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DICV extends application range of BharatBenz trucks with new BharatBenz-badged Cummins' engine

By RACE Innovations Pvt Ltd – 10th December 2024

The new truck with the Cummins-derived engine is believed to be the first of global engine partnership between Daimler and Cummins for medium duty engines at Euro VI and beyond.

India’s government launches USD1.3bn funding budget to aid transition to electric vehicles

By RACE Innovations Pvt Ltd – 9th December 2024

The budget is aimed at incentivizing around 28.81 lakh electric vehicles over the next two years!

India

Transmissions

Agreement

RSB Transmissions receives backing from Bain Capital for global expansion

By RACE Innovations Pvt Ltd – 8th December 2024

India

Investment

Transmissions

Allison plans investment of USD100m+ in Chennai plant to boost automatic transmission output to meet global demand

By RACE Innovations Pvt Ltd – 7th December 2024

Premium Article

Sales of bus and coach models in India surge in first half of 2024/25

By RACE Innovations Pvt Ltd – 6th December 2024

Vehicle production also saw a rise of 13.8% in the first half of FY 2024-25.

Bus & Coach

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Premium Article

Sales of light-duty buses and coaches in India remain steady during first half of year

By RACE Innovations Pvt Ltd – 5th December 2024

Production saw a more significant decrease of 13.7%, dropping from 37,014 units to 31,938 units.

India

Statistics

Registrations

Premium Article

Rigid truck market slides 8% in first half of fiscal year 2024/25

By RACE Innovations Pvt Ltd – 2nd December 2024

Medium and heavy rigid truck (7.5t GVW and above) sales slipped by 8% to 108,018 units from 117,351 units in the same period of FY2023.

India

Product

AI, Digitalisation & Robotics

KPIT Technologies to launch generative AI solutions for the automotive industry in India within the next six months

By RACE Innovations Pvt Ltd – 20th September 2024

Generative AI is a type of artificial intelligence used to create entirely new solutions within a specific field.

India

Agreement

Distribution & Aftermarket

Ashok Leyland inaugurates new dealerships in northern India through partnership with TVS

By RACE Innovations Pvt Ltd – 19th September 2024

India

Wheels & Tyres

Product

Michelin India unveils MICHELIN X Multi Energy Z+ tyre range

By RACE Innovations Pvt Ltd – 18th September 2024

India

Agreement

Mergers & Acquisitions

Steering Systems

Rane Holdings to buy remaining 51% stake in steering system JV from partner

By Jim Gibbins – 17th September 2024

Truck & Van

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Premium Article

LCV truck market dips 5% in first half of the year

By Jim Gibbins – 4th December 2024

Production decreased by 8.7%, while exports saw sales improve by 8.6%.

India

Statistics

Registrations

Premium Article

Tractor sales decline modestly in first six months of fiscal year 2024/25

By RACE Innovations Pvt Ltd – 3rd December 2024

Tractor production decreased by a greater percentage of 9.9%, falling from 33,269 units to 29,985 units.

REE enters global manufacturing agreement with Motherson

By Bradley Osborne – 4th October 2024

With Motherson’s network and free capital raised through a new funding round, REE intends to scale up production of its ‘REEcorner’ electric drive modules and its ‘P7’ battery electric trucks.

India

Investment

Distribution & Aftermarket

Mahindra launches mileage fuel consumption guarantee for entire range of Bharat Stage VI trucks

By RACE Innovations Pvt Ltd – 23rd September 2024

India

Investment

Distribution & Aftermarket

Mahindra’s Truck and Bus Division adds five new dealerships in four states in just one month

By RACE Innovations Pvt Ltd – 22nd September 2024

India

Investment

Wheels & Tyres

CEAT looks to invest USD120m to expand CV tyre production capacity by 45,000 tyres a month

By RACE Innovations Pvt Ltd – 16th September 2024

Trailer

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India

R&D

SAF-Holland opens software R&D facility in Pune, India

By Bradley Osborne – 18th September 2024

The new R&D facility is located in Pune, Maharashtra, near a major production site where SAF-Holland manufactures trailer axles and suspensions under the ‘York’ brand.

Italy

India

Mergers & Acquisitions

Axles & Suspensions

SI Airsprings acquires Italy’s Roberto Nuti Group

By RACE Innovations Pvt Ltd – 3rd September 2024

The acquisition is expected to leverage the expertise of the Roberto Nuti Group to enhance SI Airsprings product offerings as well as strengthen its global market position.

India

Strategy/Policy

ADAS & Safety Systems

Transmissions

Free Article

ZF CVS India looking to drive revenues through increased market adoption of advanced vehicle systems

By RACE Innovations Pvt Ltd – 27th June 2024

ZF India is implementing its 2021 REFRESH INDIA strategy, which focuses on offering next generation mobility solutions through the combination of the ZF technologies, as well as new emerging ACE technologies - Autonomous, Connected and Electrification.

India

Electrical Systems & Components

Investment

Manufacture

Lumax Industries starts production ahead of schedule at new lighting products plant in Pune

By RACE Innovations Pvt Ltd – 28th December 2023

Lumax is anticipating a surge in demand for its products, as several OEMs, it says, are focusing heavily on the transition to electric vehicles.