India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
New Delhi, Apr 1 (PTI) Commercial vehicle maker Ashok Leyland on Wednesday reported 5 per cent growth in total sales at 25,381 units in March 2026 as compared to 24,060 units in the same month last year. Domestic sales were up 5 per cent at 23,743 units as against 22,510 units in March 2025, Ashok Leyland said in a statement. Sales of medium and heavy commercial vehicles in the domestic market were at 16,238 units as against 16,082 units in the year-ago month, a growth of 1 per cent, it added. Light commercial vehicle sales in the domestic market last month were at 7,505 units as against 6,428 units in the year-ago period, the company said. PTI RKL ANU ANU
New Delhi [India], April 1 (ANI): India's leading automobile manufacturers reported strong sales momentum in March and the fourth quarter of FY2025-26, with companies such as Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Ashok Leyland and Eicher Motors registering growth across key segments, including SUVs, commercial vehicles and exports. The performance reflects continued demand for passenger vehicles and steady growth in commercial vehicle sales as the financial year closed on a positive note for the automotive industry. Hyundai Motor India reported its highest-eve ...Read More >
PRNewswire New Delhi [India], January 21: SWITCH Mobility Ltd, a part of the Hinduja Group, has unveiled the SWITCH IeV8, a revolutionary electric light commercial vehicle (eLCV) in the 7.2T category catering to mid-mile logistics. Designed with sustainability and operational efficiency at its core, the SWITCH IeV8 is set to transform the logistics sector in India. * H. D. Kumaraswamy, Minister of Heavy Industries and Steel, unveils the SWITCH IeV8, an electric light commercial vehicle (eLCV) designed for mid-mile logistics, at the Bharat Mobility Expo 2025 The SWITCH IeV8, a robust additio ...Read More >
Mahindra's total sales volumes stood at 79,083 in November 2024 with the company's SUV lineup making up a major share of 46,222 units Mahindra has released its sales data for November 2024. Sales of the company's passenger vehicles have improved to 46,222 units which was a 15.16% YoY growth from 39,981 units sold in Nov 2023. This related to a 6,241 unit volume growth. MoM sales however fell by 15.20% when compared to 54,504 units sold in Oct 2024 relating to a decline by 8,282 units. The company has just released two Electric Origin SUVs called the BE6e and XEV9e. Both these models are buil ...Read More >
Wheels India Ltd. (currently trading at ₹870) is a leading manufacturer of steel wheels, suspension systems, and air suspension products for commercial vehicles, tractors, and off-road equipment. A part of the TVS Group, the company operates manufacturing facilities in Tamil Nadu and Uttar Pradesh, with exports to over 25 countries. Its product portfolio spans forged wheels, aluminum wheels, bogie suspensions, and fabricated components for railways and wind energy. Wheels India is a critical supplier to OEMs like Tata Motors, Ashok Leyland, John Deere, and Indian Railways. Wheels India - FY22 ...Read More >
New Delhi : Ashok Leyland, the Indian flagship of the Hinduja Group and the country's leading commercial vehicle manufacturer, today announced that it has commenced the delivery of 24 units of AVTR 55T Electric trucks to M/s ASAT Logistics Pvt Ltd, a prominent player in cement and aggregate movement and the strategic logistics partner for Shree Cement. This milestone reinforces the strategic alliance between Ashok Leyland and ASAT Logistics while highlighting Ashok Leyland's commitment to advancing sustainable mobility through cutting-edge electric truck innovations. The keys of the first bat ...Read More >
Ashok Leyland will follow a proactive approach to navigate emerging global and industry trends including electrification and supply chain challenges as it remains in hunt to be among the world's leading commercial vehicle manufacturers, according to Chairman Dheeraj G Hinduja. In his address to shareholders in the company's Annual Report for 2024-25, he noted that the commercial vehicle and mobility sectors are undergoing profound transformation. Electrification is accelerating, even as alterna ...Read More >
