Commercial vehicle News

Mahindra and Mahindra expects this acquisition to double its CV market share to 6 per cent immediately, with plans to grow it further to 10-12 per cent by FY31 and over 20 per cent by FY36. 

Tata Motors to hike prices of its commercial vehicles by 2% from Jan. Increased production costs is given the main reason behind the price hike. Tata Motors is the country's leading player in the commercial vehicle segment.

Society of Indian Automobile Manufacturers (SIAM) on Friday (January 10) released the December sales data citing slump in December 2019 vehicle sales by 13.08%.

The government will soon come out with an integrated policy to scrap commercial vehicles that are over 10-year old to check rising pollution but there is no immediate plan to ban trucks and buses above 15 years, Union Minister Nitin Gadkari said on Friday.

LCV sales are still under pressure in the domestic market even as the other segments in the commercial vehicle segment have started showing some level of growth.

Mahindra & Mahindra Tuesday launched all new small commercial vehicle 'Jeeto', with price starting at Rs 2.32 lakh (ex-showroom Telangana).

German commercial vehicle maker Daimler has begun shipment of left-hand drive Fuso trucks to Cambodia, making the country its 13th global market.

The medium and heavy commercial vehicle segment will see volume growth of 13-17 percent next fiscal and drive the CV sector, while LCVs will see only a marginal growth of up to 3 percent, says a report.

Daimler expects sales in Indian market to pick up with the new government at the Centre.

Both the transactions occurred through the open market route.

Commercial vehicle maker Ashok Leyland has lined up a number of new launches this fiscal which include the formal launch of 'Jan Bus' in Kolkata on July 30.