Recording a 353 percent increase in the revenue for the first quarter of FY2021-22 at INR 29,510 million in comparison to the revenue generation of INR 6,510 million in the corresponding quarter of FY2020-21, Ashok Leyland is confident of a strong demand emerging post the second Covid-19 wave. Clocking export volumes of 1,437 units in the first quarter of FY2021-22, up 254 percent when compared to the export of 405 units in the first quarter of FY2020-21, the commercial vehicle manufacturer is concentrating on vaccination and the adherence of safety protocols to try and ensure that all its stakeholders stay protected from a potential third wave. Experiencing a 1,041 percent growth in domestic M&HCV volume in the first quarter of FY2021-22, which is almost twice than that of the industry growth volume at 562 percent during the same period, the company has reported a net loss of INR 28,20 million in the first quarter of FY2021-22 as against a net loss of INR 38.90 million in the corresponding quarter of FY2020-21. Selling 8,690 LCVs in the domestic market in the first quarter of FY2021-22, up 224 percent as compared to the sale of 2,686 LCVs in the corresponding quarter last fiscal, Ashok Leyland is closely observing the way the freight rates are shaping up. It is confident that freight rates will improve with higher availability of commercial vehicles once the Covid-19 subsidies and uncertainty fades. “We are hoping for the volumes to grow higher as the market gets better,” mentioned Mahadevan. “July (2021) has been a growth month,” he added. Stressing that they have had eight months of degrowth, Mahadevan said, “Economic growth will induce growth in CVs.”

CV trends
Working on a strategy for a robust domestic and exports growth, the commercial vehicle major is appointing dealers in Africa. Looking at gaining good traction in South East Asia, Ashok Leyland will launch new products in the LCV segment even though not in the immediate quarter. Buoyed by the international markets opening up and experiencing export thrust, the company is said to be testing an electric version of its LCV platform on which the Bada Dost is based in the UK. This vehicle is expected to be launched at the end of this fiscal or in the first half of the next fiscal. Of the opinion that electric vehicles are catching up, especially at the local point of use, on the encouragement of the governments, Mahadevan averred, “It is more to do with buses, but trucks will catch up.” Seeing a trend of petrol commercial vehicles in the low-tonnage segment of sub-1 tonne to 1.5 tonne, Mahadevan drew attention to the push on CNG. “We are ready in the LCV and ICV (segment),” he added. Of the firm belief that diesel vehicles will continue and the IC engine will coexist and not die overnight, Mahadevan said, “We are ready to cater to higher demand.” 
 

Watching closely how freight operators are able to pass on the fuel price hike to their end customers, Ashok Leyland is hoping that bus commute will pick up. A 40,000 units per annum market, according to Mahadevan, buses have been severely affected due to the Covid-19-led disruption. Delivering 40 electric buses to the city of Chandigarh recently (from where it has bagged an order to build and maintain e-buses with quick charging technology), Ashok Leyland is expecting pent-up demand to show up once normalcy returns. Also expecting demand to show up because of the need to ferry people without sacrificing social distancing norms, Mahadevan drew attention to their work towards further strengthening their position in the bus and LCV market segments. With the talk of schools reopening in regions where the Covid-19 infections are down, and the relaxation in Covid-19 norms in some region allowing more employees to return to their offices, bus demand is expected to improve post witnessing a sudden downfall mid-last year. Through the establishment of Switch Mobility, Ashok Leyland is keen to experience a speedier ride in the ‘cleaner and greener’ bus space. 
 

