Commercial Vehicle

Tata Motors said its CV business will be 'stepping up the pace now', setting sight on a 40% market share by 2027 with teen EBITDA margin. Commercial vehicles at Tata Motors could see a proactive investment in decarbonisation along with software defined vehicles (SDVs).

Mizoram commercial vehicle union withdraws plan for indefinite strike

Leaders of MCVU last week met Chief Minister Lalduhoma who asked them to wait for the cabinet meeting to be held on October 16

Davos 2024: Mahindra and Mahindra to shift 30% of production to EVs by FY27, says CEO Anish Shah

The firm is on track to launch around five electric SUV models by December and will make a million EVs in India by FY30, Shah has said

Commercial vehicle segment set for growth with expanding economy: VECV MD

He noted in the first seven months (April-October), the heavy duty truck segment has grown by 15 per cent.

Discovery Series: Ride this auto ancillary gem to leverage the CV industry upcycle

There are several factors that should boost the company’s growth prospects and the stock is now trading at a reasonable valuation

Suryoday SFB aims to ramp up commercial vehicle loans, double portfolio size over next few quarters: MD and CEO

Currently, the bank has a commercial loan portfolio of Rs 50 crore; it is looking to partner fintechs and NBFCs for growth and to improve asset quality.

Mahindra makes foray into dual-fuel small commercial vehicle segment with Supro CNG Duo

The model can run on both CNG and petrol.

Commercial vehicle industry volumes to see 7-10% growth in FY24: Icra

The volume growth would be on account of government infrastructure spending, replacement demand, back-to-school and office scenarios and e-commerce expansion, it noted.

Ola Electric sells 1.5 lakh EV scooters in 2022, eyes expansion in export markets

In 2022 Ola Electric scaled up its premium scooter, the Ola S1, and completed the electrification of the premium scooter market (priced at more than Rs 1,00,000) in 1 year.

Tata Motors to hike commercial vehicle prices by up to 2% from January

While the price increase will vary as per individual model and variant, it will be applicable across the entire range of commercial vehicles, the auto major said in a statement.

Overall CV volume to reach close to 1-million units by FY24: Report

The report by credit ratings agency Fitch Ratings also expects growing demand and the resultant rise in operating leverage to boost the profitability of the domestic CV-focused original equipment manufacturers after FY22, despite elevated production costs.

Wheels India keeps capex plan on course

The company sees clear opportunities, customer demand; also, China de-risking strategy of global companies with cast aluminium business has been an opportunity

Commercial vehicle prices to go up in Delhi as govt mulls hiking road tax

The proposal for raising road tax on specific categories of vehicles has been forwarded by the transport department to the finance department, they claimed.

Automobiles continue bumpy pandemic ride as retail sales down 9% in February

Sales fell 20.65% from February 2020, going by Federation of Automobile Dealers Associations

Ashok Leyland expects turnaround in CV business, eyes 30% market share in FY23

The Chennai-based company is also betting on the overall improvement in the economic situation and gradual easing of supply chain issues to cross 30 per cent of the overall market share in the commercial vehicle (CV) segment in 2022-23.

Delhi govt allows electric light commercial vehicles on 250 roads during no-entry hours

Delhi Transport Minister Kailash Gahlot also said that the transport department will empanel manufacturers of electric kits for retrofitting of conventional internal combustion engines to electric ones.

Ideas For Profit | Sansera Engineering

In an ongoing spree of IPOs, Sansera Engineering opened for subscription on September 14. The issue size, at the upper end of the price band of (Rs 734- Rs 744), is Rs 1,283 crore. The entire issue is an offer for sale from promoters and promoter group. In this video, we outline the key strengths and risks facing the company to help you decide whether to subscribe or not

Ideas For Profit | Tata Motors

With a significant reduction in fresh Covid-19 cases, Tata Motors’ management highlighted that demand is coming back sharply and the second half should see significant demand growth. Encouraged by the economic resilience seen after the first wave of the pandemic, the management is confident of a quick revival this time as well.

Ideas For Profit | Subros: Proxy play on cars and CV demand recovery

The fortunes of Subros are directly linked to the growth of the passenger vehicle industry. Though the first quarter of FY22 is expected to be impacted by the second wave of COVID, the outlook for the remaining fiscal seems encouraging. The company management has indicated that the demand is expected to pick up post-easing of lockdown restrictions in various states. At the current valuation of 17.9 times FY23 projected earnings, the stock looks attractive.

Ideas For Profit | Is Sona BLW Precision Forgings’ IPO worth betting on?

After a two-month hiatus, a compelling IPO from Sona BLW Precision Forgings has opened for subscription from today. The issue size at the upper end of the price band (of Rs 285 - Rs 291) is Rs 5,550 crore, of which Rs 300 crore is fresh issue. The remaining Rs 5,250 crore is an offer-for-sale from Blackstone Private Equity. Though the IPO has been priced at elevated levels, we advise investors to subscribe for long-term, given the massive growth opportunities and stellar operating performance.

Ideas For Profit | Minda Corp: Why this auto ancillary stock is still a favourite

Minda Corporation posted a stellar set of numbers for the final quarter of FY21. A sharp recovery in demand post COVID-related lockdown for PVs and two-wheelers, increase in content per vehicle due to BS VI and growth driven by new focus areas make us upbeat about the prospects of the company. Moreover, the company’s strong order book and the robust product portfolio add to our confidence. The stock is currently trading at an attractive valuation of 15.3 times FY23 projected earnings. Karunya Rao tells us why investors can bet on this stock for the long haul.

Ideas for profit | Craftsman Automation post listing: Good for long term or time to exit?

Craftsman Automation is a leading engineering company. Its shares got listed on the bourses at Rs1,359, which was at an 8 percent discount to the upper end of the IPO price band. The weak listing was also due to poor market sentiments. However, the demand picked up post listing and price is up 4 percent from the listing price. Watch the video to know whether investors should look at buying the stock at the market price or sell the share they got from the IPO allocation?

Kailash Gahlot asks commercial vehicle owners to convert half of their fleet to electric

The minister also urged commercial vehicle owners to move from conventional to fully electric vehicle fleets under the 'Switch Delhi' campaign by 2025.

Commercial vehicle sales in India may take longer to recover than expected: Ind-Ra

The light commercial vehicles (LCVs) segment has started to recover as they provide last mile connectivity and because of increased e-commerce activities but medium and heavy commercial vehicle (MHCV) sales are unlikely to recover before the fourth quarter of 2021-22, it said.

Piaggio Vehicles launches online sales facility for commercial vehicles

The new sales initiative, which the company claims is first-of-its-kind in the CV sales space, comes nearly a month after Piaggio Vehicles Private Limited (PVPL) rolled out a digital platform for its Vespa and Aprilia brands of scooters.