Safety and emission reduction, though not paramount, are gaining traction in the Indian commercial vehicles space. Wabco India, which has been acquired by ZF, is bullish on the market which is being driven by regulations and trends. According to P Kaniappan, Managing Director, WABCO India Ltd, the new independent Commercial Vehicle Control Systems division with ZF will offer better value and service to the Indian customers in the local context. The company keeps focusing on bringing its global capabilities to cater to new regulations and demand for advanced driver assistance, braking, stability control, suspension, transmission automation and aerodynamics to improve safety, efficiency and connectivity of commercial vehicles.

ZF Friedrichshafen completed its USD 7 billion acquisition of commercial vehicle technology supplier Wabco Holdings amid the pandemic last year. The integration is still underway and is expected to finish in early 2022. As part of the process, the company’s initial focus was to ensure seamless business continuity with customers and to assure employees that the acquisition is another part of the business. “From day one, we had communication with all our employees, giving them the rationale and logic of this merger with the customer centricity approach for which we are known in India and globally,” said P Kaniappan, Managing Director, WABCO India Ltd.

The acquisition is expected to create a powerhouse in the commercial vehicle space, offering better value and service, catering to demand for safety, dynamics controls, air suspension systems, fuel efficiency, emission reduction, fleet management and connectivity.

Wabco, which will be the 10th division of the Germany-based technology company, will operate as the independent Commercial Vehicle Control Systems division within ZF.

“We are updating our customers on the integration process, which is taking place at a global level. The integration process is very structured and professionally aligned internally,” added Kaniappan.

Wabco is the leading global supplier of braking control systems and other advanced technologies that improve commercial vehicles’ safety, efficiency and connectivity. Wabco is present in India for more than 60 years. Powered by its vision for accident-free driving and greener transportation solutions, Wabco India provides industry-leading solutions in the autonomous, connected and electric (ACE) domains to the commercial vehicle industry in India.

Currently, Wabco India Limited is a world-class manufacturer and local market leader in advanced braking systems, conventional braking products and related air assisted technologies and systems in India. Headquartered in Chennai, Wabco India has five manufacturing facilities, an advanced technology development centre, a vehicle testing facility and a nationwide aftermarket distribution and services network. Wabco India is committed to the long-term success of its customers by leveraging Wabco’s robust global technology portfolio.

Though Kaniappan agrees that the integration would have been a smoother ride if the pandemics had not caused subsequent lockdowns, he said the employees’ safety and health have always been paramount for the company. “Yes, the focus could have been much more intense (on the integration), and the timeline could have been shorter. But by the time we started the integration, the pandemic was already affecting the world. So that’s the reason we had to stretch the integration deadline.”

Wabco is betting high on all its product range considering the new regulations related to safety, emission, fuel economy and total cost of ownership. According to Kaniappan, Wabco braking system will remain the main growth driver for the company. India has been traditionally the drum brake system market. However, with the growing emphasis on safety and new mobility, the Indian auto industry is slowly moving on to the air disc brake (ADB), which offers better safety, service, comfort and overall cost. The ADB offers a shorter stopping distance, consistent brake performance and very high mechanical efficiency. The prime advantage of ADB is in weight reduction; the single-piston allows to deliver the same performance with a significantly lower number of components, which in turn minimises parts failure. The company launched disc brake systems for the bus segment, mainly for the front axle. “Within our brake system, the company also aims to improve the efficiency of the braking system that consumes energy,” added Kaniappan.

He also added that the increased axle load norm demands improvement in the braking system. As a result, the company has upgraded all its braking system products to support the customers, which involves upsizing the compressors or optimising the size of the compressors, upgrading the air management system products, and in some cases, changing the actuators and other elements of the braking system to handle the higher axle load requirement.

Commercial vehicles, trucks, buses and multi-axle vehicles account for a third of road accidents in India. About 84 percent of accidents occur owing to loss of control.

India is also in the process of making electronic stability control (ESC) mandatory soon. The draft notification has been issued for the ESC for buses, which is expected to come into force by April 2023. It aims to achieve higher standards of safety for all categories of vehicles. Wabco India has already been supplying Electronic Stability Control (ESCsmart) for trucks and buses. The ESCsmart improves vehicle stability during highly dynamic driving manoeuvres. ESCsmart provides yaw control on low friction road conditions and roll stability control on high-friction road conditions. It operates independently of driving and load conditions and delivers outstanding control quality due to self-adapting capabilities on the road.

In addition, Indian customers are now testing and evaluating some advanced emergency braking systems for collision avoidance, which immediately assists and alerts the driver. The Wabco executive expects autonomous emergency braking (AEB), which has collision warning systems and collision mitigation systems, will soon be introduced in India. “The technologies available with both companies are to be localised at an appropriate time,” he added.