Managing costs and productivity 
Eyeing international markets like the US, Europe and Japan, the company, through the Switch Mobility subsidiary, has worked with a few consultants to make sure that its data points and numbers are on par with the current situation. Under Switch Mobility, it is developing new products to present an advantage of unique position in terms of value and premium positioning. For its Switch Mobility subsidiary that includes the erstwhile Optare of UK, Ashok Leyland has managed to get USD 18 million worth of investment from Dana Incorporated (Dana), a US-based manufacturer of drivetrain and e-propulsion systems. To do de-bottlenecking once enough demand is evident, Ashok Leyland, investing sufficiently in terms of capex, is confident of seeing early growth sprouts in LCVs. Therefore, if it were to do immediate capex investment, it would be in LCVs. Discussing with scrappage centres post the announcement of the scrappage policy, Ashok Leyland, the second-largest CV maker in the country, is witnessing good traction from its other business verticals like defence, power solutions and aftermarket. They are contributing to its top line. 
 

With the pace of vaccination picking up and positively setting in, Ashok Leyland is expecting a demand spike in commercial vehicles after the fear of a third Covid-19 wave is over. This, according to Mahadevan, could happen in the second half of this fiscal. Focusing on costs, productivity and middle level management, the commercial vehicle major is also concentrating on reducing its carbon footprint. Apart from announcing strategic steps to move towards net zero carbon mobility through Switch Mobility, Ashok Leyland, said Mahadevan, has formed an ESG committee of the Board. The committee will guide and propel the commercial vehicle manufacturer to achieve its sustainability agenda.
 

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Horse Powertrain has introduced the HORSE W30, marking the company’s first production-ready V6 engine, ahead of its official display at the Beijing Auto Show 2026. Known for low-emission powertrain systems, the manufacturer has now applied its expertise in three- and four-cylinder engines to the V6 category for the first time.

The newly developed 3.0-litre engine is positioned as the lightest V6 on the market, weighing only 160 kilogrammes, which is approximately 10 kilogrammes less than its closest competitor. Designed with a hybrid-first approach, the HORSE W30 delivers outstanding fuel economy and efficiency. Its two cylinder rows are offset at a 90-degree angle to lower the centre of gravity, improving installation ease and catalyst layout. The engine can be configured either transversely or longitudinally, allowing broad vehicle compatibility.

Performance specifications include an output range of 350 to 400 kilowatts and torque between 600 and 700 Nm, with a maximum engine speed of 8,000 rpm. Integrated exhaust manifolds and turbochargers mounted directly on the cylinder heads help maximise efficiency. Intended for both mild- and full-hybrid vehicles, the first models featuring the HORSE W30 are expected on roads by 2028.

To showcase the engine’s hybrid-first mindset, Horse Powertrain will also present the new HORSE 4LDHT four-speed hybrid transmission at the Beijing show. Weighing 199 kilogrammes, the transmission is designed for a P1 plus P3 mounting configuration. The P1 motor, which supports the crankshaft and charges the battery, can output between 250 and 300 kilowatts, while the P3 motor for driving support can deliver between 350 and 450 kilowatts.

Horse Powertrain will display the systems at the Beijing Auto Show 2026 in Hall A1, Booth A111. A press conference on its strategic vision and hero products is scheduled for 24 April 2026 at 11:40 AM China Standard Time.

Matias Giannini, Chief Executive Officer, Horse Powertrain, said, “At Horse Powertrain, we believe we can offer automakers unprecedented economies of scale and innovation by consolidating the powertrain production and development pipeline that traditionally would have been replicated by many individual OEMs, allowing everyone in the industry to benefit from best-in-class technologies. The HORSE W30 is clear proof of this concept – bringing our mindset and expertise to a new category, we’ve developed the lightest V6 that was designed from the outset to support hybrid vehicles.”

Fortune Zhao, Chief Technology Officer, Horse Powertrain, said, “The HORSE W30 showcases Horse Powertrain’s technological versatility and represents our first venture into the V6 engine category. Leveraging expertise from our wide portfolio of hybrid-first engines, the HORSE W30 is lighter and more compact than any other V6 currently on the market, all while delivering superior performance. As well as embodying our engineering sophistication, it also highlights our flexibility in providing world-class hybrid solutions to every market.”

