VE Commercial Vehicles (A Volvo Group and Eicher Motors joint venture) unveiled a range of future-ready mobility solutions from the Eicher and Volvo brands, at Auto Expo 2023 today. Under the banner of VECV’s vision of smart sustainability, the company showcased its expanded EV and natural gas portfolio. Also on show are a range of alternative fuel prototypes, building on VECV’s leadership in driving modernisation in bus and truck transport in India and the developing world, the company claims.

The Eicher brand unveiled India's longest 13.5m electric intercity coach and the Eicher Pro 2049 electric 4.9 T GVW truck. Built on Eicher’s proven EV platform, the Eicher Pro 2049 electric 4.9 T GVW truck is specifically developed for economical and clean last-mile applications, VE Commercial Vehicles states. Also on display is the Eicher Pro 8055 LNG/CNG truck, designed specifically for meeting needs for clean transport in long-haul applications. While managing longer range on LNG, the Eicher Pro 8055 is capable of transitioning to use CNG fuel by the simple turn of a switch, well suited to leverage the rapidly expanding CNG distributor network.

Volvo Trucks showcased the Volvo FM LNG 420 4X2 Tractor, which is undergoing extensive trials with leading e-commerce operators in long-haul hub-to-hub operations. The Volvo LNG solution is based on the unique diesel-cycle technology that provides 15-20 percent improvement in fuel economy over petrol or Otto-cycle technologies, states the company.

Volvo Buses presented its state-of-the-art 15m Volvo 9600 luxury coach. Built on the Volvo 9600 platform, the coach offers first-class luxury seating for an exclusive travel experience, as per the bus manufacturing company.

VECV also showcased prototype Eicher Hydrogen Fuel Cell Truck and Hydrogen ICE technology engine at the Auto Expo 2023, claims the company. These next-gen technologies are aligned with the Government of India’s Green Hydrogen Mission and offer a promising path to zero tail-pipe emissions.

According to VE Commercial Vehicles, all Eicher and Volvo trucks and buses are supported with a wide variety of support solutions. Enabled by the industry-first 100 percent connected fleet and state-of-the-art uptime centre, these app-based smart support solutions ensure higher productivity and efficiency or trucks, buses, drivers and fleet managers, further reducing their collective carbon footprint.

Speaking on the occasion, Vinod Aggarwal, Managing Director and CEO, VECV, said, “As a successful Volvo Group and Eicher Motors JV, VECV was the first to build and introduce modern BS VI technology in India. Eicher and Volvo trucks and buses are backed by our 100 percent connected ecosystem, which helps deliver on our promise of productivity and uptime for our customers. The electrification of the CV industry has already started with buses, and we believe that a range of alternative fuels, including LNG, ethanol and hydrogen, are essential to lead decarbonisation of the CV industry. Under the banner of smart sustainability, VECV is well poised to harness this opportunity and play a transformative role for the Indian CV industry.”

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Electric commercial vehicle leasing platform DRIVN and private intercity bus operator Prasanna Purple Mobility Solutions, operating as Purple Bus, have expanded their electric fleet agreement to 276 buses.

The agreement increases the initial commitment of 100 electric buses, utilising an operating lease model and fleet management software.

The initial deployment covered intercity routes in Western and Southern India, including the Mumbai–Pune, Bengaluru–Chennai and Hyderabad–Vijayawada corridors. The expanded fleet under the Letter of Intent will cover additional routes, including Nagpur–Chandrapur, Nagpur–Amravati and Bengaluru–Tirupati.

DRIVN will supply asset financing, leasing, charging infrastructure management, real-time battery diagnostics and route performance analytics to support the deployment.

Alpna Jain, Co-Founder and Chief Business Officer, DRIVN, said, "Expanding our partnership with Purple Bus marks an important milestone for us at DRIVN. Increasing the initial agreement from 100 buses to a commitment of 276 reflects the strength of the relationship we have built with the team. Our focus is to simplify the transition to electric commercial vehicles by bringing together the financing, vehicles and tech capabilities operators need to run their fleets effectively. We look forward to continuing our work with Purple Bus as its requirements evolve."

