AUTO Ashok Leyland Plans To Raise Capex, Push Premiumisation And EV Growth

Hinduja Group flagship Ashok Leyland is stepping up investments in new technologies, products and emerging market opportunities as it pursues a premiumisation-led growth strategy, Managing Director and Chief Executive Officer Shenu Agarwal said during the company’s Q1 FY27 earnings conference call. The commercial vehicle maker, which traditionally invested around ₹400-500 crore annually, has increased its […]

Sajan C Kumar · Aug 21, 2026

AUTO Ashok Leyland, Haryana Govt To Set Up Driver Training Institute In Ambala

Ashok Leyland, the flagship company of the Hinduja Group and one of India’s leading commercial vehicle manufacturers, has signed a memorandum of understanding (MoU) with the Government of Haryana to establish an Institute of Driving Training & Research (IDTR) in Ambala. The initiative aims to strengthen professional driver training, improve road safety and develop a […]

CW Bureau · Aug 20, 2026

MANUFACTURING Greaves Cotton Acquires Remaining 20% Stake In Excel Controlinkage

Greaves Cotton Ltd, a leading diversified engineering company, has acquired the remaining 20% stake in Excel Controlinkage Pvt Ltd through the secondary route, making the company a wholly owned subsidiary. The acquisition was completed on August 13, 2026, taking Greaves Cotton’s aggregate shareholding in Excel Controlinkage to 100%. Deal completes 2023 acquisition The transaction completes […]

CW Bureau · Aug 17, 2026

STARTUP/TECHNOLOGY BITS Pilani, DTICI To Set Up Advanced Research Lab At Birla Campus Of Goa

Birla Institute of Technology & Science, Pilani (BITS Pilani) and Daimler Truck Innovation Center India (DTICI) have entered into a strategic partnership to establish an advanced research laboratory at the BITS Pilani K K Birla Goa Campus. The Software, Product, AI Research & Knowledge (SPARK) Lab will focus on collaborative research in areas including artificial […]

CW Bureau · Aug 14, 2026

AUTO India’s Auto Industry Set For Rapid Growth, Targets Global Leadership

India’s automobile industry is entering a new phase of accelerated growth, driven by strong domestic demand, supportive government policies, rising exports and rapid technological transformation, according to a new report by Rubix Data Sciences. The report, titled “Passenger Vehicles and Commercial Vehicles Industry Insights,” says India has emerged as the world’s third-largest automobile market in […]

CW Bureau · Aug 6, 2026

AUTO Tenneco Clean Air India Q1 PAT Slips 1.7% Despite 20% Revenue Growth

Tenneco Clean Air India Ltd reported a largely stable earnings performance for the first quarter of FY27, with profit after tax (PAT) slipping 1.7% year-on-year to ₹165 crore, even as revenue posted a robust double-digit growth on the back of strong demand and new business wins. The Tier-1 automotive component manufacturer reported revenue from operations […]

CW Bureau · Aug 6, 2026

MANUFACTURING Belrise Industries Buys Hyva India’s Tipper Body Business For $5.65 Mn

Pune-headquartered Belrise Industries Ltd has acquired the Tipper Body Business of Hyva India Pvt Ltd, a subsidiary of JOST Werke SE, for $5.65 million. The transaction, valued at an enterprise value-to-EBITDA multiple of about 3.6 times, strengthens Belrise’s position as a Tier-0.5 supplier in the commercial vehicle ecosystem. Strengthens commercial vehicle presence The acquisition aligns […]

CW Bureau · Aug 6, 2026

AUTO Tata Motors Opens Vehicle Scrapping Plant In Patna With 15,000 Capacity

Tata Motors has strengthened its vehicle recycling infrastructure with the inauguration of a new Registered Vehicle Scrapping Facility (RVSF) in Patna, Bihar, capable of dismantling up to 15,000 end-of-life vehicles annually. The new Re.Wi.Re (Recycle With Respect) facility, spread across 5.5 acres and operated by the Kalahanu Bothra Group, is designed to scientifically dismantle vehicles […]

CW Bureau · Aug 5, 2026

AUTO Keto Motors Unveils Urbanova KE9, Forays Into Electric Bus Segment

Commercial electric vehicle manufacturer Keto Motors Ltd has entered India’s electric bus market with the launch of its first commercial electric bus, the Urbanova KE9. The Urbanova KE9 is a 9-metre electric bus measuring 8,985 mm in length, 2,532 mm in width and 3,189 mm in height. It can accommodate 31 passengers and has a […]

CW Bureau · Aug 3, 2026

AUTO SML Mahindra Approves ₹525-Cr Buy Of Mahindra Truck & Bus Division

SML Mahindra Ltd has approved the acquisition of Mahindra Truck and Bus Division (MTBD) from Mahindra & Mahindra Ltd on a slump sale basis for ₹525 crore. The transaction, expected to be completed during FY27, is aimed at creating a unified commercial vehicle business with a presence across light, intermediate and heavy commercial vehicles, as […]

CW Bureau · Jul 29, 2026

AUTO Ashok Leyland Partners UCO Bank To Boost Commercial Vehicle Financing

Commercial vehicle maker Ashok Leyland has entered into a strategic partnership with UCO Bank to offer customised vehicle financing solutions for its truck and bus customers, a move aimed at improving access to credit and supporting business expansion across India. The Hinduja Group flagship signed a memorandum of understanding (MoU) with the public sector lender […]

CW Bureau · Jul 28, 2026

AUTO Ashok Leyland Charts Global Growth, Eyes 25,000 Export Units Near Term

Hinduja Group flagship commercial vehicle manufacturer Ashok Leyland Ltd has outlined an ambitious global expansion strategy, targeting 25,000 export units in the near term while reaffirming its long-term goal of becoming one of the world’s top 10 commercial vehicle manufacturers. In his message to shareholders in the company’s Annual Report, Ashok Leyland Chairman Dheeraj G. […]

Sajan C Kumar · Jul 22, 2026