Action Construction Equipment (ACE), a leading supplier of off-highway and construction equipment, has announced its highest-ever annual and quarterly sales and profits for FY2025.

The company reported revenue of INR 34 billion in FY2025, up 14.47 percent YoY, EBITDA margin at 17.5 percent, and profit after tax of 4.09 billion, up 25 percent YoY.

ACE attributed this impressive margin expansion to operational leverage, an optimised product mix and effective cost control measures.

The Cranes, Material Handling & Construction equipment division played a pivotal role in this success, with volumes growing by 14.75 percent YoY and revenue increasing by 15.7 percent YoY.

Sorab Agarwal, Executive Director, ACE, stated that India continues to stand out as the fastest-growing major economy. Despite prevailing global uncertainties, the country’s GDP is projected to grow at a steady pace of around 6.5 percent. “This momentum is underpinned by strong macroeconomic fundamentals – including easing inflation and a supportive monetary stance by the Reserve Bank of India. Resilient domestic consumption, alongside the government’s sustained emphasis on capital expenditure, remains a key driver of economic growth. However, external risks persist in the form of rising trade barriers, disrupted global supply chains and ongoing geopolitical tensions.

India is now positioned as the world’s fourth-largest economy and we are confident in the country’s ability to emerge as a global sourcing hub for goods and services. Our robust industrial capabilities, skilled workforce, and rapidly advancing infrastructure place us in a strong position to cater to global demand with both efficiency and excellence.”

In a landmark achievement for the quarter, ACE secured its largest-ever single order, valued at INR 4.2 billion, to supply 1,121 Rough Terrain Fork Lift Trucks (Telehandlers) and associated accessories to the Indian armed forces.

Comments (0)

ADD COMMENT

Link Copied!

Ashok Leyland has bagged an order for 250 modern trucks from Patanjali Parivahan Private Ltd. The development marks a significant step as the truck maker delivers the first batch of 25 trucks of 1916 model to the North Indian logistics player that has a fleet of approximately 1,000 trucks. 
Speaking about the development, Sanjeev Kumar, President – MHCV, Ashok Leyland, mentioned, “We are thrilled to deliver the first batch of 1916 haulage trucks to Patanjali Parivahan Private Ltd. This partnership reflects their trust in our brand and products, reinforcing our commitment to meeting the evolving needs of customers in the dynamic commercial vehicle sector. Our relationship with Patanjali began in 2014 with the addition of 20 trucks, marking the foundation of a strong and growing collaboration. As Ashok Leyland continues to expand and lead in the commercial vehicle industry, collaborations like these pave the way for a more efficient and progressive logistics sector. The company remains committed to pushing the boundaries of innovation and offering cutting-edge technologies and outstanding customer experience.”
Ram Bharat, Founder, Patanjali Parivahan Pvt Ltd, said, “We have complete trust in the quality and performance of Ashok Leyland trucks. Their outstanding after-sales support ensures seamless operations for us, while their growing service network further enhances our capabilities. This delivery represents more than just new trucks—it signifies a deepening partnership aimed at advancing logistics efficiency. With Ashok Leyland’s dedication to innovation and our forward-thinking approach to transportation, we look forward to continued success on the road.”
 

Comments (0)

ADD COMMENT

Link Copied!

Chennai-headquartered commercial vehicle major Ashok Leyland has bagged a order to deliver 250 trucks to Patanjali Parivahan, a key logistics player in North India.

At present, Patanjali Parivahan has a fleet of around 1,000 trucks and has placed a significant order to Ashok Leyland. The CV maker has initially supplied the first batch of 25 units of 1916 haulage trucks to the company.

The first batch of deliveries was done by Sanjeev Kumar, President – MHCV, Ashok Leyland, who handed over the keys to Ram Bharat, Founder, Patanjali Parivahan, in the presence of senior executives from both organisations.