Saurabh P Patwardhan, Director, Purple Bus, said, "Our experience with the initial deployment has reinforced a key learning: scaling electric mobility requires not only putting more electric buses on the road, but also building the right ecosystem around them. A nearly three-fold growth in the commitment from our partner reflects our confidence in that approach and our intention is to make electric mobility a larger part of our operations. DRIVN combines operational expertise with a strong technology platform, using real-time data and insights across routes, vehicles and fleet performance to support smarter deployment. We believe this combination will be critical to scaling electric intercity mobility sustainably and efficiently."

The partnership combines Purple Bus's route operations with DRIVN's leasing and data infrastructure to support the transition to electric intercity passenger transport in India.

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Mumbai-headquartered automotive major Mahindra & Mahindra has commenced commercial production and supply of the MAXSEEDER, a precision zero-till, multi-crop seeding machine manufactured under licence from Canadian firm Clean Seed Technologies.

Built at Mahindra's farm machinery plant in Pithampur, Madhya Pradesh, the machinery will launch initially through dealerships in Punjab and Haryana before expanding to other domestic and international agricultural markets.

The MAXSEEDER operates as a tractor-trailed unit compatible with tractors rated at 35 horsepower and above. Engineered for multi-crop seeding across wheat, rice, soybean, maize and cotton, the machine enables direct sowing into paddy residue to eliminate stubble burning.

It features five independent row units with adjustable spacing, multiple metering options and an Electronic Control Unit controlled via a smartphone application to regulate seed and fertiliser dispensing. The unit places urea approximately 1.5 inches below the seed line to improve nutrient uptake and lower input consumption.

Field trials conducted in Punjab and Haryana demonstrated the machine's ability to operate in heavy crop residue with minimal soil disturbance, reducing fuel, labour, and field preparation requirements ahead of planting cycles.

Veejay Nakra, President of the Farm Equipment Business at Mahindra & Mahindra, said, "Mahindra is proud to partner with Clean Seed to deliver sustainable, mechanisation solutions to farmers world over. The patented and innovative ‘zero-till’, multi-crop seeding machine – the MaxSeeder, combined with Mahindra’s world-class manufacturing, ensures benefits for both farmers and the environment. The collaboration also underscores Clean Seed’s confidence in Mahindra’s capabilities and our shared commitment to advancing access to modern farm machinery globally and in India, while showcasing Indian manufacturing excellence on the world stage."

Graeme Lempriere, Chairman and Chief Executive Officer of Clean Seed Capital Group, said, "Seeing our SMART Seeder MINI-MAX enter production at Mahindra is a proud milestone and a testament to years of innovation, collaboration and belief in our vision of delivering sustainable seeding and planting solutions for farmers in India and around the world. I am deeply impressed by Mahindra's scale and manufacturing capabilities and inspired by the commitment and passion the Mahindra team has brought to this project."

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Chennai-headquartered commercial vehicle manufacturer Ashok Leyland, the flagship company of the Hinduja Group, has signed a Memorandum of Understanding with Tamilnad Mercantile Bank to provide financing solutions for purchasers of its trucks and buses.

The agreement was executed by Neelakantan, Vice-President of Finance at Ashok Leyland and R. Ananda Ganesan, Executive Vice-President and Country Head of Credit at Tamilnad Mercantile Bank, in the presence of Salee S Nair, Managing Director and Chief Executive Officer of Tamilnad Mercantile Bank.

Under the partnership, Tamilnad Mercantile Bank will extend end-to-end vehicle loans with structured repayment schedules across Ashok Leyland's range of light, medium and heavy commercial vehicles.

The partnership leverages Tamilnad Mercantile Bank's network of over 600 branches, with coverage across rural, semi-urban and commercial hubs in Tamil Nadu and South India. The initiative aims to increase credit accessibility for transport operators, fleet owners, small and medium enterprises and agricultural businesses purchasing commercial vehicles.

