JBM Auto Posts INR 491 Million Net Profit For Q2 FY2025
- By MT Bureau
- October 28, 2024
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.
Stoneridge To Showcase EVO ECU Platform, Innovation Truck At IAA Transportation 2026
- By MT Bureau
- June 30, 2026
US-headquartered electronic systems and technology company for commercial vehicles, buses, coaches, and off-highway equipment, Stoneridge, has announced its participation in IAA Transportation 2026.
The company is set to exhibit the EVO ECU platform, an electronic control unit designed to support the transition to software-defined vehicles (SDVs). The unit provides processing capability and connectivity, intended to manage vehicle complexity while reducing integration efforts and system costs.
Natalia Noblet, President and CEO, Stoneridge, said, “IAA Transportation will provide our first opportunity to showcase the significant advancements we have invested in to support our customers’ evolving needs. Our investments in engineering, software development, and customer-focused innovation are enabling us to deliver solutions that improve safety, simplify vehicle integration and increase operational efficiency.”
Stoneridge will also feature its Innovation Truck, a demonstrator vehicle equipped with an integrated vision solution and connected tractor and trailer technologies. The display follows the MirrorEye Camera Monitor System, for which the company has produced over 150,000 units. The demonstrator serves to show the integration of the company's technology portfolio for driver awareness and fleet operations.
Christian Leblanc, Global Vice-President of Product and Project Management, Stoneridge, said, “Vehicle architectures are evolving rapidly as manufacturers seek greater functionality, flexibility, and efficiency. EVO ECU has been designed to address these challenges by providing a high-performance platform that simplifies integration while enabling future expansion for emerging safety, security, and connectivity applications. Equally as importantly, the platform has been designed with commercial vehicle manufacturers in mind. It provides the scalability required to support future innovations while helping customers reduce complexity throughout sourcing, validation, and deployment.”
Stoneridge employs approximately 3,200 people. Its European operations include offices and technology centres in Sweden, the Netherlands, Estonia, France and the United Kingdom.
New Holland Launches HD And XHD Series Rotary Tillers In India
- By MT Bureau
- June 23, 2026
New Holland, a brand of CNH Group, has expanded its farm mechanisation portfolio in India with the launch of its new HD and XHD Series Rotary Tillers (Rotavators). The new range is manufactured at the company’s facility in Pune.
The equipment is designed for diverse soil types and agro-climatic zones, aiming to improve soil preparation, productivity, and field performance. A high swing diameter facilitates deeper tillage, improving seed-to-soil contact. The heavy-duty multi-speed gearbox allows farmers to adjust operations based on specific soil conditions, which the company states helps optimise fuel use and save time. The units incorporate Metal Twin-Faced (MTF) seals to protect the rotor hub from water ingress, and utilise DTM paint technology for corrosion resistance.
Tarun Khanna, Director Marketing (AG) India, New Holland, said, "Farm mechanisation is increasingly becoming a key driver of agricultural productivity and efficiency in India. As farmers look for equipment that can deliver superior performance, durability and operational efficiency, the demand for reliable mechanisation solutions continues to grow. The launch of our HD and XHD Series Rotary Tillers reinforces New Holland's commitment to supporting Indian farmers with advanced implements that are engineered for demanding field conditions and designed to enhance productivity."
Following the national unveiling at the company's Greater Noida facility, New Holland plans to introduce the range through a series of dealer-level launches across India. This release is part of the brand’s broader strategy to offer a comprehensive suite of agricultural implements to support modern farming practices.
Chartered Speed Deploys Electric Buses Across 18 Cities Under PM e-Bus Sewa
- By MT Bureau
- June 23, 2026
Chartered Speed is deploying nearly 3,000 electric buses across 18 cities in India as part of the Pradhan Mantri e-Bus Sewa & e-Drive Scheme. The company aims to enhance public transportation in Tier-II and Tier-III cities, with the full network projected to cover 200 million kilometres annually.
To support these operations, Chartered Speed has implemented a technology-led infrastructure, including a Command & Control Centre for fleet monitoring and structured training programmes for drivers.
The company has already commenced operations with 55 electric buses, including 25 nine-metre buses (27-seaters) and 30 seven-metre buses (22-seaters) in Shillong, Meghalaya. The launch was led by Chief Minister Conrad K. Sangma.
Furthermore, in Rajasthan, it is managing an order for 876 buses across the state, with initial operations started for 29 buses in Jaipur and 18 buses in Bhilwara, inaugurated by Chief Minister Bhajan Lal Sharma.
Sanyam Gandhi, Whole-Time Director, Chartered Speed, said, "The commencement of electric bus operations in Shillong, Jaipur and Bhilwara marks an important milestone in our larger vision of deploying 3,000 electric buses across 18 cities under the PM e-Bus Sewa & e-Drive Scheme. These deployments reflect the growing momentum of electric mobility adoption across India and reinforce our commitment to delivering reliable, efficient and environmentally responsible transportation solutions. Through continued partnerships with state governments and transport authorities, we aim to make public transit cleaner, more accessible and more efficient while contributing meaningfully to India’s clean mobility journey."
Tata Motors Secures Orders For Over 3,400 Electric Commercial Vehicles
- By MT Bureau
- June 21, 2026
Mumbai-headquartered commercial vehicle major Tata Motors has secured orders for more than 3,400 electric commercial vehicles (eCVs), covering freight, logistics and passenger mobility sectors. The orders include approximately 2,000 small commercial vehicles (SCVs) & pick-ups, 900 trucks and 500 buses.
The eCVs will be deployed across industries, including e-commerce, logistics, FMCG, FMCD distribution, intra-city transport, mining and inter-city passenger travel.
The company stated that electric mobility in commercial vehicles is shifting from early adoption to large-scale deployment in India, with usage expanding across segments and real-world applications.
Tata Motors stated that it is leading this transition with the widest portfolio of electric commercial vehicles, supported by an enabling ecosystem that ensures electrification is both practical and profitable. Beyond vehicles, the company is partnering closely with fleet owners and customers to optimise performance, uptime, charging and financing across the entire lifecycle. As adoption of electric commercial vehicles deepens, Tata Motors remains focused on delivering customised, end-to-end solutions that enable customers to transition confidently and seamlessly to zero-emission mobility.
Portfolio Expansion
Over the past 12 months, Tata Motors has expanded its eCV portfolio to include Ace Pro EV, Ace EV, and Intra EV for distribution in the Small Commercial Vehicles segment.
Ultra EV range (7-12T), Prima EV 55T tractor and Prima EV 28T tipper in the Intermediate and Heavy-Duty segment. For passenger mobility, it has introduced the Starbus EV and Ultra EV buses.
Till date, Tata Motors has over 3,800 electric buses in operation, which have covered a cumulative distance of more than 550 million kilometres. Additionally, there are over 17,000 Tata eSCVs on the road.
To support the adoption of these vehicles, the company has established a charging network through partnerships with over 14 charge point operators, alongside financing solutions, fleet management tools via Fleet Edge and uptime assurance programmes.
Comments (0)
ADD COMMENT