Eicher Motors Limited (EML) – the listed parent of Royal Enfield apart from being a partner in Volvo Eicher Commercial Vehicles (VECV), a joint venture commercial vehicle unit with Volvo – has reported its best ever Q2 FY2024-25 with a revenue of INR 42.63 billion from operations. It was INR 41.15 billion in the corresponding period of FY2023-24.  
The EBITDA during the respective period was INR 10.88 million as compared to INR 10.87 million in the corresponding quarter last fiscal. Profit After Tax was INR 11 billion, an increase of 8.3 percent as compared to INR 10.16 billion during the same period last year. 
During the quarter, Eicher Group company Royal Enfield recorded sales of 2,25,317 motorcycles as compared to 2,29,496 motorcycles sold during the same period in FY2023-24. 
For Q2 FY 2024-25, VECV’s revenue from operations was INR 55.38 billion, up by 8.0 percent over the previous year’s revenue of INR 51.26 billion.  EBITDA for the second quarter was INR 3.95 billion as compared to INR 4.02 billion last year. 
Profit After Tax (PAT) stood at INR 2.09 billion as against INR 1.87 billion last year. VECV recorded sales of 20,774 vehicles in the second quarter over 19,551 vehicles last year. 
Siddhartha Lal, Managing Director, Eicher Motors Ltd, mentioned, “During this quarter, we have continued to sustain the momentum both at Royal Enfield and VECV. At EICMA, earlier this month, we launched two motorcycles on our 650-Twin platform; the Bear 650, and the Classic 650. In addition to this, Royal Enfield marked its foray into electric mobility with a new EV brand - the Flying Flea. With an intent to disrupt and grow the electric motorcycle segment, we are approaching it with the same singularity, focus and unconventionality with which we have grown and energized the global mid-size segment over the last several years. Under the Flying Flea we will have a portfolio of differentiated electric motorcycles for city+ mobility. On the commercial vehicle front, VE Commercial Vehicles delivered its best Q2 ever, with strengthened market shares in truck segments. This is commendable against the backdrop of lower industry volumes as compared to Q2 of last year.”
B. Govindarajan, CEO, Royal Enfield and Whole-time Director of EML, said, "This quarter we launched two stellar motorcycles - the Guerrilla 450 and the 2024 Classic 350 in an all-new avatar and response to both these motorcycles has been remarkable. We have also made significant progress on expanding and strengthening our footprint outside India as we debuted the brand in Bangladesh with our new flagship store in Dhaka, and a manufacturing and assembly unit in the country. We are also setting up a second CKD in Brazil early next year. Basis the strong legwork that we put in during Q2 this year, we were able to achieve a very special milestone for Royal Enfield in terms of our festive sales performance in October. We outperformed all our previous monthly sales performance and achieved over 1,00,000 sales in a single month. These initiatives underscore our commitment to our long-term strategic goals and to continue delivering pure motorcycling experiences across the globe.” 
Speaking on the performance, Vinod Aggarwal, MD and CEO, VECV, said, “VECV delivered its highest ever second quarter sales during Q2 FY25 growing 6.2 percent over Q2 FY24 and attaining leadership in the Light and Medium Duty (LMD) segment during the quarter. This growth was against a drop in CV industry volumes of 10.8 percent in the same period and stands as a testament to our broad product range backed by fast-expanding network coverage focused on delivering uptime to customers. Margins remained under pressure in a competitive market as we successfully continued to invest in growing our heavy-duty truck presence. We took another step in our sustainability journey, signing a MoU for deployment of 500 Eicher Pro 6055 LNG trucks.”
Royal Enfield forayed into the EV space by announcing the launch of its completely new electric vehicle brand, Flying Flea at EICMA show in Milan, Italy, recently. 
The debut featured two models – the Classic-styled Flying Flea C6 and the Scrambler-styled Flying Flea S6. 
The two-wheeler company also revisited its legacy with two new models on the 650 Twin platform – the Bear 650 (a robust scrambler, designed for riders who follow their instincts, featuring versatile capabilities to enhance the riding experience) and the Classic 650 powered by the celebrated 650 Twin engine for a ride that is both swift and elegant. 
Strengthening its global footprint, Royal Enfield, in n the SAARC region, commenced operations of its Manufacturing Unit (Category 2) and flagship showroom in Bangladesh. The facility will engage in local production and assembly of four flagship models – Hunter 350, Meteor 350, Classic 350 and Bullet 350 specifically for the Bangladesh market. 
Royal Enfield has announced its intent to set up a new CKD unit in Brazil by January 2025 which will help diversify its operations and expand its presence in the automotive market.