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Ferrari has revealed the livery of its 100-foot flying ocean monohull during Milan Design Week, marking a major step in offshore sailing where innovation, aerodynamics and design research converge. The project, named Ferrari Hypersail, emerges from a creative process that blends the Maranello manufacturer’s aesthetic language with cutting edge maritime technology, underscoring a deepening relationship between design, performance and engineering.

The initiative functions as an open innovation platform, merging diverse expertise into a collective effort to redefine nautical possibilities. Key contributors include the Ferrari Tech Team guided by Matteo Lanzavecchia and Marco Guglielmo Ribigini, the Ferrari Design Studio led by Flavio Manzoni and naval architect Guillaume Verdier. Their goal is to transfer into the yachting world the same design philosophy that distinguishes Ferrari’s road cars, balancing constant innovation with respect for form.

In Hypersail, design arises directly from function, with every volume shaped by the interaction of wind, water and speed. As an offshore vessel, aesthetic decisions developed under strict aerodynamic and engineering constraints from the outset. The Ferrari Design Studio worked closely with the engineering team and Verdier to turn hydrodynamic and structural limitations into aesthetic opportunities.

The monohull’s streamlined silhouette recalls the proportions seen in the Ferrari Monza SP1 and SP2. The deck’s coachroof exterior echoes the graphic architecture of the Le Mans winning Hypercar 499P. Surfaces on the deck and coachroof, developed directly by the Ferrari Design Studio, ensure maximum technical efficiency, mirroring the development process of any Ferrari car. Solar panels integrated into the deck and hull sides are walkable with a specific grip, positioned after advanced study of solar exposure during navigation.

For the livery, the studio chose Nuovo Giallo Fly, a yellow shade with deep narrative roots. Historically representing Ferrari’s second soul, Giallo Fly first appeared on the 275 GTB, inspired by Fiamma Breschi, friend of Enzo Ferrari and widow of driver Luigi Musso. The name Fly creates a linguistic link to the vessel’s foiling nature. The carbon fibre hull appears in a new grey variant, Grigio Hypersail, expressing the material’s lightness and performance. The interplay between Grigio Hypersail and Nuovo Giallo Fly evokes Ferrari’s stylistic codes, including the colour separation of the 512 BB, while the Ferrari logo on the sail continues the elongated F motif seen on recent Formula 1 cars and other models.

From 22 to 26 April, Hypersail will be exhibited at the Ferrari Flagship Store in Milan through a dedicated display. The project also includes a lighthouse installation, an exclusive sculpture by the Ferrari Design Studio on the HIGHLINE Milano terrace overlooking Piazza del Duomo, positioning Hypersail as a symbol of future technology and performance in offshore sailing.

Flavio Manzoni, Ferrari Chief Design Officer, said, “Hypersail represented an unexpected opportunity for the Ferrari Design Studio; a challenging objective due to its complexity, which allowed us to extend our creative research into a context different from our usual one. In reality, the Design Studio is not new to this kind of endeavour. In the past, the experience gained in racing car projects, one of the most technologically advanced sectors, has encouraged exploration into more complex fields, allowing us to test ourselves and expand our expertise.”

Matteo Lanzavecchia, Head of Vehicle Engineering at Ferrari and Chief Technology Officer of Hypersail, said, “Hypersail is a vessel unique in scale and technology, engineered to deliver peak performance within an environment as singular and unpredictable as the ocean. This is achieved through its core concept: foiling, made possible by a sophisticated control system, leveraging the expertise gained from our automotive developments, and powered by energy recovered from renewable sources such as wind, solar, and motion. The strategic choice of a monohull arises from the synergy between maximum hydrodynamic and aerodynamic efficiency. Throughout every design phase, the collaboration with the Design Studio allowed us to accentuate and refine Hypersail’s forms and features, establishing it as a definitive benchmark of design and innovation.”

