CNH Industrial has revealed a comprehensive Strategic Business Plan (SBP) during its 2025 Investor Day, aiming to cement its leadership in agriculture and construction machinery, significantly improve margins, and return more value to shareholders.

The company’s new roadmap includes ambitious targets such as achieving a 16–17 percent mid-cycle adjusted EBIT margin in agriculture by 2030 and delivering over USD 550 million in operational and quality cost improvements. It also seeks a 25 percent increase in through-cycle industrial cash generation. It also aims to consolidate its position as the No.1 or No. 2 player in all major markets.

Gerrit Marx, CEO, CNH Industrial, said, “The strategy that we presented today shows that we have a clear path to achieve our goals. We are committed to delivering strong growth, in tandem with our cost efficiency targets. We have demonstrated our capability to deliver steady margin improvements in the past, and we will take that to the next level in this new phase of our journey.”

Key initiatives include enhancing integration between hardware and Precision Tech systems, a full refresh of the tractor lineup, an expanded combine harvester range and doubling Precision Tech’s share of agriculture net sales. CNH will also revamp its go-to-market approach with a new dual-brand dealer strategy and greater focus on customer service.

On construction, CNH targets a 7–8 percent EBIT margin by 2030 through new product launches, sourcing efficiencies, and aftermarket growth.

The plan prioritises organic growth, but leaves room for strategic M&A.

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Daimler India Commercial Vehicles (DICV), a subsidiary of Daimler Truck, has inaugurated three service centres in the Bundelkhand region of Uttar Pradesh. The workshops, located in Jhansi, Kabrai and Chitrakoot, are operated by PPS Trucking. The expansion is intended to support commercial vehicle movement in mining and infrastructure corridors.

The new centres cover over 110,000 sqft and include 18 service bays with an annual capacity to maintain 7,500 vehicles. The facilities feature diagnostic systems and provide 24x7 roadside assistance using a fleet of 5 mobile vans.

They will provide maintenance, repairs and express services for BharatBenz trucks and buses. The workshops also include rest areas for drivers and are staffed by 64 technicians.

DICV states Bundelkhand region is a hub for minerals such as granite, sandstone and limestone, which are used in the construction and cement industries.

Rajiv Chaturvedi, President & Chief Business Officer, Daimler India Commercial Vehicles, said, “In Bundelkhand’s mining and infrastructure belt, every hour a vehicle is off the road is a cost our customers cannot afford. With our expansion into Jhansi, Kabrai and Chitrakoot, we are putting world-class service and genuine spares exactly where the demand is highest. Faster turnaround, higher vehicle availability, better operational efficiency – that is what this network means on the ground. BharatBenz is committed to being a true uptime partner for fleet operators in every high-activity corridor,” said

Rajiv Sanghvi, Managing Director, PPS Trucking, added, “Our partnership with BharatBenz is built on the shared vision of offering customer-centric and quality service. With these new facilities at Jhansi, Kabrai and Chitrakoot, we are delighted to be now even better positioned to support BharatBenz customers across Bundelkhand’s high-potential mining and industrial routes. This expansion brings us closer to our customers and reinforces our commitment to providing faster, seamless service support, enhancing vehicle uptime and driving greater profitability for our customers.”

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DAF Trucks N.V., a wholly-owned subsidiary of PACCAR Inc, a leading technology, design and manufacturing company focussing on light, medium and heavy-duty commercial vehicles, has promoted Jim Walenczak to the position of President.

Effective on 1 July 2026, he succeeds Harald Seidel, who is scheduled to retire on 17 July 2026.

Walenczak joins DAF Trucks following a 15-year tenure with PACCAR, during which he held several leadership roles most recently the Vice-President of PACCAR and General Manager of Kenworth Truck Company.

Previously, he was Assistant General Manager of Sales & Marketing at Kenworth and has served as Assistant General Manager – Operations at PACCAR Parts.

He holds an MBA from the University of Washington, is a Stanford Graduated and has completed his Bachelor's in Marketing.

On the other hand, Seidel retires after a 25-year career with PACCAR. Since 2022, he has served as PACCAR Vice-President and DAF President. His previous roles within the company included DAF Finance Director, Group Controller, and various controller positions within marketing, sales, and PACCAR Parts Europe.

Preston Feight, Chief Executive Officer, PACCAR, said, “We sincerely thank Harald for his friendship, leadership, and significant contributions to the success of PACCAR and its customers”.

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Tata Motors, India’s largest commercial vehicle manufacturer, has marked the 21st anniversary of its iconic Tata Ace by launching the all‑new Ace Gold+ XL. This milestone in last‑mile mobility introduces a thoughtfully evolved variant designed for higher payloads and longer body applications. The Ace Gold+ XL extends the legacy that originally reshaped small cargo movement in India while continuing to support a growing and diverse base of entrepreneurs.

