Truck & Bus Builder

Mergers, Acquisitions & Disposals

Agreement

Free Article

Tata Motors to buy Iveco Group

By Jim Gibbins – 31st July 2025

‘Completion of the offer is conditional on the separation of Iveco Group’s defence business’

Exhibitions & Conferences

Ceres-Shell megawatt hydrogen demonstrator begins production in India

By Luke Willetts – 24th July 2025

This project is significant because it brings cost-effective green hydrogen closer to commercial reality, with Ceres still targeting a production cost of USD 1.5/kg by 2025.

JBM enters the European electric city bus market with the debut of the Eco-Life e12 at UITP 2025

Germany

JBM enters the European electric city bus market with the debut of the Eco-Life e12 at UITP 2025

By Luke Willetts – 9th July 2025

Uno Minda Board approves around USD50 million for EV Powertrain Project

Electric Drive

Uno Minda Board approves around USD50 million for EV Powertrain Project

By RACE Innovations Pvt Ltd – 30th June 2025

Order

Ashok Leyland secures big bus order from Tamil Nadu State

By RACE Innovations Pvt Ltd – 29th June 2025

Bus & Coach

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Prototype, Testing & Trials

Fuel Cell Electric

India launches heavy-duty hydrogen truck and coach trials

By RACE Innovations Pvt Ltd – 27th June 2025

A total of 37 vehicles, including H2 fuel cell and combustion engine-powered coaches and trucks, will be deployed on 10 different routes across the country.

Manufacture

Switch Mobility (India) to invest USD60 million in UK holding company

By RACE Innovations Pvt Ltd – 26th June 2025

The investment is scheduled for the fourth quarter of FY2025-26 and is aimed at supporting the ongoing capital expenditure and growth plans of Switch Mobility.

Wheels & Tyres

JK Tyre secures USD100 million sustainability-linked loan from IFC

By RACE Innovations Pvt Ltd – 25th June 2025

This initiative aims to promote energy-efficient tyre manufacturing, strengthen domestic supply chains, and create employment opportunities, says JK Tyres.

Strategy/Policy

Rane looks to sell off non-core assets to improve asset utilisation

By RACE Innovations Pvt Ltd – 24th June 2025

Order

VECV wins major order of 1,663 buses from UPSRTC

By RACE Innovations Pvt Ltd – 23rd June 2025

Premium Article

Light-duty buses domestic sales up 5.9% in FY 2024/25

By RACE Innovations Pvt Ltd – 20th June 2025

Truck & Van

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Premium Article

Light-duty truck sector dips 2.8% in FY 2024-25

By RACE Innovations Pvt Ltd – 18th June 2025

Sales of LCV goods carrier (truck) vehicles (gvw ≤ 7.5t) fell by 2.8% to 528,045 units in FY 2024/25 from 543,008 units in FY 2023/24.

Premium Article

Tractor sales dip 2.2% in FY 2024/25

By RACE Innovations Pvt Ltd – 17th June 2025

Total tractor sales slipped 2.2% during FY 2024/25 to register 67,574 units compared with 69,115 units in the previous year (FY2023/24).

Premium Article

Indian rigid truck market slips 4.4% in FY2024/25

By RACE Innovations Pvt Ltd – 16th June 2025

Sales of medium and heavy rigid trucks (7.5t gvw and above) experienced a degrowth of 4.4% to 239,847 units in FY 2024/25 from 250,969 units in the financial year 2023/24.

Battery Electric

Free Article

Motherson to make further investments in REE Automotive

By RACE Innovations Pvt Ltd – 16th June 2025

Order

Truck

Olectra wins order for 297 e-buses for the mountainous region of Himachal Pradesh

By RACE Innovations Pvt Ltd – 15th June 2025

Premium Article

Steady tractor sales continue into the fourth quarter of 2024/25

By RACE Innovations Pvt Ltd – 13th June 2025

Trailer

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Mergers, Acquisitions & Disposals

Joint Venture

SAF-Holland acquires outstanding stake in Haldex joint venture with Anand Group

By Bradley Osborne – 8th May 2025

SAF-Holland said that taking over Anand’s portion in the Haldex joint venture will simplify the localisation of the entire Haldex product portfolio in India.

Manufacture

JCBL expands JML’s Oragadam facility to boost tipper and tanker rigid truck and trailer body production

By RACE Innovations Pvt Ltd – 5th April 2025

The facility is to be extended/expanded in two phases: The first phase is to add 60,000 square feet of production space to the existing 100,000-square-foot facility.

Brakes & Braking Systems

ZF CVS India makes new ESC test track in Chennai available to all

By RACE Innovations Pvt Ltd – 27th March 2025

This new test track is for testing vehicle braking and is specifically for testing Electronic Stability Control (ESC) systems.