Ashok Leyland Limited has reported a revenue growth of 33 percent at INR 116.26 billion in the fourth quarter of FY2022-23 as compared to the revenue earning of INR 87.44 billion during the corresponding quarter in FY2021-22. Operating profit before tax for the fourth quarter of FY2022-23 was INR 10.68 billion as compared to INR 5.28 billion for the same period the fiscal prior. PAT was recorded at INR 7.51 billion as against that of INR 9.01 billion during the corresponding period in the fiscal prior. The FY2022-23 Q4 EBITDA was at 11.0 percent as against 8.9 percent the fiscal prior. 

The company’s truck market share during the fourth quarter of FY2022-23 has recorded an improvement at 32.7 percent as compared to 30.6 percent during the corresponding period in the fiscal prior. The bus market share for the fourth quarter of FY2022-23 has recorded an improvement at 27.1 percent as against 26.4 percent during the fiscal prior. 

Ashok Leyland’s domestic LCV volumes grew by 18 percent in the fourth quarter of FY2022-23 to 18,840 units as compared to 15,971 units in the corresponding period in the fiscal prior. 

For FY2022-23, the company recorded a revenue of INR 361.44 billion as compared to a revenue of INR 216.88 billion in FY2021-22. The operating PBT was INR 20.26 billion as against INR 170 million during FY2021-22. The PAT was INR 13.80 billion as against a profit of INR 5.42 billion in FY2021-22. Full year EBITDA was at 8.1 percent as against 4.6 percent in FY2021-22. Cash generated during the quarter was INR 22.87 billion and net cash surplus was INR 2.43 billion as against a net debt of INR 7.20 billion for the same period last year. 

Despite geopolitical headwinds, on a full year basis our export volumes are at 11289 units as compared to 11,014 units in FY2021-22, an increase of 2 percent. Good performance of the commercial vehicle major was supported by the medium and heavy duty AVTR truck range and the introduction of the CNG range of intermediate commercial vehicles. 

The company extended its network by opening 152 new outlets across the country in FY2022-23. Dheeraj Hinduja, Executive Chairman, Ashok Leyland Limited, said, “The CV industry is buoyant due to favourable macroeconomic factors and a healthy demand from the end-user industries. This trend is expected to continue alongside growth in core sectors such as construction and mining, agriculture, increased capital outlay for infrastructure projects and pent-up replacement demand. The focus on international operations, defence, power solutions and parts businesses will continue to balance the volatility of our core business. With momentum gradually picking up in electric vehicles, Switch Mobility is well poised to complement the developments at Ashok Leyland across a spectrum of alternate propulsion systems.” 

Shenu Agarwal, Managing Director & CEO, Ashok Leyland Limited, mentioned, “It has been a truly wholesome performance. We have been able to achieve growth in market share, across geographies and across product segments, along with significant improvement in our profitability. All this demonstrates our strong fundamentals – competitive and wide product portfolio, strong and widespread network and a talented and passionate team. While we shall continue to pursue better realisations even as we expand market share, our resolute focus shall remain on bringing deeper efficiency and cost improvement. We have generated close to INR 22.87 billion (INR 2287 Cr) of cash this quarter owing to better profits and focused management of working capital, which gives us ability to further accelerate our investment in future products and technologies.”

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IVECO BUS has completed the delivery of 53 CROSSWAY Hybrid buses to Interbus Group, a Spanish passenger transport operator. The buses are destined for interurban routes in the Madrid and Andalusia regions, following the award of the ECO label for these transport corridors.

The majority of the new fleet will be integrated into the Madrid Regional Transport Consortium (CRTM) to support mobility within the capital's metropolitan area. The remaining units will be deployed in Andalusia to operate regional interurban services.

The delivery is part of a broader infrastructure renewal programme aimed at improving the environmental footprint and operational efficiency of Spanish public transport.

The CROSSWAY Hybrid model utilises a 48V mild-hybrid system. This architecture recovers energy during braking and provides motor assistance during start-up and acceleration. The system does not require external charging infrastructure, allowing for service continuity on long-distance routes.

Giorgio Zino, Head of IVECO BUS Commercial Operations in Europe, said, “The renewed confidence shown by Interbus demonstrates the strength of our partnership and our ability to provide concrete support to operators throughout their transition. In our sector, sustainability is truly meaningful when it delivers tangible benefits for operators while helping to improve air quality for citizens. This delivery confirms that IVECO BUS hybrid technology now represents a practical and effective solution to connect regions and ensure high-performance daily mobility”.

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Tata Motors, one of the leading commercial vehicle manufacturers, has expanded its electric-CV portfolio with the launch of the Intra EV Pickup at prices starting INR 1.19 million (ex-showroom). The EV is positioned as a high-payload solution for urban and regional cargo requirements.

The Intra EV is engineered for demanding duty cycles across sectors such as e-commerce, FMCG and dairy distribution. It features a purpose-built electric architecture designed to handle diverse Indian weather and terrain conditions.

The e-SCV has 1,750 kg payload capacity with load body options extending to 10.2-feet. It uses a 72kW electric motor generating 230 Nm of peak torque and 23 percent gradeability. It features an IP67-rated 28.2 kWh battery providing a certified range of 211 km on a single charge. The Intra EV supports CCS2 fast charging, enabling a 10-80 percent charge in approximately 55 minutes.

The EV integrates an Electronic Braking System (EBS) for stability and a three-level regenerative braking system to enhance energy recovery. Fleet management is supported via the Tata Motors Fleet Edge platform, which provides real-time tracking, vehicle health monitoring and predictive maintenance data.

The cabin is crash-tested and features Electric Power Assisted Steering (EPAS) and a walk-through design to reduce driver fatigue during extended operating hours.