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South Korean battery manufacturer LG Energy Solution has commenced operations at its 226-acre manufacturing facility in Lansing, Michigan. The site represents an investment exceeding USD 2 billion since 2022 and targets an annual production capacity of over 35 GWh at full scale.

The site produces lithium-iron phosphate battery cells for energy storage systems alongside nickel-manganese-cobalt cells for electric vehicles. The energy storage cells will be integrated by LG Energy Solution Vertech into equipment for grid and industrial uses, with energy supplier DTE Energy designated among the utility customers. The vehicle battery lines will supply nickel-manganese-cobalt cells to Toyota Motor Manufacturing Kentucky for installation in the 2027 Toyota Highlander EV.

The Lansing site currently employs 900 people, with headcount projected to reach 1,700 at capacity. The facility joins an existing manufacturing site in Holland, Michigan, as well as an engineering centre in Troy, bringing the company's total investment in the state to over USD 5 billion since 2010. The company plans to establish over 50 GWh of lithium-iron phosphate cell production capacity across North America across five operating and joint-venture plants.

Gretchen Whitmer, Governor of Michigan, said, “Michigan is open for business and creating good-paying jobs building the future of cars, chips, and batteries. LG Energy Solution has called Michigan home for more than 20 years, and we’re proud to see that investment continue with the start of production at its Lansing facility. This project will create up to 1,700 good-paying jobs, helping more working families make it in Michigan. It’s part of our historic work to invest in clean energy, electric vehicle manufacturing, and battery storage in communities across Michigan. Let’s keep working together to grow Michigan’s economy, create opportunity, and build a bright future for our state.”

Doug Burgum, U.S. Secretary of the Interior, stated, “Domestic battery production is foundational to America’s energy future – reducing dependence on foreign adversaries, driving good-paying American jobs and advancing the American Energy Dominance Agenda. Michigan is uniquely positioned to help lead this effort with its skilled workforce, manufacturing expertise and the industrial capabilities needed to strengthen America’s domestic battery supply chain. The Trump administration is thrilled to see these vital manufacturing jobs returning to the U.S. and remains committed to ensuring we have the capabilities to build the technologies of the future here at home.”

Sangwoo Hong, Consul General of the Republic of Korea in Chicago, said, “The Korea-U.S. alliance has evolved into a comprehensive strategic alliance including economic cooperation and cutting-edge technology. Today’s opening is a key milestone. The battery industry sits right at the heart of our shared strategic priorities. Michigan is a prime example of this strategic partnership. LG Energy Solution is expanding its presence across the United States. By growing from Holland to this new facility in Lansing, LG Energy Solution is solidifying Michigan’s position as a global hub for battery manufacturing.”

David Kim, CEO, LG Energy Solution, said, “Today marks a defining milestone for LG Energy Solution. Lansing will produce advanced batteries that support not only the future of mobility, but also America’s growing energy infrastructure and digital economy. We are strengthening America’s battery ecosystem, expanding our manufacturing footprint and reaffirming our long-term commitment to the United States.”

Dae-sik Choi, President, LG Energy Solution Michigan, said, “The state’s skilled workforce is a great fit for our high impact industry, and we expect to continue our partnership with Michigan well into the 21st century. The jobs at this facility pay well, offer great benefits and require creativity and problem solving at all levels. Unlike many other high-tech industries, battery making creates jobs for everyone, from hourly workers to advanced degree holders.”

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Epsilon Advanced Materials has received government approval for its Epsilon C2GR anode material project under the Electronics Components Manufacturing Scheme, administered by the Ministry of Electronics and Information Technology.

The scheme provides INR 1.45 billion in capital expenditure support, representing 25 percent of the project's capital investment. Epsilon stands as the single manufacturer approved for anode material production in this evaluation round. Across all product categories, the Electronics Components Manufacturing Scheme has cleared 106 projects representing INR 695.48 billion in total investment.

The sanctioned project focuses on establishing domestic production of graphite anode materials for lithium-ion battery cells used in electric mobility, energy storage systems, and consumer electronics. Epsilon has operationalised a customer qualification facility, EAM-ONE, located in Vijayanagar, Karnataka. The company plans to scale graphite anode manufacturing capacity to 30,000 tonnes per annum by 2028, with a targeted extension to 100,000 tonnes in a subsequent phase.