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Amaron, the automotive battery brand under Amara Raja Energy & Mobility, has successfully engaged more than 5,000 mechanics nationwide through its Amaron Boss Mechanic programme, underscoring its dedication to India’s automotive service sector. The company now aims to dramatically expand the initiative, targeting 25,000 mechanics in future seasons.

The four-week on-ground initiative was structured around practical workshop tasks, allowing participants to showcase technical skill, speed, consistency and problem-solving abilities. A grand finale featured the Battery Boost & Endurance Challenge, a rigorous test of accuracy, pace and stamina. Winners were declared in Patna, Indore, Lucknow, Kolkata and Pune, with each receiving a new motorcycle. All finalists earned certificates and branded mementos.

By celebrating mechanics as trusted experts rather than just service providers, Amaron strengthens its grassroots connections across key markets. With plans to scale the programme into one of India’s largest mechanic engagement platforms, the initiative reflects the brand’s enduring promise of reliability and long-lasting performance.

Chandrasekar Radhakrishnan, Chief Business Officer – Automotive and Home Energy Business (India & SAARC), Amara Raja Energy & Mobility, said, “Amaron has built its brand not just through products but through strong relationships at the grassroots level, especially with the mechanic community. Every day, vehicles across India run reliably because of countless acts of quiet dedication by mechanics, and we believe great work happens in the quiet. Through Amaron Boss Mechanic, we celebrate the skill and trust that power the automotive ecosystem. The overwhelming response inspires us to take this initiative to more cities.”

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Horse Powertrain, a global leader in innovative and low-emission powertrain systems, is all set to unveil a new ‘all-in-one’ powertrain, the X‑Range C15 Direct Drive, at the Beijing Auto Show 2026. The unit consolidates a four-cylinder engine, transmission, power electronics and an electric motor into a single shared housing. Designed for rear subframe mounting, double isolated installation significantly improves noise, vibration and harshness.

This system replaces the rear electric drive unit on existing battery electric vehicle platforms. A manufacturer can maintain one common architecture across battery electric, hybrid, plug in hybrid and range extended electric model lines without substantial design or production changes. The X‑Range C15 Direct Drive joins the Horse F15 for front drive units and the Horse C15 range extender.

The 1.5-litre four-cylinder engine comes in two states. A naturally aspirated version produces 70 kilowatts for B and C segment cars. A turbocharged variant delivers 120 kilowatts for larger D segment vehicles and light commercial vans. Both integrate with a dedicated hybrid transmission and two electric motors.

The two motors follow a P1 plus P3 configuration. The P1 motor acts as a generator, outputting 70 kilowatts in the naturally aspirated variant or 110 kilowatts when turbocharged. The P3 motor provides electric traction independently in serial mode or together with the engine in parallel mode, where direct connection boosts efficiency beyond pure serial hybrids.

Depending on automaker needs, the unit can power rear wheels alone or enable all-wheel drive when paired with another electric drive on the front axle. Rear axle placement allows compact exhaust integration, freeing floor space for batteries or passengers. The unit contains a full set of power electronics ready to integrate with a DC‑DC converter, onboard charger and 800-volt booster.

Horse Powertrain will display the X‑Range C15 Direct Drive at the Beijing Auto Show 2026 in Hall A1, Booth A111. A press conference on its strategic vision and hero products is scheduled for 24 April 2026 at 11:40 AM China Standard Time.

Matias Giannini, Chief Executive Officer, Horse Powertrain, said, “The X-Range family of powertrains is about reflecting today’s market realities, allowing automakers to pivot from BEVs to hybrids and range extenders on a single platform, quickly and at scale. The X-Range C15 Direct Drive is an ‘all-in-one’ powertrain, allowing BEV platforms to be converted to HEVs, PHEVs and REEVs with little redesign or tooling changes required, dramatically reducing time-to-market, amortising BEV investments and catering to the diverse array of mobility needs in today’s global market.”

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