New Delhi: Domestic passenger vehicle sales rose by 16% in March, elevating annual volumes to a record 4.7 million vehicles in the just-ended fiscal year, largely fuelled by enhanced affordability after tax cuts last September and introduction of several new models. Sales of cars, sedans, and utility vehicles rose 8.3% to 4.7 million units in FY26, from 4.34 million units the year before. The Centre cut the goods and services tax (GST) on passenger vehicles with effect from September 22. Companies cut prices in response to the reduced tax rate, making it more attractive for consumers to buy c ...Read More >
Mumbai: Buying a new vehicle in Maharashtra has become more expensive following recent changes to the Maharashtra Motor Vehicle Tax Act, 1958. The revised tax structure, introduced through the Maharashtra Motor Vehicle Tax (Amendment) Act, 2025, came into effect across the state on July 1, 2025. This amendment is expected to impact new vehicle buyers, especially those purchasing luxury and commercial vehicles. These changes will have a greater effect on the purchase of high-end cars, CNG/LNG vehicles, and goods carriers due to a significant increase in one-time tax rates. Additionally, the ne ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with natural-voice AI agents and deployed end-to-end social media pipelines capable of scaling global brand ...Read More >
As per the Memorandum of Understanding (MoU), the bank will provide competitive dealer finance options to the medium and heavy commercial vehicle company dealers, it said in a statement. Commercial vehicle maker Ashok Leyland on Monday said it has inked a pact with Punjab National Bank for dealer finance. As per the Memorandum of Understanding (MoU), the bank will provide competitive dealer finance options to the medium and heavy commercial vehicle company dealers, it said in a statement. The ...Read More >
The Commission said that the transport sector is a major contributor to pollution in the region and commercial vehicles, due to their long hours of operation and poor maintenance, pollute more than regular private vehicles. It stressed the need for a quick shift to zero-emission electric vehicles.No new petrol or diesel-powered vehicles will be allowed to be added to the fleets of cab aggregators, delivery companies and ecommerce firms operating in Delhi-NCR from January 1, 2026, the Commission f ...Read More >
Mahindra & Mahindra on Monday said its total sales increased 19 per cent year-on-year to 92,670 units in November. In the passenger vehicle segment, the company sold 56,336 vehicles in the domestic market, a growth of 22 per cent over 46,222 units in the year-ago period, Mahindra & Mahindra (M&M) said in a statement. The domestic sales for commercial vehicles stood at 24,843, a growth of 17 per cent year-on-year, it added. Mahindra & Mahindra's Farm Equipment Business reported sales of 42,273 tr ...Read More >
New Delhi: Indian prominent automobile manufacturer Mahindra & Mahindra on Wednesday announced that overall auto sales for March 2026 stood at 99,969 vehicles, marking a growth of 21 per cent including exports. Utility Vehicles domestic sales touched 60,272 units in March, up 25 per cent, while overall UV sales including exports reached 62,109 units. Domestic Commercial Vehicles sales for the month were 24,928, marking a growth of 11 per cent. The company reported year‑to‑date exports rising 18 per cent to 40,990, while total exports eased 4 per cent year‑on‑year to 3,968 vehicles in March. ...Read More >
Mumbai: Tata Motors has closed FY26 with strong momentum in its commercial vehicles business, as demand recovery in the second half lifted overall sales performance. Tata Motors recorded Q4 FY26 sales of 1,32,465 units, marking a 25 percent increase from the same period last year. As shown in the table on page 2, this growth reflects improved freight movement and rising customer confidence, making it the highest quarterly performance since Q4 FY21. In March 2026, total sales reached 47,976 units compared to 41,122 units a year earlier, registering 17 percent growth. Domestic commercial vehic ...Read More >
New Delhi [India], April 1 (ANI): India's leading automobile manufacturers reported strong sales momentum in March and the fourth quarter of FY2025-26, with companies such as Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Ashok Leyland and Eicher Motors registering growth across key segments, including SUVs, commercial vehicles and exports. The performance reflects continued demand for passenger vehicles and steady growth in commercial vehicle sales as the financial year closed on a positive note for the automotive industry. Also Read | NASA Begins Fueling Rocket To La ...Read More >
