JBM Auto, one of India’s leading automotive and electric vehicle company has announced its consolidated financial results for the quarter ended 30 September 2024.

The automaker reported INR 12.85 billion revenue from operations, as against INR 12.31 billion last year, an increase of 4.47 percent YoY. The EBITDA came at 1.74 billion, up 18.54 percent, as compared to INR 1.47 billion; net profit of INR 491 million as against, INR 441 million last year, registering a growth of 11.45 percent YoY.

This also marked its highest-ever Q2 sales in OEM business. It also signed an agreement with the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) for sanctioning strategic investment towards e-mobility projects in multiple states.

JBM Auto also started operations for 48 intercity buses in Telangana.

The company states it has a strong order book in OEM Division and Tool Room Division which will contribute in continuing the impetus growth of the company in FY2025.

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Automotive Skills Development Council (ASDC) has partnered with Daimler India Commercial Vehicles to launch a corporate social responsibility (CSR) initiative aimed at training and certifying 240 Heavy Commercial Vehicle drivers across Assam, Maharashtra, Jharkhand and Andhra Pradesh.

The programme focuses on expanding the pool of commercial vehicle drivers, improving road safety standards, and providing employment opportunities for candidates.

Under the implementation agreement, 60 candidates in each of the four states will participate in a residential training programme featuring classroom instruction, practical driving and simulator learning.

Daimler India Commercial Vehicles is providing training, residential facilities, meals, licensing support, assessments, certification, insurance and impact studies. ASDC will oversee industry linkages and placement support for certified drivers, alongside conducting three months of post-placement follow-up to track employment retention rates.

Vinkesh Gulati, Chairperson, ASDC, said, "Skilled commercial vehicle drivers are essential to India’s logistics network and economic growth. Skilling for road safety must be an integral part of their preparation, equipping drivers with defensive driving techniques, an understanding of traffic rules and the ability to handle heavy vehicles responsibly. Through this partnership with Daimler India Commercial Vehicles, we aim to prepare 240 young people for professional driving careers by combining practical training, recognised certification and employment assistance. Our goal is to create livelihood opportunities while developing competent, safety-conscious drivers who contribute to safer roads for everyone."

Torsten Schmidt, Managing Director and CEO, Daimler India Commercial Vehicles, said, "At DICV, we believe drivers are the backbone of India's economy, keeping goods moving and communities connected across the country. As the transport sector evolves, professionally trained, safety-conscious drivers are more important than ever. Through this initiative with ASDC, we are investing in skills that not only improve employability but also foster a culture of responsible driving and road safety. By equipping aspiring drivers with the right knowledge, practical expertise and a safety mindset, we are helping build a stronger logistics ecosystem while contributing to safer roads and a more resilient nation."

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John Deere India has sold over 100,000 tractors in India within a single Deere fiscal year, marking an operational milestone in its domestic business.

The achievement reflects the expansion of farm mechanisation across Indian agriculture and the adoption of the company's equipment across varied agro-climatic conditions and crop applications.

In addition to serving domestic requirements, John Deere's Indian operations act as an export hub, supplying tractors and machinery from India to over 110 countries. The company has maintained an operational presence in India for more than 28 years, supported by tractor manufacturing facilities in Pune and Dewas, engineering and enterprise technology centres in Pune, IT hubs in Pune and Bengaluru, parts distribution centres in Nagpur and Indore, and financial services operations in Pune.

Rajesh Sinha, Managing Director and Country Manager of John Deere India, and Strategic Advisor to the President, Construction & Forestry Worldwide, said, "Selling more than 100,000 tractors in a year is not just a business milestone; it is a reflection of the confidence that Indian farmers and channel partners place in John Deere. We remain committed to supporting farmers with reliable equipment, advanced technology and solutions that help improve productivity, profitability and sustainability."

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Mumbai-headquartered Energy In Motion has signed a Memorandum of Understanding with Sorigin Green Mobility to deploy 500 electric heavy commercial vehicles over a two-year timeframe.

The collaboration targets the adoption of electric heavy-duty freight transport and the decarbonisation of commercial logistics networks across major freight corridors in India, including the Jawaharlal Nehru Port Authority ecosystem.

Under the terms of the agreement, Energy In Motion will supply its Ashwa 55-tonne electric tractors, backed by charging infrastructure, battery-swapping networks and energy-management systems.

