank will offer financial support to Ashok Leyland customers.
Tata Motors Reports 17% Increase in ACE EV Sales
Tata Motors saw a 13.9% drop in revenue, reaching Rs 17,300 crore.
Daimler India names Michael Moebius as President and Chief of Procurement & Supply Chain.
Michael Moebius began his career with Daimler in 1990. Over the years, he has held various roles within the organization.
Tesla Offers Cybertruck Leases Starting at $999/Month
The leasing plan requires a $7,500 down payment for a standard all-wheel-drive Cybertruck lease, with a commitment of three years.
Truck Rental Rates Drop After Festive Rush, Vehicle Sales See Big Boost
Truck rental rates on several key routes have seen a small drop in October.
Delhi Government Introduces New Challan System for Commercial Vehicles
Commercial Vehicles owners will automatically receive e-invoices, certificates, and payment receipts on WhatsApp.
Supreme Court Eases Rules for LMV Drivers, Expands Driving Permissions
The dispute over whether LMV license holders should be allowed to drive transport vehicles with a weight under 7,500 kg dates back to a 2017 case.
Jupiter Electric Mobility Acquires Log9’s Battery Units for Rail and Electric Trucks
JEM and Log9 secured a battery order for the Vande Bharat trains in collaboration with Siemens.
FADA Sales Report October 2024: CV sales increased by 6% YoY
Total commercial vehicle sales for October 2024 reached 97,411 units, up from 91,576 units in October 2023.
Daimler India Commercial Vehicles (DICV) Achieves Impressive Profit Growth in FY24
DICV’s profit before tax jumped to ₹347 crore in FY24, more than doubling from ₹124 crore in FY23.
BharatBenz Awarded "Well-Known Trademark" Status
It was the first brand to offer factory-built, air-conditioned metal cabins, enhancing driver comfort and road safety.
VECV Sales Report October 2024: 6,196 Units Sold; Sales Declined By 2.61%
VECV's October 2024 sales declined by 2.61% to 6,196 units. Eicher Trucks reported a 2.58% decrease in sales.
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