Wabco India also offers solutions to make air suspension intelligent. The company’s air suspension with electronic control air suspension technology (ECAS) is an alternative to the steel-spring suspension. It improves fuel economy, increases ride comfort, enhances passenger safety and improves vehicular stability. With this technology, the vehicle can sense the road and distribute the load, and the whole system can be raised or lowered to give reduced drag and roll-over protection. Usually, on bumpy roads, air depletes in the suspension; however, ECAS can ignore small humps on the road and air depletion will occur only during the heavy bumps. “With the ECAS, we can reduce air consumption, resulting in saving fuel. As every vehicle goes through a bumpy road, the air depletes. Our electronic control can programme the system so that it does not deplete, and it improves the fine balance of the compressor running. Plus, it can also raise and lower the height of the vehicle’s suspension. This fuel-saving technology will find its place due to CAFÉ norms. This technology is also progressively coming into the Indian market, and we are working with some customers,” added Kaniappan.

Tyres are the only component that touch the road, which influences the safety and fuel efficiency of the vehicle as well. Inappropriately aired tyres impact the fuel economy and tyres’ life and could also cause accidents. As per a report, over 30 percent of truck breakdowns were caused by tyre failure. Wabco India’s OptiTire, tyre pressure monitoring system (TPMS), helps maintain tyre pressure at the recommended level and detects slow punctures early. This also helps in improving fuel efficiency, rolling resistance and reduction in CO2 emission. The company is also working on getting TMPS sensors localised to make the technology competitive in the country.

The AIS 140, standards published by the Automotive Research Association of India (ARAI), mandates a vehicle-tracking device and an emergency button in all existing and new public-service and commercial vehicles. Wabco India also finds business opportunities in the vehicle tracking space.

Fleet management is also another area where Wabco sees more considerable opportunities as the fleets are now realising the importance of the total cost of ownership through such programmes. In addition, Wabco offers its connected vehicle programme for OEMs.

Wabco India also launched fleet management solutions or connected vehicle programme. The company has already strengthened its connected vehicle solutions after the acquisition of Transics. The company has developed a solution in India for the Indian market in the local context. It has partnered with a few customers and is powering its connected vehicle solutions by providing end-to-end solutions from hardware, firmware and software. This includes advanced fuel management, uptime monitoring, trip monitoring and route management, vehicle diagnostics, track and trace of fleets, helping improve fleet logistical efficiency and the safety and comfort of passengers and drivers.

For the aftermarket, WABCO acquired AssetTrackr. Asset Trackr offers global capabilities with a value proposition for the Indian market. The company is now leveraging its aftermarket and using the aftermarket network, service centres to promote Asset Trackr as another significant new revenue stream.

Demand for OE commercial vehicles has been slackening for two years. In FY20, commercial vehicle sales plunged 29 percent , followed by over 20 percent in FY21. As a result, the company is banking on its reach and product offering in the aftermarket business. Wabco India’s aftermarket business grew over 50 percent in the first three months of this calendar year.

Taking a lesson from the pandemic that has severely impacted commodity prices, Wabco explores the chances to procure steel, aluminium from the prime producers in the local market to have stability in supply. “We have learned a lot during recent times. We can anticipate the things in a much better way and can have better preparedness, flexibility and agility which will help us to face any potential headwinds that are going to come,” added Kaniappan. (MT)

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Astranova Mobility, an electric vehicle (EV) financing and asset management platform, has raised INR 600 million in a Series A equity funding round. The investment was led by IvyCap Ventures, with participation from existing investors Asian Development Bank and Advantedge Founders, as well as Silicon Valley-based Trucks Venture Capital.

Founded in 2023 by Kunal Mundra and Grip Invest, Astranova Mobility provides financing and operational services for commercial electric vehicles. The company’s portfolio includes two-wheelers, cars, buses and heavy-duty trucks. To date, the platform has enabled the deployment of over 25,000 EVs with an asset value exceeding INR 3.6 billion.

The company’s "full-stack" platform includes EV financing and leasing, asset selection and maintenance, proprietary data and technology dashboards, and operational support.

The capital will be used to enhance the company's data, AI, and engineering capabilities. Astranova aims to increase its scale fivefold over the next 18 months, with a long-term goal of enabling USD 1 billion in EV deployments over the next four years. The partnership with Trucks VC is intended to provide access to technical expertise from the United States automotive technology ecosystem.

Kunal Mundra, Founder and CEO, Astranova Mobility, said, “We are delighted to welcome IvyCap Ventures as a partner on this journey. Their deep experience and strong track record in the Indian startup ecosystem, combined with best-in-class access to institutional capital and engineering capabilities through institutions such as the IITs, will be a key differentiator for Astranova. With this fund raise, we have simultaneously unlocked significant debt capital and are now all set to grow over 5x in the next 18 months which will create a strong foundation for us to enable the deployment of USD 1 Bn EVs in the next 4 years and accelerate India’s transition to net zero.”

