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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Daimler India Commercial Vehicles (DICV), a wholly owned subsidiary of Daimler Truck AG, has unveiled the BharatBenz Torqshift 1926 AMT heavy duty bus chassis for intercity transportation. It has also launched the BharatBenz 917, an eight-metre fully built bus designed for India's growing compact-bus segment.

The Torqshift AMT tech comes to buses after doing duty in BharatBenz trucks. It is a globally proven AMT system that draws good amount of knowhow from Daimler’s Brazilian operations in terms of engineering and integration, according to sources aware of the development.

The AMT is coupled with the 260 hp engine of the 1926 bus chassis and automatically selects the optimum gear based on driving conditions, eliminating the need to continuously operate the clutch and gears. Aiding driving on congested urban roads and difficult terrains where manual shifting adds to driver strain over long shifts, the AMT increases safety. It is part of the powertrain that also includes a five-stage electromagnetic retarder.

The salient points of the AMT include intelligent eco roll for smarter coasting and reduced fuel consumption; multiple drive modes; one touch control, and clutch overload monitoring.

Speaking at the unveiling event, Andamuthu Ponnusamy, Head of Bus Business, Daimler India Commercial Vehicles said, "Fleet operators run on tight margins, and every hour a bus is off the road costs money. The BharatBenz Torqshift 1926 gives drivers an easier, more consistent ride while cutting downtime and lifecycle costs —this kind of improvement shows up directly for fleet operators margins."

Aimed at school, staff and institutional transportation requirements, the new eight-metre BharatBenz bus, called the 917, incorporates Daimler’s experience from catering to the above mentioned segments through its nine-metre long buses with an emphasis on safety, efficiency and comfort. Its features include Anti-lock Braking System (ABS); Electronic Vehicle Stability Control (EVSC); highest roll-over angle aiding best-in-class stability; seat belts for all passengers; largest emergency door in the segment; highly reliable fire alarm and fire protection system, optional PM2.5 air purification (Premium HEPA filter); retractable lower footstep for easy ingress; ergonomic and comfortable seating; powerful air-conditioning, anti-skid flooring and under-seat storage.

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MG Group has unveiled Starz, its coach platform, at Prawaas 5.0 in Gandhinagar, for which it claims it has already secured an initial order for 50 units.

The Starz platform is designed for applications including intercity travel, staff transportation and tourism. It will be available with diesel and alternate-fuel powertrain options. Pricing for the platform starts at approximately INR 3.9 million, with bookings opening in July 2026.

Anil Mohan Kamat, Chairman & Managing Director, MG Group, said, “India’s passenger transportation sector is undergoing a profound transformation, driven by higher expectations around safety, comfort, reliability and sustainability. Starz represents our response to these changing market dynamics. It embodies decades of manufacturing expertise, deep customer understanding and a relentless focus on innovation. More importantly, it reflects our commitment to creating mobility solutions that deliver long-term value for operators while elevating the travel experience for passengers.”

MG Group operates manufacturing facilities in Belagavi, Karnataka and Zaheerabad, Telangana. The Belagavi plant focuses on coach production, while the Zaheerabad facility supports the production of school buses, staff vehicles and other segments.

“Starz is not merely a new coach platform; it is a reflection of our long-term vision for passenger mobility. Our focus has always been to combine design excellence with engineering precision. Through Starz, we are delivering a product that is aesthetically refined, operationally efficient and built to meet the future requirements of the transportation industry,” concluded Kamat.

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Mumbai-headquartered commercial vehicle major Tata Motors has unveiled its latest passenger mobility portfolio at the Prawaas 5.0 summit in Gandhinagar, including the launch of the Ultra Prime and Starbus Prime bus ranges.

The company showcased a variety of vehicles designed for intercity, intracity and institutional transport, featuring both internal combustion and electric powertrains.

The new product lineup includes the LPO 1620 CNG, the Ultra Prime LPO 412 and the Ultra Skool 9/9 EV. Additionally, the company presented the Magic EV, the Winger Plus and the Ultra Prime RE Concept.

The new ranges feature updates to styling and interiors, along with safety systems such as driver monitoring, 360-degree cameras and reverse parking assistance.

Anand S, Vice-President and Business Head – Commercial Passenger Vehicles, Tata Motors, said, "Prawaas has been an important platform for us to engage with fleet operators and industry stakeholders, and gain deeper insights into how passenger transportation needs are evolving across the country. The showcase this year reflects our deep understanding of customer needs across applications, be it employee transport, leisure travel, school transport or last-mile connectivity. With lower operating costs of the LPO 1620 CNG, enhanced safety and comfort of the new Ultra Prime range, and the expansion of electric mobility through the Ultra Skool 9/9 EV and Magic EV, each solution has been engineered to address a specific customer requirement. Backed by our extensive service network and support ecosystem, these offerings help customers maximise uptime, improve operating economics and deliver a superior travel experience, enabling them to grow their businesses profitably."

Tata Motors is supporting its vehicle range through a network of over 4,600 sales and service touchpoints, alongside its Sampoorna Seva 2.0 service programme and fleet management solutions.

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Montra Electric has flagged off the first batch of 65 Rhino 5538 EV trucks from its manufacturing facility in Manesar. This deployment is part of an order for 260 vehicles and represents a transition toward the use of electric trucks for heavy freight transportation in India.

The trucks are intended for use in sectors such as cement, steel, infrastructure, construction and mining. The deployment aims to support the creation of electrified freight corridors.

Jalaj Gupta, Managing Director, Montra Electric (TI Clean Mobility), said, "India's heavy freight ecosystem has reached an important inflection point. Customers today are making electric trucks a part of their mainstream logistics operations rather than evaluating them through limited pilots. This shift is driving commercial-scale production at our Manesar facility, and we are proud to be supporting leading enterprises with products that combine performance, reliability and sustainability. Our focus remains on building an ecosystem that enables customers to transition confidently towards zero-emission freight."

Navneet Sethi, CEO – eMHCV, Montra Electric (IPLTech Electric), said, "The conversation around electric trucking has fundamentally changed. Fleet operators are now asking how quickly they can scale, not whether the technology works. These are the most demanding freight applications, requiring uncompromised performance, high uptime and dependable operating economics. Rhino has been engineered precisely for these requirements, delivering a compelling combination of productivity, efficiency and lower total cost of ownership. With manufacturing now ramped up, we are well positioned to support the growing demand from customers across India's industrial sectors."

The Rhino 5538 EV includes an electric powertrain and telematics. Montra Electric is scaling its production and service network to support further deliveries of the remaining vehicles.

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