A good 15m long, the Mercedes-Benz OC 500 RF 2542 has two-axles at the rear and one at the front. Its name suggests it to be German. It is therefore perhaps that a European influence is evident from the smooth surfaces and well-defined lines of the G-Python’s exterior design. The standards of fit and finish are good. A sense of sleek and muscular build apparent from the vehicle’s exterior design, the G-Python, according to Kukreja, draws inspiration from the python’s prowess and size. He drew attention to the fine curves and added, “Look carefully at the headlamps; they will remind you of the eyes of a python. They shine like diamonds”. Reflecting luxury, style and an ability to stand out, the sleek and sweeping headlamps of the G-Python coach body work make an interesting part of the facia. The facia in turn has a large windshield with a black theme patch at its bottom. The pasted windows and tall sides of the G-Python nicely complement the facia design, highlighting a good sense of proportion in the process. Like a fully grown python – a reticulated python (Malayopython reticulatus) can reach over 6.25m in length and is termed as the longest snake in the world – the G-Python luxury coach design does appear long and attractive on the Mercedes-Benz multi-axle chassis. 
 

Finer detailing
Powering the Mercedes-Benz OC 500 RF 2542 is a 388 hp, six-cylinder Mercedes-Benz OM 470 Euro VI 10.7-litre diesel engine situated transversely at the rear. It is so located that it feeds power to one of the two rear axles. Its access is governed by an engine lid at the rear. When viewed from a three-fourth angle, the rear accommodates the engine compartment access lid nicely in a large black patch. Replicating the colour theme of the facia (there is a similar albeit smaller black patch under the windshield), the large rear patch of black cleverly hides the enormity of the coach structure. It is no doubt tall and fairly enormous when viewed against a car or a van! On either side of the black patch are sleek and stylish LED tail lamps. “True to our penchant for aerodynamic styling and discreet elegance, the G-Python coach design is based on a modular concept,” said Kukreja. “As much as the exterior, there’s much attention that has gone in the designing and building of the interior too,” he added. Containing diffused lighting, a warm shade of blue and white, the interior exudes a touch of luxury and elegance, much the same way the exterior does. 
 

Employing CR tubes and fire retardant FRP material in its construction, the interior of the G-Python coach design offers good space between each seat row. The seats of the reclining variety are designed and positioned to offer maximum comfort and leg room for passengers. This makes for a relaxing atmosphere. Cabin isolation is brought up to speed with much use of insulation material. “There’s been a good deal of innovation that has gone into the noise isolation of the cabin,” averred Kukreja. With maximum luggage compartment space, easy to operate functions and a long list of optional features like heating, AC, LED screens, mobile-laptop charger, metallic paint, infotainment system, pantry and chemical toilet etc., the G-Python, when it comes to features, offers almost all the bells and whistles. “From the very inception of the design, we made sure that we could accommodate each and every feature that a coach operator could ask for,” Kukreja remarked. “The colour combination and graphics is optional.” 
 

Stating that the attention to European standards has ensured superior built quality, Kukreja said, “From the safety point of view, we have made every effort to exceed the regulatory requirements.” The G-Python coach design employs a laminated glass windshield. The pasted windows on the sides are of the toughened variety. The emergency door has been situated at the rear. Conforming to the bus code, the G-Python seeks proximity to a European integral coach design. It is capable of seating 53 passengers. Available in ‘semi-sleeper’ guise as well, there are no plans to introduce a ‘sleeper’ version as of now. “We may offer a ‘sleeper’ version in the future,” said Kukreja.  
 

An eye for quality 
Built with close attention to quality at Guru Ram Dass Body Builders’ Sonipat facility in Haryana, the G-Python coach body design flaunts a super strong reinforced structure that is crash resistant. It is backed by a pan-India after sales support. Offering ease of maintenance and service through easy accessibility to key aggregates and parts, the luxury coach body design is subject to regular updating, according to Kukreja. “This is in line with our philosophy to keep improving a design and incorporate new developments in bus/coach body design and development,” he added. Explaining that his company’s modern plant at Sonipat has state-of-the-art paint booth, shearing and press brake machines, an R&D centre, shower booth and an FRP moulding facility among others, Kukreja said, “The build quality of the G-Python is in line with the company’s quality management system and regulatory requirements.”  

