CMV360 Weekly Wrap-Up | That Mattered This Week (May 15th-May 20th): Tata Motors Q4 FY23 Results: Net profit of Rs 5,407 crore

Check out this week's important news on the truck, three-wheeler, tractors, new launches, and much more.

Welcome to the Cmv360 Weekly Wrap-Up, where we offer you the most recent commercial vehicle industry news and developments. Stay tuned with us as we explore these and other automobile parts-related subjects.

Check out this week's important news on the truck, three-wheeler, tractors, new launches, and much more.

Tata Motors Q4 FY23 Results: Net profit of Rs 5,407 crore

Tata Motors has revealed that its consolidated revenue for FY23 climbed by 24.2% year on year to INR 345.9k crore, an all-time high. Q4FY23 was one of the company's greatest quarters, with consolidated revenues of INR 105.9k crore, representing a 35.1% YoY growth.

India’s Blue Energy Motors Rolls Out 100th LNG Truck Rollout from its Pune Plant

Blue Energy Motors, a zero-emission vehicle technology business, is making history by launching its 100th LNG truck. Blue Energy Motors announced the delivery of its 100th LNG truck from its Pune production facility. In November 2022, Blue Energy Motors debuted its first BE 5528+ model, signalling the company's entry into the LNG-fueled truck business. FPT multipoint stoichiometric combustion engine technology is used in the truck.

Volvo Trucks Calls Off of heavy-duty truck manufacturing deal in China

Volvo Trucks and Jiangling Motors will not proceed with the previously announced acquisition of JMC Heavy Duty Vehicle and its manufacturing facility in Taiyuan, Shanxi Province, China. According to a Volvo statement, the two parties will not pursue the deal because the closing conditions have not been met. Truck exports to Chinese customers will continue from Volvo Trucks.

Also Read: CMV360 Weekly Wrap-Up | That Mattered This Week (May 07th-May 12th): Bajaj Auto is stepping up its game with new releases and growth.

Ashok Leyland CIO believes AI tools such as GPT will revolutionize the automotive industry.

Vinod G, Ashok Leyland's Chief Information Officer, believes that cutting-edge artificial intelligence (AI) technologies such as generative pre-trained transformers (GPT) have the potential to radically alter the automobile industry. This will have an impact on every aspect of the company's operations, including production, sales, financing, human resource management, and safety, to name a few.

Godawari’s Li-Ion Battery Gets AIS 156 Phase II Certification

Godawari Electric Motors has announced that their 200Ah lithium-ion battery pack made by Ruchira Green has gained AIS 156 authorization from the International Centre for Automotive Technology (ICAT) under Amendment-III Phase-II.
According to Hyder Khan, CEO of Godawari Electric Motors, the battery is one of the most important components of an EV, and with their 200Ah pack gaining ICAT certification, they are in compliance with the most recent rules imposed by the governing authorities.

Jio-bp launches new diesel that saves Rs 1.1 lakh per truck per year.

Jio-bp announced the launch of its diesel with ACTIVE technology. This will save truckers up to Rs 1.1 lakh per vehicle per year and up to 4.3 per cent better fuel economy. This was designed specifically for Indian automobiles, roads, and driving conditions. For the first time in the Indian market, this new high-performance diesel option will be accessible at all Jio-bp shops at standard pricing with no additional fee.

Altigreen collaborates with an Indian bank to provide retail financing.

Altigreen collaborated with Indian Bank to provide personalized retail loan options to its clients. As a result, it will help customers make EV purchases. The bank's extensive branch network will improve access to these loans not only in major cities but also in Tier 2 and Tier 3 markets.' Because of the strategic agreement, Indian Bank will now make its range of financial products available to the company's consumers across India.

Also Read: CMV360 Weekly Wrap-Up | That Mattered This Week (April 30th-May 06th): Mahindra LMM becomes the No. 1 Electric 3-Wheeler Manufacturer

NueGo Flags Off India’s first all-women intercity bus operation

GreenCell Mobility's NueGo, a renowned luxury electric bus brand, has launched the world's first all-women intercity bus from Kashmere Gate ISBT in Delhi to Agra. The all-female intercity bus was driven by a crew of professional and experienced female drivers, an in-bus host, and all female passengers. The corporation provided specialized training for the female driver and also provides amenities tailored to women employees, such as flexible working hours and special leave rules.

Yokohama Off-Highway Introduces Agri Tyre Featuring SLT Technology

In India, Yokohama Off-Highway Tyres has introduced the Agri Star II R-I, a highly superior agricultural tyre. It is a radial tyre with a unique 'Stratified Layer Technology' that is tailored to tractor owners' needs. Yokohama Off-Highway tyre has introduced the new tyre under its Alliance brand, with a track record of introducing flagship goods in the Flotation and IF & VF segments.

SLT is a one-of-a-kind mix of two layers: a top layer with a single-angle profile and a bottom layer with multiple angles. The combination of these layers results in increased lug competency.

PMI Electro Delivers 20 Electric Buses to Goa's State Fleet

PMI Electro Mobility has delivered 20 electric buses to Kadamba Transport Corporation (KTCL), the state transport initiative of Goa, as part of a commitment to provide 48 electric buses by July 2023. This is a huge step towards the state's electrification of public transit.

Goa is a major tourist destination in the country, and the addition of electric buses would contribute to the state's clean environment. Each electric bus has a range of 180 kilometres on a single charge. The buses will be charged at PMI's cutting-edge electric bus depots.

If you wish to learn more or purchase commercial vehicles, please contact us. Cmv360 can help you buy popular and best trucks, tractors, buses, and three-wheelers