The initiative will focus on cargo-intensive routes to improve vehicle utilisation and lower refuelling turnaround times. Implementation is scheduled to commence immediately, starting with an initial deployment of 18 electric heavy commercial vehicles within the Jawaharlal Nehru Port Authority precinct.

Narendra Murkumbi, Managing Director of Energy In Motion, said, "We believe the electrification of heavy commercial transport will be driven not just by the availability of electric vehicles, but by an integrated ecosystem that makes them practical and commercially viable for fleet operators. Sorigin Green Mobility is our valued existing customer, and this new large-scale partnership marks a significant step-up in heavy electric logistics across key freight corridors in India. By combining our Ashwa 55-tonne electric tractor with charging infrastructure, battery-swapping solutions and energy management capabilities, we aim to address critical operational requirements such as vehicle utilisation, turnaround time and energy costs."

Gautam Rekhi, Director, and Aarav Tanti, Co-Founder of Sorigin Green Mobility, said, “We are pleased to partner with EIM to scale electric heavy freight across India. Combining EIM’s integrated vehicle and energy platform with Sorigin Green Mobility’s fleet operations, we aim to make zero-emission freight the default choice for ports and industrial supply chains. Our role is to make the switch simple. We finance, deploy, operate and maintain the fleet with guaranteed uptime, so customers pay only for the freight they move, with no upfront capex. We already operate EIM tractor in the JNPT and at Tuticorin Container Terminal, which lets us start this programme with deployment rather than pilots."

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Mumbai-headquartered commercial vehicle major Tata Motors and Europe’s Iveco Group have formed a global commercial mobility enterprise with combined revenues of approximately EUR 21 billion, operating across more than 130 countries.

The two entities have now come together and are currently ranked fourth globally among commercial vehicle manufacturers by truck sales volumes in the 6-tonne and above segment.

The combined entity encompasses a worldwide network comprising 27 manufacturing sites, 25 research and development centres, and over 9,300 sales and service centres. The enterprise brings together a workforce of more than 73,000 employees across six continents.

Going forward, Iveco Group will remain headquartered in Turin, Italy, retaining its distinct brand identities, teams and industrial footprint. The integration combines Tata Motors' commercial vehicle range across cargo and mass-mobility solutions in India and emerging regions with Iveco Group's light, medium and heavy commercial vehicles, buses, and FPT powertrain operations across Europe and Latin America.

Powertrain capabilities span internal combustion engines, natural gas, battery-electric systems, and hydrogen technologies. Existing customer contracts, dealer networks, supplier agreements, warranties, and aftermarket commitments remain unchanged.

N Chandrasekaran, Chairman of Tata Sons, Tata Motors and Iveco Group, said, "Today marks the beginning of an exciting new chapter for Tata Motors and Iveco Group. Two strong and successful organisations, united by shared values, a common commitment to sustainable mobility and an ambition to shape the future of commercial transportation, have come together to create a truly global commercial mobility enterprise. We will invest for the long term, enable ideas and capabilities to flow in both directions, and harness our combined scale, reach and talent to shape a future of mobility that is safer, smarter, more connected and more sustainable. I take this opportunity to express my appreciation to the Italian Government, the regulatory authorities across jurisdictions, our employees, shareholders and all the stakeholders whose trust, cooperation and support have helped us reach this important milestone. I also warmly welcome our colleagues from Iveco Group into the Tata family and look forward to all that we can achieve together."

Girish Wagh, Managing Director and Chief Executive Officer, Tata Motors, said, "We are pleased to turn our strategic vision into an operational reality alongside our colleagues at Iveco Group. Together we have a compelling opportunity to create greater value for our customers and stakeholders. Our complementary portfolios, capabilities and geographic strengths provide a strong foundation for growth, while ensuring continuity from day one for customers, dealers and partners. Our ambition is to build a stronger enterprise by combining our strengths in engineering, new age technologies, sourcing, distribution and customer networks. We will accelerate innovation, broaden our reach and bring advanced solutions to customers faster and more competitively."

Olof Persson, CEO, Iveco Group, said, "This is a defining moment for Iveco Group, and one we approach with confidence and great energy. We begin this new chapter proudly, with the brands, people, capabilities and industrial heritage that have shaped our company, alongside Tata Motors, a partner of great strength, with a deep understanding of the commercial vehicle business and a shared long-term perspective and commitment to sustainable transport. I want to thank our employees, customers, dealers, suppliers and partners for their trust and support. We now have the opportunity to build on everything Iveco Group has achieved, unlock new possibilities with Tata Motors and create an even stronger future."

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