Ashok Leyland, the Indian flagship of Hinduja Group and the country’s leading commercial vehicle manufacturer, signed a memorandum of understanding (MoU) with Indian Bank to provide finance facilities for its M&HCV dealers.

Through the cooperation, Ashok Leyland's M&HCV dealers will have easier access to finance solutions, enabling them to improve company operations and effectively manage their working capital. Dealers may grow their operations with ease thanks to Indian Bank's customised financing alternatives, which offer better liquidity, quicker loan approvals and competitive interest rates. This partnership underscores Ashok Leyland's dedication to empowering its dealer network and promoting sustainable growth in the commercial vehicle sector by guaranteeing increased financial flexibility.

C Neelakantan, Head of Treasury and Direct Taxation at Ashok Leyland, and Saurabh Dalmia, Head of Cash Management at Indian Bank, signed the MoU in the presence of Madhavi Deshmukh, National Sales Head of MHCV at Ashok Leyland, Ashutosh Choudhury, Executive Director, Roopali Singh, DGM-CMS Vertical, and Munash Dalal, AGM-CMS Vertical, who were representatives from Indian Bank.

Balaji K M, CFO, Ashok Leyland, said, “Ashok Leyland is delighted to partner with Indian Bank to offer customised finance solutions to our valued M&HCV dealers. With Indian Bank’s expansive network of 5,880 branches across India, we can cater to our dealers in every region. This strategic partnership will strengthen Ashok Leyland's market position. We remain committed to delivering exceptional experiences to our customers.”

Madhavi Deshmukh, National Sales Head – MHCV, Ashok Leyland, said, “The strategic collaboration with Indian Bank will deliver exceptional financing solutions to our valued dealers, extending our market reach and reinforcing our commitment to innovation and partner success. This partnership will provide tailored financing solutions designed to meet the unique requirements of our dealers. We remain dedicated to fostering long-lasting relationship with our dealer network.”

Ashutosh Choudhury, Executive Director, Indian Bank, said, “Indian Bank is pleased to partner with Ashok Leyland to provide their dealers seamless and tailored financing solutions. This collaboration reaffirms our commitment to supporting the diverse financial requirements of businesses in the commercial vehicle sector. With Indian Bank’s best-in-class processes, we are confident that more dealers will benefit from this partnership, enabling them to scale their operations and drive business growth.”

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Montra Electric has flagged off the first batch of 65 Rhino 5538 EV trucks from its manufacturing facility in Manesar. This deployment is part of an order for 260 vehicles and represents a transition toward the use of electric trucks for heavy freight transportation in India.

The trucks are intended for use in sectors such as cement, steel, infrastructure, construction and mining. The deployment aims to support the creation of electrified freight corridors.

Jalaj Gupta, Managing Director, Montra Electric (TI Clean Mobility), said, "India's heavy freight ecosystem has reached an important inflection point. Customers today are making electric trucks a part of their mainstream logistics operations rather than evaluating them through limited pilots. This shift is driving commercial-scale production at our Manesar facility, and we are proud to be supporting leading enterprises with products that combine performance, reliability and sustainability. Our focus remains on building an ecosystem that enables customers to transition confidently towards zero-emission freight."

Navneet Sethi, CEO – eMHCV, Montra Electric (IPLTech Electric), said, "The conversation around electric trucking has fundamentally changed. Fleet operators are now asking how quickly they can scale, not whether the technology works. These are the most demanding freight applications, requiring uncompromised performance, high uptime and dependable operating economics. Rhino has been engineered precisely for these requirements, delivering a compelling combination of productivity, efficiency and lower total cost of ownership. With manufacturing now ramped up, we are well positioned to support the growing demand from customers across India's industrial sectors."

The Rhino 5538 EV includes an electric powertrain and telematics. Montra Electric is scaling its production and service network to support further deliveries of the remaining vehicles.

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French automotive major Renault has announced updates to its Master van range, following the vehicle's performance in the European large van segment in early 2026. The company is introducing modifications to the cabin, safety systems and battery technology across its internal combustion (ICE) and electric models.