Vikram Gupta, Founder and Managing Partner, IvyCap Ventures, added, “Astranova Mobility is a strong enabler of India’s clean mobility transition, combining data-driven insights, financing strength, and deep sector expertise. Their rapid execution and clear vision for the commercial EV segment position them well to scale sustainable transportation nationally. We’re delighted to partner with them on this journey.”

Puneeth Meruva, Partner at Trucks Venture Capital, commented, “India’s transition to commercial electric vehicles will require over USD 100 billion in financing. Yet, traditional lenders lack the expertise to underwrite EV assets, while small fleet operators remain underserved due to limited credit access. Astranova addresses this gap through a data-first, full-stack platform spanning leasing, asset management, and maintenance.”

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German luxury brand BMW Group India has recorded its highest-ever Q1 sales, delivering 4,567 cars in the first three months of CY2026. This represents a 17 percent YoY increase, with every month in the quarter achieving record performance levels.

The Group maintains a 70 percent market share in the Indian luxury electric vehicle (EV) segment. In Q1, the company sold 1,185 BMW and MINI EVs, marking an 83 percent YoY growth. Currently, 1 in 4 vehicles sold by BMW in India is an electric model, with EV penetration reaching 26 percent of total sales.

The company’s electric portfolio includes 6 cars and 2 scooters, supported by a network of over 6,000 charging points nationwide. Initiatives such as Destination Charging and Smart E-Routing have been implemented to support the transition to luxury electric mobility.

As per the luxury brand, it observed growth across several specific vehicle categories:

• Long Wheelbase (LWB) Range: LWB models accounted for over 50 percent of total sales, with 2,256 units delivered, which marks 23 percent YoY increase.
• Sports Activity Vehicles (SAV) segment grew by 38 percent YoY, totalling 2,966 units and representing 65 percent of the group's car sales.
• MINI: The brand delivered 213 units, achieving 42 percent growth.
• BMW Motorrad: The motorcycle division delivered 1,216 units, led by demand for the G 310, S 1000 and GS series.

BMW Group India has planned 27 product launches for 2026, covering all-new models, facelifts and limited editions. Four models were introduced in Q1, including the BMW M2 CS and BMW X3 30, with a further eight launches scheduled for the second quarter.

Under its Retail.NEXT strategy, the group plans to expand its presence by adding 19 outlets across 18 cities this year. The current network comprises 97 touchpoints in 40 cities. Additionally, BMW India Financial Services financed 25 percent of the vehicles sold in Q1, offering products with assured buy-back values of up to 74 percent.

Hardeep Singh Brar, President and CEO, BMW Group India, said, “BMW Group India has entered 2026 in an extremely strong position. We have achieved our highest-ever Q1 sales, registering solid double-digit growth, despite macroeconomic and geopolitical headwinds. Our lead in India’s luxury electric mobility also continues thanks to the immense trust our valued customers have put in our electric offerings in terms of performance, EV ecosystem and technology. We are geared to a pulsating 2026 that will be marked by our most ambitious product offensive, with 4 already launched and 23 more to go. Sustaining this momentum into long-term success, our unwavering focus on customer experience, aftersales and brand connect will be taken to the next level. With each new car, we aim to deliver JOY to our customers who enable this success story for BMW Group India.”

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The Indian automotive retail sales has grown 13 percent YoY with 29.6 million vehicles sold across segments in FY2026, as compared to 26.1 million units a year ago. Barring the construction equipment segment (-12 percent YoY), all segments clocked a healthy double-digit growth as per the latest data shared by the Federation of Automobile Dealers Association (FADA India).

Sales data for March 2026 points out to a robust 25.28 percent YoY growth with 2.69 million vehicles sold, as compared to 2.14 million units sold a year ago. The growth was seen across the two-wheeler segment (+28.69 percent YoY), three-wheelers (+10.52 percent YoY), passenger vehicle (+21.48 percent YoY), tractor (+10.87 percent YoY) and commercial vehicle (+15.12 percent YoY).

On the other hand, the e-rickshaw (passenger) and construction equipment industry reported a negative growth of 19.73 percent YoY and 16.17 percent YoY, respectively.

For FY2026, the two-wheeler sales came at 21.4 million units, an uptick of 13 percent YoY, as compared to 18.8 million units sold a year ago. Three-wheeler sales came at 1.36 million, up 12 percent YoY, as compared to 1.22 million units sold a year ago.

Interestingly, passenger vehicle sales grew by 13 percent YoY with 4.7 million units sold, as compared to 4.16 million units sold in FY2025. The tractor industry surpassed 1 million units with 1.05 million sold up 19 percent YoY, as compared to 882,825 units sold last year.  