SWITCH Mobility launched two new electric city buses, the EiV12 for India and the E1 for Europe. The EiV12 boasts a scalable battery capacity exceeding 400 kWh, while both models share a common design. The company has already secured 1,800 orders and anticipates significant growth in the Indian electric bus market.SWITCH Mobility Ltd, a subsidiary of heavy commercial vehicle manufacturer Ashok Leyland, on Wednesday launched two low-floor electric city buses-EiV12 and E1-equipped with chassis-moun ...Read More >
Mumbai, Aug 14 (SocialNews.XYZ) Ashok Leyland on Thursday reported a sharp sequential drop in its consolidated net profit for the April-June quarter (Q1 FY26), with earnings falling 47.21 per cent to Rs 657.72 crore from Rs 1,245.92 crore in the previous quarter (Q4 FY25). Revenue from operations also declined 20.32 per cent to Rs 11,708.54 crore, compared to Rs 14,695.55 crore in Q4 FY25, according to its stock exchange filing. The company's total income fell in line with revenue to Rs 11,807.2 crore, down from Rs 14,817.18 crore in the preceding quarter. However, total expenses also dropp ...Read More >
New Delhi, Oct 16 (PTI) Commercial vehicle major Ashok Leyland on Thursday said it has bagged an order for 1,937 buses from Tamil Nadu State Transport Undertakings. So far, the company has supplied 21,000 buses to Tamil Nadu State Transport Undertakings (TNSTU). The order includes a diverse mix of fully built and chassis configurations tailored for town, mofussil, and SETC applications, Ashok Leyland said in a statement. Each vehicle is built on the latest AIS 153-compliant chassis platform, meeting the most recent Indian safety and performance regulations, it added. "Tamil Nadu has always ...Read More >
New Delhi [India], April 1 (ANI): India's export growth shall remain positive for most OEMs despite a hit on Middle East exports and container availability issues, as per a report by Nuvama Institutional Equities. "We maintain our constructive view on the automobile sector with healthy sales growth prospects for FY26-28E," the report said. The wholesale uptrend is expected to continue in Mar-26 despite production constraints. This momentum is largely driven by enduring positive customer sentiments spurred by "better affordability, new products and adequate finance availability." The two-whe ...Read More >
Srinagar: The Ministry of Road Transport and Highways has hiked toll charges for vehicles passing the Kaichachkoot Plaza on the Srinagar-Jammu National Highway in Pulwama district in the valley, evoking sharp reactions from transporters and daily private car owners in the valley. According to the notification issued by the MoRTH, the charges have been hiked by more than 50 percent for both commercial as well as private vehicles for the year 2026-27. This hike will be effective from today. Per the notification, the toll for a car, jeep, van or light motor vehicle for a single journey has been ...Read More >
Mumbai, Jun 30 (PTI) Domestic commercial vehicle (CV) industry is likely to see a 3-5 per cent year-on-year growth in wholesale volumes this fiscal, after logging a slight dip of 1.2 per cent in FY25, Icra said in a report on Monday. This growth is expected to be driven by resumption of construction and infrastructure activities and a steady economic environment, the ratings agency said in its latest report. Domestic CV wholesale volumes saw a miniscule 0.1 per cent increase in the previous month on a year-on-year basis, while sequentially it grew by around 1.6 per cent. However, in the firs ...Read More >
New Delhi: Commercial vehicle maker Ashok Leyland on Wednesday reported 5 per cent growth in total sales at 25,381 units in March 2026 as compared to 24,060 units in the same month last year. Domestic sales were up 5 per cent at 23,743 units as against 22,510 units in March 2025, Ashok Leyland said in a statement. Also Read: Kia India posts record March sales at 29,112 units; Q1 volumes rise 11.6% Sales of medium and heavy commercial vehicles in the domestic market were at 16,238 units as against 16,082 units in the year-ago month, a growth of 1 per cent, it added. Light commercial vehicle ...Read More >