Stressing on a robust quality control mechanism in place at GRD’s Sonipat plant to ensure thorough inspection of every material that is procured and every weld joint that is carried out on the structure, Kukreja expressed, “Trained professionals use calibrated measuring instruments and various other machines as part of the quality management system.” “There’s a ‘Red Table Area’ in the Sonipat plant where the selected and reject material are segregated,” he added. Explaining that the G-Python will complement the existing G-Dolfino bus body design, Kukreja averred, “They are more or less parallel offerings.” “The G-Dolfino was launched in 2019 and the G-Python was launched in June 2021,” he said. Asked if the G-Python coach body design would fit a 12m long front-engine bus chassis like the BharatBenz 1624, and Kukreja was quick to answer, “Modifications in the floor structure should make it possible.” Whether it would be done at once? Kukreja is not in favour it seems. “We will take a call on whether we want to offer the G-Python luxury coach body design on any other chassis than a rear engine multi-axle one,” he announced. “For the 12m long front-engine BharatBenz 1624, we have yet another fine design in the form of the G-Dolfino,” he concluded. The G-Dolfino, it should not take long to understand, is inspired by a Dolphin!
 

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Reporting a revenue of over INR 500 billion for the first time, up 12 percent year-on-year, on the basis of automobiles are spares in FY25, Bajaj Auto Ltd has revealed that volumes rose seven percent YoY during the respective period with a strong performance in the first half and a relatively soft performance in the second half.

Observing a solid rebound (double digit volume and revenue growth) in exports, the Pune-based company earned an all-time high EBITDA of INR 101 billion, up 14 percent YoY. PAT also hit a new record at over INR 80 billion. With a revenue of around INR 55 billion from electric vehicles (20 percent of its domestic), the company, with a full PLI certified portfolio, underlined its organisation agility and adaptability with significantly improved unit economics in a journey spanning over the last three years.

With the refreshed Duke 200/250 and the new Adventure 390, the KTM portfolio of Bajaj Auto experienced strong momentum in FY25. Also the Triumph motorcycle portfolio with sales up 60 percent YoY. The KTM and Triumph motorcycles sold one lakh units domestically

The commercial vehicles portfolio of the company comprising mainly of three-wheelers saw a revenue increase of over INR 100 billion. It combined the tradition ICE vehicle business and the newly developed electric vehicle business. The launch of GoGo electric three-wheeler and a wide network of over 850 dealerships helped to increase the momentum.

Image for representative purpose only. 

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Disruptive events such as the Red Sea crisis and the Russia-Ukraine war have caused a need to have a closer look at the role of Chief Financial Officers (CFOs). A renewed approach demands that CFOs act as a change catalyst within the automotive supply chain to tackle future hurdles. To ensure stability in the Indian automotive industry filled with technological advancements, especially in alternative energy vehicles, CFOs are acting as co-pilots of transformation in the Indian automotive supply chain, opined Former Additional Secretary of the Department of Commerce, Government of India, Anand Swarup, during the ACMA CFO and Supply Chain Conference on 28 May 2025, in New Delhi.

The event brought to the forefront discussions on how the role of CFO’s has been changing over the year and saw participation from speakers from different organisations, including Maruti Suzuki India CFO Arnab Roy, among others. 

The speakers highlighted the evolution of customer demands, market dynamics and innovation due to the volatile business environment. Speaking at the event, Partner and National Auto Tax Leader at EY India, Saurabh Agarwal, said, “The CFO no longer works as an accountant, but dons multiple hats such as a risk manager and a strategic partner for resilience.”

“The leader must focus on execution and being agile in a dynamic environment to build strong relationships with other departments and ensure faster time to market. Staying agile will help an OEM to better handle changing customer demands and be able to introduce new features and variants faster,” he added.