K M Balaji, Whole-Time Director and Chief Financial Officer, Ashok Leyland, said, "We are pleased to partner with Tamilnad Mercantile Bank (TMB) to provide accessible and convenient financing solutions to our customers. Financing plays an important role in enabling customers to invest in commercial vehicles and grow their businesses. This partnership will further strengthen our customer-centric approach by facilitating greater access to finance for customers purchasing Ashok Leyland trucks and buses. We look forward to a meaningful and long-term association with Tamilnad Mercantile Bank (TMB)."

Madhavi Deshmukh, Senior Vice-President and National Head of Sales for Medium and Heavy Commercial Vehicles, Ashok Leyland, said, "Our customers are at the heart of everything we do, and ensuring easy access to financing is an important part of supporting their business journeys. By joining hands with Tamilnad Mercantile Bank (TMB), we are extending another avenue for customers to access timely financing support. The partnership will help improve vehicle penetration across regions and ensure that customers can benefit from faster turnaround times and tailored financing offerings that suit their operational requirements."

Salee S. Nair, MD and CEO, Tamilnad Mercantile Bank, said, "We are delighted to partner with Ashok Leyland, a leading name in India’s commercial vehicle industry. Through this partnership, TMB will offer tailored financing solutions backed by seamless processes and customer-centric service. By leveraging the combined strengths of TMB's robust banking network and Ashok Leyland's extensive market presence, we aim to support business growth and drive greater mobility for transport operators and fleet owners."

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India’s transportation sector recorded growth across vehicle categories in September 2026, driven by festive dispatches and core sector demand, according to the Shriram Mobility Bulletin.

Truck rentals remained stable across key trunk routes, remaining above levels recorded during the same period in the previous year.

The company finds that on a MoM basis, rentals on the Bengaluru–Mumbai–Bengaluru route grew by 1.3 percent, followed by the Delhi–Mumbai–Delhi route at 1.1 percent and the Delhi–Hyderabad–Delhi route at 1 percent.

The YoY perspective showed increases on all monitored routes, led by Delhi–Kolkata–Delhi at 13 percent, Bengaluru–Mumbai–Bengaluru at 11 percent and Kolkata–Guwahati–Kolkata at 10 percent.

Vehicle dispatches reflected sequential expansion in core industries. Construction equipment sales rose 31 percent MoM, earth-moving equipment increased 17 percent and goods carriers grew 13 percent. Passenger cars and two-wheelers each recorded a 4 percent sequential rise, whereas agricultural tractors fell 15 percent and commercial tractors declined 22 percent.

On a YoY basis, maxi cab sales grew 75 percent, three-wheeler goods vehicles rose 63 percent and goods carriers increased 40 percent. Agricultural trailers recorded a year-on-year decline of 27 percent.

Electric vehicle adoption increased across all monitored segments. Electric two-wheelers recorded a 13 percent MoM rise and a 111 percent YoY gain. Electric passenger cars grew 12 percent sequentially and 143 percent YoY, while electric three-wheelers increased 8 percent MoM and 113 percent YoY.

Sudarshan Holla, Joint MD & COO, Commercial Vehicles, Shriram Finance, said, "Firm truck rentals amid festive dispatches, strong two-wheeler demand, accelerating EV adoption, and healthy sales of heavy-duty trucks and construction equipment all point to resilient economic activity. Importantly, the strength seen in commercial vehicles and construction equipment indicates continued momentum in infrastructure and core sectors, reinforcing a positive outlook for the broader economy. Concerns of a potential interest rate increase during the festive season may be a sentiment dampener."

Interestingly, fuel consumption data showed a 2 percent sequential rise in diesel use alongside a 5 percent decline in petrol consumption. On a YoY basis, petrol and diesel consumption increased by 7.2 percent and 4.9 percent, respectively. FASTag collections fell 3.9 percent in volume and 1.2 percent in value MoM, though YoY collection value increased by 11 percent.

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