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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Pune-headquartered commercial vehicle company Force Motors has launched the Urbania Deluxe, replacing the current-generation Urbania as its standard offering in the shared mobility segment.

The Urbania Deluxe features a 2.6-litre, four-cylinder turbo diesel engine delivering 100 kW and 350 Nm of torque. It comes with leatherette seats, wood-finish flooring, 16-inch alloy wheels, a power sliding footstep, a TFT instrument cluster, a 23 cm HD touchscreen infotainment system and an 8-speaker Digital Theatre System.

Safety features include 3-point seat belts for every passenger, airbags, all-wheel disc brakes, Electronic Stability Program, Anti-lock Braking System, Electronic Brake-force Distribution and Engine Drag Torque Control.

The CV is available in three wheelbases and eight seating layouts ranging from 9+D to 16+D configurations through the dealer network, with prices starting at INR 2.87 million ex-showroom.

The Urbania Deluxe comes with Force Care package featuring i-Pulse telematics, a 5-year/500,000 km warranty, a 3-year sensor warranty and 3 years of Roadside Assistance.

Prasan Firodia, Managing Director, Force Motors, said, "With Urbania, we redefined premium shared passenger mobility in India and created an entirely new segment that has found strong acceptance both in India and across international markets. Its success reflects the growing preference for vehicles that combine superior comfort, safety and modern engineering. With the introduction of the new Urbania Deluxe, we are taking this platform to the next level with enhanced performance, premium features and advanced technology to meet the evolving expectations of our customers and deliver the premium travel experience passenger’s demand. As the premium mobility segment continues to evolve, we remain committed to enhancing our products and delivering mobility solutions that set new benchmarks in passenger comfort, safety and performance."

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Prawaas 5.0, an event focused on the public transport industry, concluded on 11 July 2026 at the Helipad Exhibition Centre in Gandhinagar, Gujarat. The three-day event marked the 10th anniversary of the Bus & Car Operators Confederation of India (BOCI).

The event recorded 20,129 registrations and hosted 227 exhibitors, 20 startups and 120 speakers across 15 sessions. It saw participation from 31 states and union territories, as well as 11 countries.

During the event, two Memorandums of Understanding (MoUs) were signed. The first, between Rotary International District 3080 and BOCI Naari, aims to support the skilling and employment of women as drivers. The second, between Rotary International District 3080 and BOCI, addresses the mental well-being of drivers and road safety.

Prasanna Patwardhan, President of the Bus & Car Operators Confederation of India (BOCI), said, "As BOCI completes ten years, Prawaas 5.0 reflects how collaboration, innovation and progressive policymaking are shaping the future of passenger mobility in India. Over the past three days, the exhibition has brought together operators, policymakers, manufacturers, technology providers and entrepreneurs on a common platform to exchange ideas, build partnerships and explore solutions for the sector's evolving needs. The participation and enthusiasm witnessed this year reaffirm our collective commitment to building a safer, smarter and more sustainable passenger transport ecosystem that supports the vision of Viksit Bharat."

The Bharat Prawaas Awards 2026 honoured 72 recipients, including 50 BOCI Excellence Awards and 22 redBus People's Choice Awards. The event was organised by BOCI, hosted by the Akhil Gujarat Pravasi Vahan Sanchalak Mahamandal, and curated by MM Activ Sci-Tech Communications.

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Tata Motors, one of the leading commercial vehicle manufacturers, has inked a Memorandum of Understanding (MoU) with UCO Bank for financing solutions.

Through this collaboration, customers will have access to interest rates, loan approvals and processing. The agreement includes loan-to-value funding options and repayment tenures. The partners will coordinate across branches and dealerships to reach customers in urban and rural markets.

Shashikant Kumar, General Manager & Zonal Head – Mumbai, UCO Bank, said, “The signing of this Memorandum of Understanding with Tata Motors Limited marks another significant milestone in UCO Bank’s commitment to delivering innovative and customer centric financing solutions. Through this strategic partnership, we aim to provide seamless, competitive and timely financing for TATA Motors commercial vehicles, enabling entrepreneurs, fleet operators and businesses to expand with confidence.”

Rajesh Kaul, Vice-President & Business Head – Trucks, Tata Motors Ltd., said, “We are pleased to partner with UCO Bank to further strengthen the financing ecosystem for our commercial vehicle customers. Access to organised and competitive financing is a key enabler for our customers' growth, and UCO Bank's strong nationwide presence makes them an ideal partner in this endeavour. This MoU reinforces our commitment to delivering end-to-end solutions, from world-class vehicles to organised financing that empower our customers to grow their businesses with greater confidence and convenience.”

At present, Tata Motors’ product portfolio ranges from 1-tonne to 55-tonne cargo vehicles and 10-seater to 51-seater mass mobility solutions. The company provides services through its Sampoorna Seva 2.0 initiative, the Fleet Edge platform and a network of over 4,500 sales and service touchpoints.

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Volvo Buses India, a business unit of VE Commercial Vehicles, has unveiled the Volvo 9600 Seater-Sleeper coach at the Prawaas 5.0 exhibition in Gandhinagar. It is designed to combine seating and sleeper configurations in a single platform for intercity, tourism and pilgrimage routes.

The 15-metre coach accommodates 51 passengers, featuring 24 upper-deck sleeper berths and 27 lower-deck seats equipped with calf support. It is powered by the Volvo VEDX8 engine and utilises an I-shift transmission. The interior includes an integrated kitchenette, an onboard toilet, mobile charging points and entertainment systems.

S S Gill, Chief Commercial Officer, VE Commercial Vehicles, said, “India's bus industry is evolving rapidly, with rising passenger expectations for premium travel experiences and operators seeking higher productivity and operational efficiency. At Volvo Buses India, we continue to shape the future of mobility by combining globally proven engineering with innovations that address evolving needs of the Indian market. The Volvo 9600 Seater-Sleeper expands our premium coach portfolio with a flexible solution that meets customer expectations for safety, comfort and luxury."

Suresh Chettiar, Executive Vice-President – Bus Division, VE Commercial Vehicles, added, "The Volvo 9600 platform has been widely appreciated for setting new standards in luxury, safety and passenger comfort. Building on that success, we are introducing the Volvo 9600 Seater-Sleeper to meet the growing demand for more flexible premium travel solutions. Featuring 24 upper sleeper berths and 27 premium lower-deck seats with calf support, the new coach enables operators to efficiently cater to both short- and long-distance routes while delivering an elevated travel experience for passengers."

The vehicle introduces safety features, including a 360-degree camera system and camera-based electronic rear-view mirrors. It also includes a tyre pressure monitoring system, a driver state monitoring system to detect fatigue and an alcohol interlock system. The coach is equipped with a telematics solution for real-time monitoring of vehicle location, performance and fuel consumption.

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