Enumerating how flexibility helps the CFO devise strategies for optimising auto production, managing risks and adapting to supply chain disruptions, Roy said, “Real-time decisions must be made in today’s volatile world. As a result, the CFO’s role is now expanding to cover a gamut of subjects such as sustainability, location strategy and choice of appliances. Since we are within a multi-dimensional environment at present, the CFO’s role is moving from a cost controller to a continuity architect.”

Further describing the changing role of a CFO in a volatile uncertain complex and ambiguous world, it was discussed that CFOs must act as change catalyst in the automotive supply chain. While enumerating the above, Anant Swarup said, “The CFOs are not naysayers and their image of being cost-cutting agents is gradually changing. They are supply chain whisperers and co-pilots of transformation. Data-driven risk modelling helps them make accurate future decisions and turns them into participative entities.”

The current world scenario mandates a CFO’s financial expertise to assess vendor performance, identify cost-saving opportunities and process improvements, analyse costs and mitigate supply chain risks. Alluding to the same, Roy explained, “The CFO can build a resilient supply chain through cash visibility and crisis foresight. Relocation with risk-adjusted precision is necessary as it helps prepare risk-adjusted return-on-investments models for various situations. The CFO must also build redundancies and incorporate inventory industrial planning into the company’s business plan. As the world de-globalises due to geo-political scenarios, auto manufacturers are being forced to reassess their supply chains.”    

“Seventy-five percent of automotive revenue is attributable to raw materials. Supply chain management provides a competitive edge. Yet another role for the CFO would be to optimise capital for crisis situations that may include geopolitical shifts,” Roy added.  Speaker Sunil Bohra, CFO, Uno Minda Group, while describing how CFO’s act as change catalyst in automotive supply chain, said, “Every automotive plant in India produces roughly 14,000 parts.” He explained that supply chain management must account for cost control and operational efficiency, leading to effective allocation of resources, high profitability and less waste. It is the supply chain-CFO partnership that decides the future of automotive companies and manufacturers.

Though geo-political scenarios are predominantly uncertain, CFO’s have the arsenal to make calculated decisions for mitigating risks. EY India Partner, Tax, Pankaj Jain, explained, “When changes happen at the geo-political level, we must take some calls. For example, one such concept could be focusing on developing tier II and tier III vendors in India.”

The speakers also discussed on how discipline and immense hard work during the entire shift has helped China reach where it is in the auto manufacturing sector. Highlighting the Indian scenario vis-a-vis China, President- Finance and Strategy at Minda Corporation, Ajay Agrawal, said, “India must stop trying to beat China in the manufacturing industry right now since we have only been in the supply chain business for 2-3 years. The best way forward is for us to partner with China.”  

A smart supply chain-CFO partnership is possible through digitalisation. The CFO's role today has undergone a paradigm shift, making him a partner of strategic convergence across the supply chain, finance and digitalisation as the partnership is no longer just an operational topic.

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Gurgaon-headquartered BMW India Financial Services, the subsidiary of the BMW Group, which focusses on retail finance, commercial finance and insurance solutions, has appointed Andreas Modlmayer as the new Managing Director and Chief Executive Officer.

He succeeds Jaejoon Lee, who successfully led the company as a leading end-to-end automotive financial solution for the BMW brand in the country.

Modlmayer has been associated with the BMW Group since 2000 and was the CEO of BMW Austria Bank in Greece. He has extensive leadership experience for BMW Group Financial Services and has worked across geographies such as New Zealand, China and Hong Kong. He started his career with BMW Bank Munich in Sales and Marketing function.

Lisa Ng, Regional Chief Executive Officer of BMW Group Financial Services for Asia Pacific, said, “Andreas Modlmayer brings with him valuable expertise and leadership acumen, with successful development of BMW Financial Services in diverse markets for over two decades. India is an important market for us, and we are confident that he will further add to the company’s growth as he takes charge of BMW India Financial Services.”

“We thank Jaejoon Lee for his immense contribution to BMW India Financial Services in the recent years. He successfully steered the company with new initiatives in product offerings and customer centricity and strengthened the foundation for future growth. We wish him all the best as he returns to BMW Korea once again,” added Ng.

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Two-wheeler and commercial vehicles major Eicher Motors has reported its record financial results for FY2025.

