After a robust 4-year CAGR growth of 46% in business volume for F’24, Mahindra’s Truck and Bus Division (MTBD) inaugurated five state-of-the-art dealerships in July, spread across four states in India. These new facilities add 37 service bays capable of servicing over 75 vehicles per day, and also offer driver lodging, 24-hour breakdown assistance, and AdBlue availability. Speaking on the[Read More…]
Ashok Leyland Ltd. has reported its highest-ever Q1 FY25 commercial vehicle volume, leading to record revenue, EBITDA margins, and profit before tax. Q1 industry volumes were at levels comparable to the previous peak of Q1 FY19. ALL’s Q1 performance has exceeded all expectations, delivering excellent results through focused market performance and cost management,” said Executive Chairman Dheeraj Hinduja. Hinduja expressed[Read More…]
The 2024 budget has introduced several changes with significant implications for the commercial vehicle ecosystem. Ashish Bhatia looks at the positive aspects and areas that could have been addressed. The automotive ecosystem, encompassing and not limited to commercial vehicle manufacturers, component suppliers, and logistics providers, stands to benefit from several budgetary measures. Taxation and Incentives The budget has streamlined tax[Read More…]
The Vote On Account or the Interim Union Budget 2024-25 gave signs of what’s to come for the auto industry in the Full Budget, writes Ashish Bhatia. The Vote On Account or the interim Union Budget attempted to sustain the momentum from the Union Budget 2023. It surpassed the previous CapEx outlay at 3.3 per cent of the GDP when[Read More…]
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