Vikram Handa, Managing Director, Epsilon Group, said, “The project approval under ECMS is an important recognition of Epsilon’s efforts to develop indigenous graphite anode technology and manufacturing capabilities in India. Building a resilient battery ecosystem requires ownership of technology, intellectual property, R&D and process know-how. This support will help accelerate our scale-up and strengthen India’s domestic battery materials value chain. We remain committed to contributing to the Government’s vision of Atmanirbhar Bharat by building globally competitive critical battery materials from India.”

Epsilon's research framework incorporates testing across coin-cell, pouch-cell, and multi-layer pouch-cell formats to facilitate material customisation. The company holds 43 patent filings covering process, product, and equipment technologies, with plans for 50 additional intellectual property filings through 2030 to support domestic supply chain integration.

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Toyota Kirloskar Motor, one of the leading passenger vehicle manufacturers, has concluded Environment Month 2026, an initiative focused on resource recycling and emissions reductions across its supply chain.

The programme involved over 13,600 workforce members, suppliers, dealership partners and community members under the Toyota Environmental Challenge 2050 framework.

The company recorded a reduction of 3,005-tonnes in carbon dioxide emissions, with internal operations contributing 895 tonnes and supply partners accounting for 2,110 tonnes. Water conservation efforts yielded savings of 16,806 kilolitres across operations and suppliers. Waste reduction measures removed 231 tonnes of material from disposal streams, alongside reductions in plastic and paper usage across the dealership network. In addition, manufacturing updates reduced volatile organic compound emissions by 3.19 grams per square metre, while dealership locations recorded 255 megawatt-hours in electricity savings.

The automaker introduced compressed biogas as a fuel source for cooking facilities, yielding an estimated reduction of 980 tonnes in carbon emissions. Internal programmes included eco-driving sessions for 1,700 employees, community tree planting projects resulting in 89,000 saplings and the ‘Hasiru Santhe’ exhibition showcasing recycling applications such as converting cotton waste into felt and copper scrap into valve components.

B. Padmanabha, Senior Executive Vice-President and Director of Manufacturing, Toyota Kirloskar Motor, said, "Environment Month 2026 demonstrated that sustainability thrives through collective action and shared responsibility across the entire value chain. The measurable outcomes we achieved—from carbon reductions to waste elimination—prove that when employees, families, suppliers, and communities align around environmental commitment, transformation is possible. This month was not just about awareness; it was about embedding circular thinking and resource consciousness into how we operate and live."

The initiative forms part of the automaker's ongoing environmental programmes, including the Toyota Green Wave Project, which monitors plant and animal species at company sites and the Ecozone educational programme for schools.

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JSW Greentech, the electric commercial vehicle division of JSW Group, has selected software company Dassault Systemes to implement a manufacturing execution system at its production facility in India.

The company will deploy Dassault Systemes’ DELMIA Apriso applications to build a digital platform across the plant floor. The system will manage operations for JSW Greentech's line of electric trucks and buses from the start of production.

Headquartered in Mumbai, JSW Greentech is establishing technology development and manufacturing capacity within India's commercial vehicle sector. The deployment of the manufacturing execution system aims to standardise operations management by connecting production execution directly with quality control and material tracking.

Sumit Mittal, Chief Executive Officer, JSW Greentech, said, “As we build a state-of-the-art commercial EV manufacturing facility, it is imperative that we complement it with equally advanced technology systems. Our partnership with Dassault Systèmes and its MES platform brings global expertise and digital capabilities to our manufacturing ecosystem. Together, this will enable us to create a smart, connected and future-ready operating environment, setting a new benchmark for technology-led manufacturing in India’s commercial vehicle industry.”

Deepak NG, Managing Director for India, Dassault Systemes, said, “In India, considering the pace at which the market is moving, it is equally important that we address sustainability during production. Leveraging Dassault Systèmes' systems like DELMIA Apriso is further strengthening our commitment toward technology adoption and sustainable manufacturing standards. The future of sustainable mobility in India depends on how efficiently we can scale clean transportation. By building its production around a connected digital backbone from day one, JSW Greentech is driving this transition. This collaboration underscores Dassault Systèmes' commitment to empowering India's EV ecosystem with virtual twin technology to accelerate innovation, manufacturing excellence, and sustainable growth.”

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