Sanjeev Kumar, President – MHCV, Ashok Leyland, said, “We are thrilled to deliver the first batch of 1916 haulage trucks to Patanjali Parivahan. This partnership reflects their trust in our brand and products, reinforcing our commitment to meeting the evolving needs of customers in the dynamic commercial vehicle sector. Our relationship with Patanjali began in 2014 with the addition of 20 trucks, marking the foundation of a strong and growing collaboration. As Ashok Leyland continues to expand and lead in the commercial vehicle industry, collaborations like these pave the way for a more efficient and progressive logistics sector. The company remains committed to pushing the boundaries of innovation and offering cutting-edge technologies and outstanding customer experience.”

Ram Bharat, said, “We have complete trust in the quality and performance of Ashok Leyland trucks. Their outstanding after-sales support ensures seamless operations for us, while their growing service network further enhances our capabilities. This delivery represents more than just new trucks—it signifies a deepening partnership aimed at advancing logistics efficiency. With Ashok Leyland’s dedication to innovation and our forward-thinking approach to transportation, we look forward to continued success on the road.”

Comments (0)

ADD COMMENT

Link Copied!

Mumbai-based electric commercial vehicle start-up Astro Motors has launched marked its entry in the L5 cargo and passenger segment with Navya and Nova e-three-wheelers respectively.

The company claims it is India's first company to introduce a geared electric commercial three-wheeler. While the technical specifications has not yet been revealed, the company said its electric three-wheeler offerings are currently undergoing homologation with a launched plan for July 2025. Going forward, it also has outlined an ambition to unveil a four-wheeler modular skateboard chassis by early FY2026. The plan is to license the platform and powertrain to other OEMs.

The start-up has a manufacturing unit in Chakan, Pune and recently component supplier Remsons Industries acquired a 51.01 percent stake in Astro Motors.

Vitan Jagada, Founder & CEO, Astro Motors, said, "Targeting both B2B and B2C markets, we envisage rapid domestic scaling via fleet partnerships and a wide distribution network. We are also looking at expansion into emerging global markets like Africa, Southeast Asia and Latin America, before entering mature economies.”

The start-up recently signed up dealers and financial partners in key markets such as Pune, Bhavnagar and Jammu with 5 more being signed on across key centres in Uttar Pradesh, Delhi NCR and Maharashtra. Its strategic financial partnerships include MUFIN Greenfinance, RiseWise Capital and Perpetuity Capital.

Comments (0)

ADD COMMENT

Link Copied!

VE Commercial Vehicles (VECV) has inked a Memorandum of Understanding (MoU) with Statiq, a leading EV charging solutions provider, to drive adoption of its electric vehicle offerings, starting with the Eicher Pro X range of Small Commercial Vehicles.

As per the understanding, Statiq is set to become one of VECV’s preferred EV charging network partners, wherein it will provide access to its growing network of over 8,000 charging points on it’s aggregated platform across the country. The partners will also integrate Statiq’s extensive network with My Eicher app, an industry-first connected fleet management solution, to provide real-time visibility of charging stations, intelligent navigation assistance and tariff transparency. VECV customers will also benefit from promotion offers and preferential tariffs.

Abhishek Chaudhary, SVP, Sales & Marketing, Small Commercial Vehicles, VECV, said, “Our partnership with Statiq marks a significant step forward in strengthening the EV ecosystem for commercial transportation in India. By offering an integrated solution to customers through the industry leading MyEicher App, we aim to deliver a hassle-free and reliable experience to our customers. This collaboration will also empower Eicher Pro X electric customers with enhanced convenience, confidence, and operational efficiency, accelerating the shift towards sustainable transportation.”

Akshit Bansal, CEO & Founder, Statiq, said, “Our partnership with VE Commercial Vehicles is a milestone in our journey to create a strong and efficient EV charging ecosystem for commercial vehicles in India. By integrating our expansive charging network with VECV’s MyEicher, we aim to provide users with a seamless, tech-driven charging experience that removes barriers to EV adoption. With this initiative, we are committed to enabling a smoother, faster transition to electric mobility for commercial vehicle operators.”

The partners also to setup a robust support ecosystem, which includes call centre access, service ticket management, troubleshooting, repairs and ongoing maintenance services to ensure uninterrupted vehicle operations. A dedicated Point of Contact (POC) system will also be implemented under shared responsibility.

Comments (0)

ADD COMMENT

Link Copied!