For the quarter ending 31 March 2025, Eicher Motors reported its highest-ever quarterly revenue from operations at INR 52.41 billion, marking a 23.1 percent increase over the same period last year. Quarterly EBITDA rose 11.4 percent to INR 12.58 billion, while net profit surged 27.3 percent to INR 13.62 billion.

Royal Enfield registered its highest-ever quarterly sales during Q4, with 280,801 motorcycles sold, up 23.2 percent YoY.

For fiscal 2025, Eicher Motors reported revenue of INR 188 billion, a 14.1 percent increase over FY2024, EBITDA rose 8.9 percent to INR 47.12 billion, while PAT stood at INR 47.34 billion, up 18.3 percent YoY.

The company also reported that Royal Enfield crossed the 1 million mark in annual sales for the first time in its history, clocking 1,002,893 units, up 10 percent YoY. Domestic sales grew 8.1 percent to 902,757 units, while exports surged 29.7 percent to 100,136 units.

The iconic brand launched six new motorcycles during the year, including the Guerrilla 450, Bear 650, Classic 650, Goan Classic 350, the 2024 Classic 350 (featuring a Factory Custom Programme) and the Scram 440.

Royal Enfield also made its debut in electric mobility with Flying Flea, a city+ EV brand inspired by the 1940s model of the same name. The new EV line-up is set to launch its first product by 2026, blending classic aesthetics with cutting-edge technology.

To strengthen its international footprint, Royal Enfield inaugurated its first fully owned CKD (completely knocked down) assembly plant in Thailand and announced a second CKD unit in Brazil aimed at serving the LATAM region. It also expanded operations in Bangladesh with a new manufacturing facility and flagship showroom.

Eicher Motors’ commercial vehicle arm, VECV, also posted a strong performance in a flat market. It reported annual revenue of INR 235.48 billion, up 7.7 percent from the previous year. PAT rose 57 percent to INR 12.86 billion, while EBITDA stood at INR 20.23 billion. The company sold 90,000 vehicles in FY2025, a 5.4 percent YoY growth.

VECV introduced the Eicher Pro X range – electric small commercial trucks assembled on an all-woman assembly line – as part of its push for sustainability and inclusivity. Volvo Trucks, part of the joint venture, launched India’s first FM Road Train for efficient long-haul logistics and also began deliveries of LNG-powered trucks.

Siddhartha Lal, Chairman, Eicher Motors, said, “We have had a remarkable year at EML and have reported exceptional performance across both Royal Enfield and VE Commercial Vehicles. In the motorcycle business, the middleweight segment saw a lot of action from our peers. Remaining unfazed and maintaining focus on our strategic goals and community, Royal Enfield stood head and shoulders above everyone else to sell one million motorcycles annually, for the first time in its history. With several global award winning and category defining motorcycles now sitting within the Royal Enfield portfolio, we are super excited and confident about the possibilities that lie ahead of us. At VECV also we saw record-breaking volumes and a strong performance despite the prevailing challenging market conditions. What excites me the most is that we have done it all quietly, consistently and with a sense of purpose. We balanced creativity with rigour, legacy and progress in a way that’s unique to our company and I genuinely believe we are just getting started.”

B Govindarajan, MD, Eicher Motors and CEO, Royal Enfield, said, “FY25 was an incredible year for Eicher Motors and Royal Enfield. We delivered our best-ever financial performance and despite a slow start to the year, we built strong momentum in the second half, launching six new motorcycles, achieving a record festive season and seeing healthy demand across all our products. We also strengthened our international footprint, with consolidated exports surging 29.7 percent to 100,136 units and opened new CKD operations. We also marked our entry into electric mobility with Flying Flea, our city+ EV brand that brings together timeless design and modern tech. It’s been a year of growth, resilience and execution and we are excited for what lies ahead.”

Vinod Aggarwal, MD & CEO, VE Commercial Vehicles, said, “VECV continued to outperform a nearly flat industry in FY2025, with vehicle sales growing 6 percent to 90,161 units. Our company closed the year as a market leader in the Indian 5-18.5T Light and Medium Duty truck segment and recorded its highest ever deliveries across key business verticals.”

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