“This is a logical next step following the demerger of the Tata Motors Commercial Vehicle business and will allow the combined group to compete on a truly global basis, ......"

Vietnam’s market for commercial vehicles over 2 tons gvw continued to recover strongly in the second quarter of 2025, with sales rising by 31% to 20,490 units from a weak 15,606 units a year earlier.

he Thai market for commercial vehicles over 2 tons gvw is estimated to have declined by a further 21% year-on-year to 40,051 units in the second quarter of 2025.

Terberg KCL will distribute vehicles produced locally through the Terberg Tractors Malaysia joint venture with Sime Darby Industrial.

The Indonesian market for commercial vehicles over 2 tons gvw declined by 12% to 27,007 units the second quarter of 2025, following a 10% fall to 30,717 units in the same period of last year.

"India's construction and mining sector continues to be one of our strongest business pillars, powering the next phase of national development. We're seeing a decisive shift as large contractors invest in owned assets for better control and long-term returns." Satyakam Arya, Managing Director and CEO of Daimler India Commercial Vehicles.

Blin will remain with the Volvo group as a senior advisor.

This rollout comes as India prepares for the government mandate requiring all N2 and N3 category trucks manufactured from October 1, 2025, to feature air conditioned cabins.

The trucks are to be manufactured at Mahindra’s state-of-the-art facility in Chakan, Maharashtra.

Announced at IAA Mobility, the strategic partnership between MAN and TUM is intended to promote innovation and strengthen Munich’s position as a global centre for research and development.

Nevertheless, the company is also investing time and resources in decarbonising combustion engines, and to this end it recently acquired SEM, whose expertise in ignition systems will support Phinia’s research and development into alternative fuels such as hydrogen.

According to Sono Motors, the public listing will support the further growth of the business by “enhanc[ing] liquidity”, attracting a “broader and more diverse investor base”, and boosting the company’s visibility.