Blue Energy Motors, a leading manufacturer of LNG (Liquefied Natural Gas) and electric heavy-duty trucks in India, has secured an additional USD 30 million in funding. This latest round brings the company's total capital raised to USD 50 million. The new investment comes from entrepreneur and investor Nikhil Kamath and Omnitex Industries.

The fresh capital will be used to unlock the company's full manufacturing capacity of 10,000 trucks per year. The funds will also help Blue Energy Motors accelerate production, expand its line of LNG and electric heavy-duty trucks and increase its presence across India. The company is already a key player in decarbonising India's transportation sector, which accounts for nearly 15 percent of the country’s total carbon emissions.

Anirudh Bhuwalka, Founder and Managing Director, Blue Energy Motors, said, "The fresh fund raise empowers Blue Energy Motors to accelerate India’s shift to clean, sustainable freight transportation. By harnessing both LNG and electric truck technologies, we are set to lead India’s transformation toward sustainable, zero-emission freight. Our commitment to delivering scalable, commercially viable solutions positions us at the forefront of the green mobility revolution and sets the stage for long-term value creation for our investors.”

Nikhil Kamath, Investor and Entrepreneur, said, "The future of logistics in India will be built on clean, scalable technology. The real opportunity lies in solutions that don't just chase disruption, but deliver it quietly, efficiently and at scale. Blue Energy has done that well.”

Anshuman Ruia, Director, Essar, added, "As investors in Blue Energy Motors, Essar remains deeply committed to accelerating India's transition to green mobility. Our continued investment underscores our confidence in Blue Energy Motors and the company's innovative approach to decarbonising heavy-duty transportation. This aligns perfectly with Essar's broader vision of championing sustainable business solutions across sectors."

Blue Energy Motors' vision is supported by strategic investors, including Essar and FPT (Iveco Group), which also serves as a technology partner. The company has already sold around 1,000 LNG trucks to leading Fortune 500 companies, which have collectively travelled over 60 million kilometres and reduced carbon emissions by more than 15,000 tonnes.

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Ashok Leyland, one of India’s leading commercial vehicle manufacturers, has signed a Memorandum of Understanding (MoU) with Punjab National Bank (PNB) to provide competitive dealer finance options for its dealers of Medium and Heavy Commercial Vehicles (M&HCVs).

As per the understanding, Punjab National Bank will offer customised financial products to Ashok Leyland dealers to support their working capital and inventory funding needs. The initiative aims to strengthen dealerships by providing easy and flexible access to credit.

The MoU was signed by K M Balaji, Chief Financial Officer, Ashok Leyland and Amitabh Rai, General Manager, Punjab National Bank, in the presence of senior officials from both organisations.

Balaji said, “Ashok Leyland is pleased to partner with Punjab National Bank to offer enhanced financial support to our dealer partners. This collaboration will provide comprehensive financing solutions with flexible and convenient options, helping our dealers manage their business more efficiently. Leveraging PNB’s strong network across the country and competitive pricing, this initiative will further strengthen our reach and enable sustained growth for our dealer ecosystem.”

Madhavi Deshmukh, National Sales Head, Ashok Leyland, said, “This partnership with PNB will make financing more convenient for our dealers, ensuring smooth business operations and better customer service. We look forward to working closely with the bank to create value for our dealer partners.”

Rai added, “We are extremely happy to partner with Ashok Leyland. Through our varied financial solutions, our goal is to offer convenient and complete financing choices to the dealers. We believe that this partnership will meet the business needs of both organizations and create a strong positive impact.”

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Chennai-based commercial vehicle major Ashok Leyland has released its wholesales of 17,820 units for October 2025, reporting a 16 percent rise in total wholesales compared to 15,310 units for the same month last year.

Total domestic sales grew by 16 percent, reaching 16,314 units for the month, compared to 14,067 units in October 2024. This includes Medium and Heavy Commercial Vehicles sales clocking 14 percent growth to 9,611 units. Light Commercial Vehicles (LCV) sales increased by 19 percent YoY, from 5,630 units to 6,703 units.

With this, cumulative wholesales for YTD FY2026 has grown by 6 percent reaching 111,174 units compared to 104,827 units last year.

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Scania Commercial Vehicles India has appointed GMMCO, part of the CKA Birla Group, as its new authorised dealer partner for Northern, Eastern and Central India. This marks a major milestone in Scania's renewed India growth strategy, shifting the company from a direct sales model to a fully dealer-driven ecosystem.

As per the understanding, GMMCO will be responsible for sales and service support for projects across its designated regions. This arrangement complements the existing partnership with PPS Motors, which continues to represent Scania in the Southern and Western territories, ensuring seamless national coverage.

Under the new model, Scania will concentrate on product planning, innovation and lead generation, while its dealers will manage sales, service, aftermarket operations and inventory independently.

Silvio Munhoz, Managing Director, Scania Commercial Vehicles India, said, “The appointment of GMMCO marks an important step in Scania’s India growth journey. GMMCO’s strong industry presence, wide service network and customer-first philosophy make them an ideal partner as we expand into new markets and business areas. This partnership reinforces our long-term vision for India and lays a solid foundation for our next phase of growth, driven by the Scania Super range and our focus on sustainable transport solutions.”

Scania aims to accelerate its global strategy of delivering complete solutions rather than just products. This solution-based approach includes application-specific product selection, tailored service packages and customised financial solutions.

Chandrashekar V, Managing Director & CEO, GMMCO, said, “We are delighted to partner with Scania, a global leader synonymous with innovation, performance and sustainability. This collaboration reflects GMMCO’s commitment to delivering comprehensive, technology-driven solutions that empower our customers across sectors. With our deep industry reach, strong service infrastructure and relentless focus on operational excellence, we are confident of driving Scania’s next phase of growth in India and creating exceptional value for our shared customers."

The expanded dealer network will cater to business segments including construction, long haulage, mining and special applications.

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Montra Electric, the clean mobility arm of the Murugappa Group, has expanded its retail presence in India with the opening of two electric Small Commercial Vehicle (e-SCV) dealerships in Bhiwandi and Panvel.

The new outlets, which operate in the Mumbai Metropolitan Region (MMR), are operated by retail partner Autobahn VoltiGo. The dealerships will offer the Montra Electric EViator, an e-SCV designed for intercity and intracity cargo transport. The vehicle aims to offer efficiency, high uptime and a low total cost of ownership for fleet and logistics operators.

Saju Nair, CEO, Montra Electric e-SCV, (TI Clean Mobility), said, “The EViator is built to deliver power, range, and performance that match the real-world needs of India’s logistics ecosystem. With partners like Autobahn VoltiGo, we’re ensuring that customers in key commercial hubs such as Bhiwandi and Panvel get access to future-ready EV solutions backed by strong service and uptime support.”

Farzad, Managing Director, Autobahn Trucking Corporation, said, “At Autobahn, our purpose is to move our customers’ businesses forward through innovation, trust and performance. Partnering with Montra Electric extends that commitment into the clean mobility space. After successfully establishing Montra Electric operations in Kerala and Pune, we are now expanding to Mumbai at Bhiwandi and Panvel, bringing customers a seamless ownership experience built on accessibility, uptime and service excellence.”

The EViator offers a certified range of 245 km and a real-world range of over 170 km. It features an 80kW motor that delivers 300 Nm of torque and includes telematics to ensure over 95 percent uptime. The e-SCV is supported by a seven year or 250,000 km extended warranty.

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