L-R: Diego Graffi, Chairman & MD, Piaggio Vehicles and Ravi Chawla, MD & CEO, Gulf Oil Lubricants India.

Gulf Oil Lubricants India  (Gulf Oil), a leading player in the lubricants industry, and Piaggio Vehicles (Piaggio India), a subsidiary of the Italian Piaggio Group and a leading manufacturer of small commercial vehicles in the country, have renewed their strategic partnership agreement to extend collaboration for the co-branded lubricants across Piaggio’s CV segment.

The partnership had started in 2020 to develop lubricants to meet Piaggio’s vehicles demand for BS VI and EV offerings. The exclusive partnership has been renewed until 2030 for the customised lubricant solutions and will drive sales across retail, factory-fill, and export markets.

Ravi Chawla, MD & CEO, Gulf Oil Lubricants India, said, “We are thrilled to renew our partnership with Piaggio India, which aligns with our mission to bring industry-leading, specialised lubricants to diverse vehicle segments. Our collaboration has been built on a shared passion for innovation and growth, and together, we are poised to expand our reach and impact in both traditional and electric vehicle markets. With India's commercial vehicle market poised for significant growth driven by robust infrastructure development, this collaboration is well-positioned to capitalize on emerging opportunities and strengthen Gulf’s position as a trusted partner for OEMs, supporting our vision for sustained growth and excellence in the sector.”

With the renewal, Gulf will continue as Piaggio India’s exclusive lubricant partner for all factory fill, workshop, and retail requirements in India, along with exports to select international markets. The partnership will cover the full spectrum of lubricants, including advanced BS VI oils and new EV fluids, developed to meet the evolving needs of Piaggio India’s growing customer base.

Diego Graffi, Chairman & MD, Piaggio Vehicles, added, “This long-term renewal with Gulf Oil reinforces our commitment to delivering quality products that support optimal performance for Piaggio India’s customers. As both companies look to the future, Gulf's strategic investments towards growing the EV fluids segment align seamlessly with Piaggio's growing focus on electric mobility in India, particularly in the commercial lightweight and three-wheeler EV segments. We look forward to this next chapter of collaboration.”

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John Deere has introduced its 5M series, featuring the 130HP 5130M tractor, at the John Deere Power and Technology Show. The launch marks an expansion of the company’s high-horsepower offerings in the Indian market, where it has operated for over 27 years.

The 5130M model incorporates a front hitch and front power take-off (PTO) application, allowing for the simultaneous use of implements at the front and rear of the machine. This configuration is designed to improve field efficiency and reduce the number of passes required for crop operations.

John Deere showcased several digital and automated solutions aimed at precision farming. These technologies focus on resource optimisation and input cost reduction.

Key technology launches include:

• 5E AutoTrac: A vehicle guidance system designed for straight-row accuracy to reduce overlaps and gaps during tilling and seeding.
• GreenSystem Link: A factory-fitted connectivity kit providing data integration for machine monitoring.
• Radial Tyres: Standardisation of 100 percent radial tyres on the 5405 and 5075E models to reduce soil compaction and improve traction.

The company’s Indian operations serve as a hub for research and development, engineering, and global IT. John Deere currently exports products manufactured in India to 110 countries. The strategy involves adapting global innovations to local conditions while supporting government sustainability goals for 2047.

Rajesh Sinha, MD & Country Manager, John Deere India, said, “The core of John Deere’s strategy revolves around integration of precision agriculture, digital solutions for SMART connected machines that enable farmers to produce more with fewer resources. The recent technologies launched are designed to optimize field operations & input cost, precise crop care solutions ensuring soil and environmental sustainability. John Deere’s India footprint continues to be significant and important for global operation from the R&D, Engineering, Global IT, Supply chain, Road Construction beside manufacturing and talent.”

Ramakant Garg, Sales & Marketing India Director, added, “The advanced farm technologies and evolving agronomy practices go hand in hand and thus John Deere is committed to align these for futuristic agricultural practices. The Power and Technology 7.0 is a step in that direction. In the past John Deere has been leading technologically superior products for Indian markets and we take pride in continuing in do so in today’s technology event.”

Mukul Varshney, Region 1 Government Affairs Director, stated, “The government’s sustainability goal for 2047 can best be supported by John Deere that makes us even more responsible and accountable beyond products and services. We witness a very favourable ecosystem that helps us further our efforts to collaborate with stakeholders such as academia, research institutions and industry.”

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VE Commercial Vehicles (VECV) has announced the appointment of B Srinivas as Managing Director and CEO, effective 1 April 2026.

At present, he serves as the Chief Operating Officer and will now succeed Vinod Aggarwal. He has worked with Eicher for over three decades across product strategy, purchasing, sales and marketing. He previously led the Eicher Bus business and served as Head of Product Strategy and Purchasing between 2022 and 2024.

Aggarwal, who has led VECV for 16 years, will now become the Chairman of the Board. He replaces Sofia Frandberg, who completes her three-year term as Chairperson, and will continue to be on the Board of VECV.

In addition, Rajinder Singh Sachdeva has been nominated to the Board following his retirement as Deputy CEO and Chief Transformation Officer. He replaces Raul Rai, who steps down as Director.