Mumbai: Ashok Leyland on Thursday reported a sharp sequential drop in its consolidated net profit for the April-June quarter (Q1 FY26), with earnings falling 47.21 per cent to Rs 657.72 crore from Rs 1,245.92 crore in the previous quarter (Q4 FY25). Revenue from operations also declined 20.32 per cent to Rs 11,708.54 crore, compared to Rs 14,695.55 crore in Q4 FY25, according to its stock exchange filing. The company's total income fell in line with revenue to Rs 11,807.2 crore, down from Rs 14,817.18 crore in the preceding quarter. However, total expenses also dropped 16.62 per cent to Rs 10 ...Read More >
The order includes fully built buses and chassis for town, mofussil, and SETC operations, complying with the latest safety and performance norms. Ashok Leyland, among India's leading commercial vehicle manufacturers and the flagship of the Hinduja Group, on Thursday said that it has secured an order for 1,937 buses from the Tamil Nadu State Transport Undertakings (TNSTU). The company sees the order reinforcing its long-standing partnership with the state and its dominant position in the bus ind ...Read More >
New Delhi [India], April 3 (ANI): Wholesale volume prints for the month of March 2026 came in healthy, as passenger vehicle (PV) & Tractor space outperformed. A steady growth trend was witnessed in the two-wheeler (2W) and commercial vehicle (CV) space. "OEM wholesale sales volume for March 2026 came in healthy with PV & Tractors segments outperforming peers," according to an ICICI Direct Research report. It further noted that "FY26 ends on a high note with healthy growth across all vehicle categories making a new high in terms of total vehicles dispatched in a fiscal year," marking an increa ...Read More >
New Delhi [India], July 4 (ANI): The domestic automobile industry is expected to continue witnessing strong export growth across two-wheelers (2W), commercial vehicles (CV), and passenger vehicles (PV), while domestic sales are likely to remain show a mixed bag, according to a report by Axis Securities. In June 2025, the report stated that the overall domestic two-wheeler (2W) industry recorded a marginal 2 per cent uptick in wholesale volumes. Also Read | 'The Traitors India Season 1' Winners: Uorfi Javed and Nikita Luther Take Home Grand Prize of INR 70.5 Lakh by Beating Traitor Harsh Gujr ...Read More >
On the other hand, Bengaluru led home sales with 17991 units, followed by Pune with 16144 units and Thane with 15959 units. "Housing sales continued to moderate in the first quarter of 2026, with Delhi-NCR and Bengaluru emerging as outliers. This reduction is due to low supply across most cities. Close to 22,000 fewer units were supplied in Q1 2026 as compared to the same period last year," Samir Jasuja, founder and CEO, PropEquity, said. While Bengaluru led with 17,991 units sold, followed by ...Read More >
India Energy Week: RIL, Ashok Leyland unveil India's first hydrogen combustion engine technology for heavy-duty truck | Twitter Ashok Leyland, the leading commercial vehicle manufacturer and Indian flagship of the Hinduja Group, has been ranked No. 1 globally in Sustainalytics' ESG Risk Rating for the Heavy Machinery and Trucks sector in Q3 FY25. This recognition highlights the company's unwavering commitment to sustainability, which is a core principle of its corporate philosophy. Ashok Leyland's exceptional performance across key Environmental, Social, and Governance (ESG) parameters has e ...Read More >
As per the revised rates, the annual pass for non-commercial vehicles (200 trips) will now cost ₹3,075 instead of ₹3,000. Residents living within a 20-km radius of the toll plaza will have to pay ₹350 for a monthly pass for non-commercial vehicles. For cars, jeeps and vans, the one-way toll has been fixed at ₹225, while the return journey will cost ₹340. Light commercial vehicles, light goods vehicles and minibuses will be charged ₹365 for a single trip and ₹550 for a return trip. ...Read More >
SYNOPSIS: India's auto sector showed mixed performance in March 2026, with strong growth in SUVs and EVs, while export weakness and segmental variations highlighted evolving demand trends across manufacturers. March 2026 turned out to be a mixed yet eventful month for India's automobile sector, with performance varying across companies and segments. While several automakers reported strong year-on-year growth, particularly in SUVs and electric vehicles (EVs), others faced pressure from weaker exports and shifting demand patterns. The divergence highlights how domestic demand remains resilient ...Read More >