Tata Motors provides a 6-year or 200,000 km high-voltage battery warranty. It is supported by a network of over 25,000 charging points and 200 dedicated EV service centres across India. The launch follows the deployment of the company's electric buses and the recent introduction of the Ace EV 1000 and Ace Pro EV mini-trucks.

Girish Wagh, Managing Director & CEO, Tata Motors, said, “Our commitment to green mobility is focused on delivering sustainable solutions that are proven at scale and relevant to India’s diverse commercial mobility needs. Building on the strong market response to our electric mini‑trucks and the successful deployment of our electric buses serving commuters across 10 cities nationwide, we rolled out our next‑generation electric trucks earlier this year and are now advancing further with the launch of electric pickups. Through this progression, Tata Motors has established the country’s most comprehensive electric commercial vehicle portfolio across segments. This momentum is being enabled by progressive Government policies and strong collaboration across customers, partners and suppliers, accelerating India’s transition to cleaner and more sustainable mobility.”

Pinaki Haldar, Vice-President & Business Head – SCVPU, Tata Motors, said, “The all-new Intra EV Pickup has been developed with a clear focus on earning capability and everyday usability, combining one of the highest payload capacities in its segment with strong performance, long range and high uptime, all at a segment-beating price. Its comfortable, crash‑tested cabin, car‑like driving dynamics and thoughtfully integrated features are designed to reduce fatigue and improve productivity across long operating hours. As adoption of cleaner technologies accelerates, Tata Motors remains committed to raising industry benchmarks and making electric cargo mobility a practical, confident choice for businesses.”

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Pune-headquartered automotive major Force Motors has reported its domestic wholesales of 36,536 units for FY2026, which marks a 20 percent increase compared to the 30,531 units sold in the previous fiscal year.

For the month of March 2026, the company registered a 14 percent growth with 4,126 units sold.

The company stated it witnessed growth across its product portfolio, supported by demand in passenger mobility, institutional and defence sectors.

Force Traveller continued to maintain a 70 percent market share in the light commercial vehicle segment, with applications in school and ambulance services.

The company’s premium passenger mobility platform Urbania recorded volume growth exceeding 100 percent, while Trax platform saw 70 percent growth with traction from Tier-2 and Tier-3 markets.

Force Motors’ Special Vehicle Division delivered its first batch of 600 Gurkha units to the Indian Army.

At present, Force Motors operates five manufacturing units and an R&D centre in Pune. The company produces and tests engines for all Mercedes-Benz and BMW cars and SUVs manufactured in India.

Additionally, Force MTU Power Systems, a joint venture with Rolls-Royce Power Systems AG, produces 10 and 12-cylinder engines for global power generation and rail applications. Overall exports for the company's four-wheelers grew by 13 percent during the year.

Prasan Firodia, Managing Director, Force Motors, said, “Our performance this year reflects the way we are steadily shaping the business – being more focused, disciplined and aligned to the segments where we know and believe that we can lead. The Force Urbania is setting new benchmarks in premium shared mobility, while the Trax platform is helping improve connectivity across the country. Our Traveller range continues to anchor our presence in the segment, with its market leadership reflecting the deep trust customers place in the brand. At the same time, our continued work with the defence sector reflects the strength of our engineering and our ability to deliver in demanding conditions. We also saw steady growth in our export business, with overall exports growing by 13 percent (4-wheelers only). Given our strong exports’ presence in Gulf markets, we remain mindful of the evolving geopolitical situation and are closely monitoring the developments. As we look ahead, staying close to our customers and paying close attention to their needs & shaping our products and solutions accordingly—will remain a key focus for us. We will continue to build on our strengths with consistency, while staying responsive to evolving market needs”.

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ZF Commercial Vehicle Control Systems India has been awarded a business nomination by a mobility OEM to develop and supply an Advanced Driver Assistance System (ADAS) suite for an upcoming bus platform. The project encompasses system supply, vehicle integration, and validation, with the start of production targeted for Q1 FY2027.

The awarded solution centres on ZF’s OnGuardMAX platform, which utilises multi-sensor fusion including a front camera, mid-range radar and an image processing module. This system is integrated with Short-Range Radar (SRR), an Electronic Braking System (EBS) and Electronic Stability Control (ESC) to provide comprehensive active safety.

The platform enables Autonomous Emergency Braking (AEB), Lane Departure Warning (LDW) and Driver Drowsiness and Attention Warning (DDAW). It also features SRR units address blind spots to protect vulnerable road users, supporting Blind Spot Information Systems (BSIS) and Moving Off Information Systems (MOIS). The integration of EBS and ESC provides faster braking responses, shorter stopping distances and improved rollover resistance for electric vehicle platforms.

The ADAS suite is engineered to meet GSR 184(E) requirements. The technology has undergone 450,000 kilometres of testing on Indian roads and has received ARAI certification. The architecture is scalable to SAE Level 2 and is designed to support future automation requirements.

Paramjit Singh Chadha, Managing Director, ZF Commercial Vehicle Control Systems India, said, “ADAS was and remains a strategic priority for ZF Commercial Vehicles in India. With a legacy of deep customer understanding and proven technological competence that make commercial transportation safer, smarter and more efficient, we also offer ADAS solutions that fit the specific driving conditions in India and at the same time have the backing of our global expertise.”

Akash Passey, Non-Executive Chairman, ZF Commercial Vehicle Control Systems India, added, “We see a rapid acceleration in India in the adoption of advanced driver assistance technologies that enhance road safety and operational efficiency. ZF Commercial Vehicles Division offers made-to-fit market solutions that address the specific needs of leading and new-age e-mobility OEMs with the strength of ZF’s global engineering expertise and combining it with deep regional insights.”

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