Ashok Leyland Collaborates With Indian Bank To Provide Finance Facilities For M&HCV Channel Partners
- By MT Bureau
- April 07, 2025
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.”
Ashok Leyland To Supply 200 Trucks To Instant Transport Solution
- By MT Bureau
- June 27, 2025
Chennai-based commercial vehicle major Ashok Leyland has bagged an order to deliver 200 trucks to Instant Transport Solution, a key express logistics player in India.
Instant & XP India, is a leading express logistics player in e-commerce, FCL, LCL and 3PL space, is one of the fastest-growing integrated logistics businesses in India.
It currently operates a fleet of around 2,100 trucks and has placed a substantial order of 200 units of Ashok Leyland’s trucks. The first batch of 100 units of 1916 single axle and 2820 multi-axle haulage trucks were delivered, marking the beginning of this extensive fleet expansion.
Sanjeev Kumar, President – MHCV, Ashok Leyland, handed over the keys to the first batch of 100 trucks to Rajbir Singh Chaudhary, Chairman, Instant Transport Solution, in the presence of senior executives from both organisations.
Sanjeev Kumar, said, “We are delighted to deliver the first batch of 1916 single axle and 2820 multi-axle haulage trucks to Instant Transport Solution. This order underscores the confidence customers place in our robust, innovative and reliable vehicles. As we continue to push the boundaries of technology and customer experience, collaborations like these will help shape a more efficient, future-ready logistics sector.”
Rajbir Singh, 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.”
Mahindra Bolero Pik-Up HD 1.9 CNG Launched At INR 1.11 Million
- By MT Bureau
- June 26, 2025
Mumbai-headquartered automotive major Mahindra & Mahindra has launched its all-new Bolero MaXX Pik-Up HD 1.9 CNG small commercial vehicle (SCV) at INR 1.11 million (ex-showroom). The new model expands the company’s popular Bolero Pik-Up brand.
The Bolero MaXX Pik-Up HD 1.9 CNG comes with a 2.5-litre turbocharged CNG engine, delivering 61 kW power, 220 Nm of torque @ 1,200-2,200 rpm and a payload capacity of 1.86-tonne. The SCV is specifically designed for long-distance operations and offers a claimed range of up to 400 km on a single CNG fill, supported by its 180-litre tank capacity. The SCV comes with a 5-speed manual gearbox and power steering.
In terms of connectivity, the Bolero MaXX Pik-Up HD 1.9 CNG is the company’s first CNG pickup offering with iMAXX telematics solution tech, providing fleet operators complete overview of the vehicle performance.
The SCV comes with air conditioning and heating systems for all weather driving, as well as a height-adjustable driver seat for ergonomic support.
The cargo bed designed to support diverse customer needs measures 3050 mm in length. Complementing the vehicle are the 16-inch tyres and durable leaf spring suspension on both front and rear axles.
Mahindra Launches Furio 8 LCV Trucks In 4-Tyre & 6-Tyre Cargo Variants
- By MT Bureau
- June 20, 2025
Mahindra’s Truck and Bus business (MTB), part of the Mahindra Group, has launched the Mahindra Furio 8 – a modern range of Light Commercial Vehicle trucks, which comes with ‘Get the Highest Mileage or Give the Truck Back’ guarantee.
The Furio 8 range is manufactured at Mahindra’s Chakan facility and will be introduced in two variants – 4-tyre cargo and 6-tyre cargo.
Vinod Sahay, President – Trucks, Buses, CE, Aerospace & Defense, Member of the Group Executive Board, Mahindra Group, said, “The launch of the new Mahindra Furio 8 range of LCV trucks with the guarantee, ‘Get The Highest Mileage or Give the Truck Back’, will help our customers earn the highest operating profit from their Furio 8 in this category. The new truck series sets new benchmarks of excellence and customer-centricity while reflecting our serious commitment to the segment and confidence in our products”.
Dr Venkat Srinivas, Business Head, MTB & CE, added, “Mahindra Furio 8 is engineered to deliver higher earnings, lower Total Cost of Ownership (TCO), minimal maintenance, and unmatched safety, comfort, and convenience – ensuring profit, peace of mind and higher prosperity for our customers.”
The Furio 8 comes is offered with Double Service Guarantees: 36-hour guaranteed turnaround at workshops or INR 3,000 per additional day; Back on road in 48 hours or INR 1,000 per additional day. The trucks are equipped with Mahindra iMAXX telematics technology, offering benefits like location tracking, geofencing, vehicle health monitoring, driver performance analytics and fleet dashboards among others.
ZF India Bags Order To Supply Transmissions For Trucks To Leading CV Maker
- By MT Bureau
- June 18, 2025
German tier 1 supplier ZF India has inked a strategic business partnership with one of India’s leading commercial vehicle manufacturers to supply manual and AMT, 9-Speed transmissions for trucks in the 1300Nm segment.
As per the understanding, ZF will supply EcoMid and EcoTronic Mid transmissions, specifically developed for over 25-tonne truck applications. The company is focusing on expanding its presence in the high torque market, offering 9-speed transmissions with 1500 Nm and 12-speed transmissions with 3200 Nm.
Through its modular platform approach and innovative transmission solutions, it aims to expand its presence as a key supplier for CV Solutions globally, with potential extensions for higher horsepower segments (over 300HP).
Akash Passey, President ZF Group in India, said, "With over six-decades of strong market presence in India, ZF has consistently provided advanced technology solutions that enhance operational efficiencies. This partnership underscores our role in delivering cutting-edge transmission solutions, strategically tailored to meet the evolving demands of our OEM partners. Together, we continue to drive progress and innovation in the industry.”
P Kaniappan, SVP, ZF Group, added, "The EcoMid and EcoTronic Mid transmissions will help drive operational efficiencies for the commercial vehicle industry, particularly in the heavy truck sector. This strategic agreement not only strengthens ZF Group's position as the premier provider of commercial vehicle solutions but also aligns with the market's shift towards higher efficiencies in higher tonnage vehicles. We are committed to delivering substantial progress for our customers and the Indian market."
The transmissions are being manufactured at the ZF Plant in Chakan, Pune.
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