To celebrate 21 years of the Chhota Haathi, Tata Motors has also rolled out a nationwide campaign titled Ikkis Saal Bemisaal. This initiative focuses on entrepreneurs who have built their livelihoods around the Ace. Customer‑centric measures include additional benefits of up to INR 21,000 for women entrepreneurs, reinforcing the company’s longstanding commitment to inclusive growth.

Engineered with an eight‑foot load body and a one‑tonne payload capacity, the Ace Gold+ XL enables higher cargo volume per trip to improve owner profitability. The vehicle uses advanced Lean NOx Trap technology, eliminating the need for Diesel Exhaust Fluid and thereby reducing operating complexity and maintenance effort. A 700-cc turbocharged diesel engine delivers 22 PS of power and 55 Nm of torque, offering a lower total cost of ownership, improved uptime, and dependable performance for demanding last‑mile logistics.

Supported by Tata Motors’ comprehensive small commercial vehicle ecosystem, the Ace Gold+ XL joins a portfolio that spans diesel, petrol, CNG, bi‑fuel and electric powertrains for payloads from 750 kilogrammes to two tonnes. The company’s Sampoorna Seva 2.0 lifecycle support programme, along with over 2,500 service and spares outlets and the Star Guru network of trained technicians, ensures assistance at every stage of ownership. Through this latest variant, Tata Motors continues to power entrepreneurial growth and strengthen last‑mile logistics across the country.

Pinaki Haldar, Vice President & Business Head – SCVPU, Tata Motors Ltd., said, “With the launch of the all‑new Ace Gold+ XL, Tata Motors advances the next chapter of India’s most transformative commercial vehicle – one that continues to evolve to meet the needs of modern intra‑city and last‑mile logistics. Extending the Ace’s relevance into higher‑load applications, the Ace Gold+ XL is designed to deliver greater efficiency, reliability, and pride of ownership for today’s entrepreneurs. Launched in 2005, the Tata Ace pioneered India’s four‑wheel small commercial vehicle category and redefined last‑mile logistics by enabling entrepreneurship at scale. The Ace’s enduring relevance is reflected in an industry‑first milestone: for 21 years, one Ace has been sold every 4.25 minutes – earning the trust, respect, and loyalty of over 2,600,000 owners across the country.”

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Delhi-NCR-based electric commercial vehicle manufacturer Euler Motors has announced its revenue from operations reached INR 4.02 billion, up from INR 1.91 billion in FY2025, supported by a significant acceleration in sales volumes.

The company sold 7,576 electric vehicles in FY2026, up 181 percent YoY, albeit a low-year ago base. The Turbo EV 1000 gained substantial traction with 2,084 units sold, allowing the company to capture a 25.9 percent market share in this category.

In terms of segment-wise performance, the company sold 3,088 units of 3W cargo, 2,728 units of 4W cargo and 1,760 units of 3W passenger vehicles.

Growth was primarily driven by logistics and e-commerce operators focused on vehicle uptime and earnings potential.

For FY2026, total income reached INR 4.33 billion, which includes INR 310 million in non-operating income following a Series D fundraise. EBITDA margin improved from 119 percent in FY2025 to -62.9 percent in FY2026. Net loss for the period was INR 3.08 billion, which marks 61 percentage points reduction in losses as a percentage of revenue. Expenses was reduced to INR 1.84 per rupee of revenue, compared to INR 2.42 in the previous financial year.

During the fiscal, the total costs rose to INR 7.41 billion as the company invested in manufacturing and infrastructure: Material costs came at INR 3.56 billion, tracking the increase in sales volumes. Employee benefits rose by 40 percent to INR 1.04 billion to support headcount additions for aftersales and manufacturing.

Going forward, the company plans to expand its distribution and service network to over 200 touchpoints in FY2027. Euler Motors projects that volumes across its portfolio will grow by at least 40 percent YoY, with an increasing contribution from the 4W cargo EV segment.

Saurav Kumar, Founder & CEO, Euler Motors, said, “FY26 marks our transition from early adoption to early scale, with revenue more than doubling and EBITDA margins improving meaningfully as unit economics strengthen. While absolute losses have increased in line with our investments in scale, the underlying efficiency of the business has improved significantly. In 3W Cargo EV, we have built a strong foundation, with over 10,000 HiLoad EVs sold cumulatively. We are also expanding thoughtfully into the 3W passenger EV segment — focusing on understanding customer needs while shaping a differentiated value proposition. In the 4W cargo EV market, despite being a relatively late entrant, we are now seeing clear product-market fit. The Turbo EV1000 has validated that demand in this segment is real, scalable, and repeatable. Our focus now is to deepen this advantage — by expanding distribution, strengthening service infrastructure, and scaling manufacturing — to build a durable leadership position in India’s emerging electric commercial vehicle market.”

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