C S Vigneshwar, President, FADA, said: “FY 2025-26 has been a landmark year for Indian auto retail — delivering an all-time high of 2,96,71,064 units with a broad-based 13.30 percent YoY growth that saw 5 of 6 vehicle categories set new annual records. This is not just a number — it represents the industry approaching the 3-crore mark, a milestone that would have seemed distant just two years ago. What makes this year particularly significant is that the growth was structurally sound, underpinned by improving affordability, widening mobility demand across urban and rural India, and a diversifying powertrain mix.”

He further pointed out that the sales performance for the year was not linear. “The first five months (April through August) were a period of measured momentum, with monthly growth ranging between 2 percent and 5 percent as the market navigated residual caution from the previous year’s sluggish inventory cycle, selective financing constraints and consumer wait-and-watch behaviour in anticipation of policy clarity. During this phase, enquiries remained tentative, conversions stayed uneven and the dealer community exercised understandable restraint,” he explained.

GST Rationalisation 

The FADA president highlights that the turning point arrived in September with the implementation of GST 2.0, which meaningfully reduced the effective tax burden on mass-segment two-wheelers, small cars, three-wheelers and select commercial categories – improved real affordability at a time when the consumer was already positioned to respond.

“From September onwards, we witnessed a clear inflection: the festive convergence of Navratri and Diwali in October delivered an all-time record monthly retail of over 4 million units, and the momentum carried through the remainder of the year. January, February, and March 2026 each registered strong double-digit YoY growth, validating that the upshift was not merely festive but structural,” he said.

The retail sales highlights in FY2026 for the automotive industry include – two-wheeler retails reaching pre-pandemic peaks. Passenger vehicles crossed the 4.7-million mark for the first time, growing by 13 percent. This was supported by a shift towards SUVs and alternative powertrains.

Tractor sales at record high surpassing million-unit mark for the first time due to a strong monsoon and improved farm economics.

Commercial vehicles too surpassed the million-unit mark with 11.74 percent growth, led by infrastructure demand.

Three-wheelers set a third consecutive annual record with 11.68 percent growth, where electric vehicle (EV) penetration now exceeds 60 percent.

The shift towards cleaner energy deepened throughout the year. Total EV retails reached 2.45 million units, a 24.63 percent expansion. EV market share rose to 6.54 percent in two-wheelers and 4.25 percent in passenger vehicles. CNG also strengthened its position, accounting for 21.98 percent of PV sales.

Inventory management for passenger vehicles improved, with stock levels correcting from over 50 days to approximately 28 days by March 2026. This healthily aligns wholesale dispatches with actual ground demand.

Outlook and Risks

The auto retailer body has maintained a cautiously positive outlook for FY2027, with 74.72 percent of dealers expecting growth for the full year. However, the industry is monitoring risks including the geopolitical situation in West Asia, which has caused supply disruptions for 53.2 percent of dealers. Rising fuel prices and potential logistics delays remain primary concerns for the near term.

FADA hence remains constructively cautious — structurally optimistic but operationally watchful for the next three months.

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Alpine has appointed Massimo Fumarola as Vice President Strategy & Product Performance, with effect from 1 April 2026. He will become a member of the Alpine Management Committee and report directly to CEO Philippe Krief. Fumarola replaces Sovany Ang, who is moving to a new position elsewhere within Renault Group.

Bringing more than three decades of international automotive experience, Fumarola has deep knowledge in product and portfolio strategy, project management, product development and premium brands. His career includes leadership roles at IVECO, CNH Industrial, Ferrari, Audi, Lamborghini and most recently as CEO of Morgan Motor Company, where he led that brand’s strategic turnaround.

Since joining Renault Group in 2025, he has served as Director of Renault Couture while also handling broader product and project management duties. In his new capacity, Fumarola will shape Alpine’s long‑term plans and product strategy, ensuring that brand identity, technological advances, market trends and future vehicle development remain closely aligned.

Holding a Master’s in Engineering of Industrial Technologies from Politecnico di Milano and an MBA from Cranfield University, Fumarola combines technical grounding with strategic leadership, international perspective and P&L experience. His background in high‑performance, premium and luxury vehicles will be crucial as Alpine pursues its goal of becoming a distinctive electric brand focused on performance.

Krief said, “First of all, I would like to thank warmly Sovany for her dedication, commitment and support over the last years, it has been a pleasure to collaborate with her and her team. While I wish her all the best, I will not forget her and she is now next door. I am now looking forward to working closer with Massimo. His solid expertise combining product, strategic vision and customer experience with high-end sportscars brands will certainly help us to deploy our new strategy and future product portfolio. Massimo is joining at an exciting time for the brand, as we are just starting to unveil our Alpine Performance Platform, which will be our strongest asset for our upcoming product range.”

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