The leadership shift comes as VECV continues its strategy of expanding into new segments and markets. Since its formation in 2008, the joint venture has invested in capacity and technology to increase its presence in the Indian commercial vehicle market.

Siddhartha Lal, Chairman, Eicher Motors (EML), said, “I am delighted with the appointment of B Srinivas as the new Managing Director and CEO of VECV. It strengthens our well calibrated, long-term strategy and continuity at VECV. I have personally worked with Srinivas for over twenty-five years and seen his hands-on and inclusive leadership style. He is a thoughtful and courageous leader, and is willing to make changes and strategic shifts towards achieving the company’s long- term goals. I believe the company will benefit tremendously from his leadership – combining his customer focused approach, technological acumen and collaborative style. I wish him the best in his new role and look forward to working with him.”

Vinod Aggarwal, added, “My heartiest congratulations to Srinivas as he steps into the role of Managing Director & CEO of VECV. With over three decades of experience, he brings along a deep understanding of our legacy, versatile experience of the business and a strategic vision to scale new heights. I am confident he will accelerate our growth trajectory. I wish him great success and look forward to working with him as I transition into my new role as the Chairman of the company.”

B Srinivas, said, “My journey with Eicher has been truly remarkable. Having spent thirty-one years here in various capacities both in commercial and technical roles including the last two years as the Chief Operating Officer of VECV, I am looking forward to embarking on this next phase. I would like to thank the Board of VE Commercial Vehicles. for this opportunity, and entrusting me to drive our growth trajectory alongside my team.”

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Mahindra’s Truck and Bus Division has inaugurated a Sales, Service and Spares (3S) dealership in Hubli, Karnataka, in partnership with Indhu India Motors.

The facility includes seven service bays capable of maintaining more than seven vehicles per day, it also provides driver lodging, 24-hour breakdown assistance and AdBlue supplies. This expansion follows four years of volume growth for the division and brings Mahindra’s national network to more than 200 3S dealerships and 400 secondary service touchpoints.

At present, the Mahindra Group currently holds a 7 percent market share in the Indian truck and bus industry, with a 24 percent share specifically in the Intermediate and Light Commercial Vehicle (I&LCV) bus segment. The company has set a target to increase its total market share to 10-12 percent by FY2031 and over 20 percent by FY2036.

It’s current commercial vehicle range includes the BLAZO X, FURIO, OPTIMO and JAYO models. These vehicles are integrated with iMAXX, a telematics solution designed to provide fleet owners with data and control over transport operations.

The company offers two specific service guarantees for its truck range:

Roadside Support: A guarantee to have vehicles back on the road within 48 hours, or the company pays the customer INR 1,000 per day.

Workshop Turnaround: A guarantee of vehicle turnaround within 36 hours at a dealership workshop, or the company pays INR 3,000 per day.

Vinod Sahay, President – Trucks, Buses & Construction Equipment, said, "Delighted to inaugurate our new state-of-the-art dealership in Hubli. Indhu India Motors becomes another new dealership of Mahindra Trucks and Buses in Karnataka. Together, Mahindra Trucks and Buses and SML now have over 200 3S dealerships and over 400 secondary service touchpoints for trucks and buses across the country, providing world-class customer care to our valued customers. The Mahindra Group now holds close to 7% market share in trucks and buses, with a 24 percent market share in I&LCV buses. We are targeting to increase our market share to 10-12 percent by FY2031 and over 20 percent by FY2036."

Dr Venkat Srinivas, Business Head – Mahindra Trucks, Buses & Construction Equipment, added, “Our obsession with customer-centricity has driven us towards creating disruptive value propositions for our customers. Be it the guaranteed higher mileage of our entire product range, or the most advanced telematics solution – iMAXX, which gives the fleet owners complete control over their transport business or a rapidly growing network of dealerships and other formats of after-sales support paraphernalia, we are committed to impart the best customer experience in the Indian Commercial vehicle industry."

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IVECO BUS has signed two agreements in Uzbekistan to establish Completely Knocked Down (CKD) production of the DAILY minibus and nationwide distribution of its product portfolio. The move marks an expansion of the manufacturer's presence in Central Asia.

Production is scheduled to commence in May 2026 in partnership with Asaka Motors International. Distribution operations will be managed by ASAKA EFVI TRUCK AND BUS JV. The partners have set a target of 500 units in the first year, with plans to increase annual production and sales to 1,000 units within three years.

The CKD project is intended to support the development of an industrial ecosystem in Uzbekistan. By combining engineering with local manufacturing, the initiative aims to facilitate job creation and technical skills transfer within the national automotive sector.

The initial production programme will focus on the DAILY minibus, including diesel and electric versions. The vehicles are intended for use in urban and intercity transport, corporate fleets and tourism. Local assembly is expected to manage the total cost of ownership and reduce delivery times.

Sascha Kaehne, IVECO BUS AMEA Bus Commercial Operations, said, “The agreements signed in Uzbekistan represent an important step in our international growth strategy. By establishing local CKD production and a robust distribution structure, we are building a solid foundation for long-term development in Central Asia.”

Jalilov Avazbek, CEO, Asaka Motors International, added, “We are proud to collaborate with IVECO BUS to deliver advanced transport solutions in Uzbekistan. This partnership strengthens our industrial capabilities and supports the modernization of passenger mobility in the country.”

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