The interior now features a redesigned centre console, which provides 90 mm of additional space to improve movement between the cabin and loading area and increase legroom for the middle passenger. Hands-free access and start-up have also been added to improve daily usability.

In terms of safety, the range is now fitted with a driver attention monitoring camera and an electric parking brake with Auto Hold on all front-wheel-drive versions. Electric and automatic models include adaptive cruise control and an enhanced digital instrument cluster.

The E-Tech electric range now features a new battery produced in France. While the capacity remains at 87 kWh, the battery uses mid-nickel chemistry to improve thermal management and charging performance.

Renault is also introducing bidirectional charging, with Vehicle-to-Grid (V2G) compatibility expected to arrive in September 2026. Furthermore, a new chassis-cab version with a 40 kWh battery has been added to the range for urban use.

To assist business users, the vehicle includes a 220V socket in the cabin and loading area, providing 3,500W of power for tools. Renault has also incorporated 20 percent recycled plastic, sourced from end-of-life vehicles, into the dashboard.

Frederic Clermont, VP, LCV Product & Revenue, Renault, said, "For nearly 50 years, Renault Master has supported business customers in their day-to-day activities. Voted ‘Van of the Year’ in 2025, the fourth-generation Renault Master gains new versions and features, along with a redesigned more functional dashboard. This new dashboard contains 20 percent of recycled plastic sourced from end-of-life vehicles through our subsidiary ‘The Future is NEUTRAL’. With a wide variety of products and full range of vehicles ‘converted by Renault’ directly at the plant, Renault Master became Europe's leading large van in early 2026."

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Piaggio Vehicles, one of the leading two-wheeler and three-wheeler manufacturers, has expanded its electric passenger portfolio with the launch of the Ape WavE L3 electric three-wheeler at INR 255,000 (ex-showroom Pune).

The Ape WavE is powered by a 5.4 kWh battery, a 3 kW motor and provides 25 Nm of torque. It reaches a top speed of 40 kmph, features 19 percent gradeability and offers a certified range of 140 km and a claimed real-world range of 110 km. The charging time for the electric three-wheeler is said to be 3 hours and 45 minutes.

The electric three-wheeler features a monocoque chassis & metal body and ground clearance of 180 mm.

Diego Graffi, Chairman & MD, Piaggio Vehicles, said, “India’s electric mobility landscape is evolving rapidly, particularly in the passenger three-wheeler category where customers are looking for dependable and economically viable solutions. With the Ape WavE, we are introducing a product that has been developed specifically to meet the needs of drivers seeking affordable ownership along with superior comfort, safety, and operational reliability. The vehicle reflects our understanding of Indian mobility requirements and reinforces our commitment towards sustainable transportation and livelihood generation across the country.”

Amit Sagar, Executive Vice-President CV Domestic Business and Retail Finance, Piaggio Vehicles, added, “The passenger EV segment continues to witness strong demand, particularly in markets where shared mobility and short-distance transportation play an important role in daily commuting. The Ape WavE has been designed to offer customers an ideal balance between acquisition cost, operational savings, and passenger experience. With robust build quality, low maintenance requirements, strong ride comfort, and trusted Ape reliability, the vehicle is expected to create a strong value proposition for drivers and fleet operators alike.”

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Mumbai-headquartered automotive major Mahindra Tractors has launched its latest product offering the YuvoTech+ 585 DI V1 in 2WD and 4WD options.

The tractor is powered by a mBULL engine and features a 12F + 3R transmission system, Multi-Speed PTO and a SLIPTO dual-clutch mechanism. It includes a hydraulic system for implements and is designed with power steering and an operator platform.

Harsh Rai, CEO, Mahindra Tractors, said, "We are proud to launch the YuvoTech+ 585 DI V1 across India following its successful introduction in select markets. Built on our fast-growing YuvoTech platform, this tractor combines advanced technology with robust performance and practical features. Its strong acceptance highlights our commitment to delivering quality, durability, and long-term value to farmers. With this nationwide rollout, we aim to empower farmers with a reliable and adaptable solution for their evolving needs."

The tractor is sold with a 6-year warranty through Mahindra dealerships across India.

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