Ashok Leyland has delivered an LNG powered haulage truck –AVTR 1922 – to Mahanagar Gas Limited in Hosur (Tamil Nadu) marking yet another significant development in sustainable mobility in India. 

The LNG powertrain of the truck was developed in-house and is BS VI Stage II compliant. The truck, the AVTR 1922 is based on the modular AVTR platform and shares a high degree of commonality with Ashok Leyland's existing diesel truck range.  The result of this is an amount of familiarity in terms of ease of service.   

Stating that Ashok Leyland’s steadfast commitment revolves around the dynamic needs of customers in the ever-evolving world of sustainable transportation, Sanjeev Kumar, President – MHCV, Ashok Leyland, mentioned that innovations in alternate energy space will not only provide eco-conscious solutions, it will also ensure long term profitability for our esteemed customers. 

Of the opinion that a local supply chain must gear up for progress in the field of alternative fuels, Dheeraj Hinduja, Executive Chairman, Ashok Leyland, referred to the strong performance of the company in the second quarter of FY2023-24.

Emphasising that the robust all-round performance of Ashok Leyland during the respective quarter exemplifies its technological and cost leadership, he expressed, “While International business globally is challenged owing to the conflicts across the globe, we are intensifying our expansion strategy in our focus markets of Middle East, Africa and Asia. The Company continues to build its capabilities in alternative energy and shall be soon coming up with some exciting products and solutions.”

Confident that the rest of the two quarters of the FY2023-24 will bring further growth on the back of strong macroeconomic factors, Hinduja informed that their MHCV, ICV and bus segments have recorded good performance. 

For Q2 FY2023-24, Ashok Leyland has reported revenues of INR 96.38 billion vis-a-vis INR 82.66 billion in Q2 FY2022-23, marking a growth of 17 percent. Profit After Tax (PAT) of INR 5.61 billion for the quarter grew 181 percent over same period last year.

The CV maker’s domestic MHCV volume at 29,947 units grew by 18 percent as compared to the Q2 FY2022-23 volume. LCV volumes during Q2 FY2023-24 were 16998 units – almost the same as Q2 FY2022-23 (17,040 numbers). Export volumes for the quarter (MHCV & LCV) were 2901 units, four-per cent higher despite socio-political challenges across the globe.

Witnessing good movement in the MHCV space, Ashok Leyland saw a significant increase in its bus market share making us the Number 1 bus manufacturer in India.

EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) for Q2 FY2023-24 was INR 10.80 billion (11.2 percent) as compared to INR 5.37 billion (6.5 percent) in Q2 FY2022-23. Net Debt at the end of the quarter stood at INR 11.39 billion with a Debt Equity at 0.1 time.

All other businesses of Ashok Leyland posted good growth in the current quarter.  The company expanded its MHCV range by launching new products in tipper, tractor and MAV categories. The focus on expansion of distribution network continued with further addition of 47 touch points in the quarter – especially in the Northern and Eastern parts of the country.

The Board of Directors of Ashok Leyland in their meeting held today, have approved an investment of INR 12.00 billion in Switch Mobility as equity through its holding company Optare PLC, UK.  The funds infused will be used for capital expenditure, R&D and meeting operational requirements both in UK and India. The funds will be infused over the next few months after necessary statutory approvals in one or more tranches.

Switch Group of Companies (Switch Mobility Ltd - UK and Switch Mobility Automotive Ltd- India) house the Electric Mobility initiative of Ashok Leyland with a focus on e-buses and e-LCVs. 

Over the last few years, Switch India has had major success in garnering orders from State Transport Undertakings. As on date Switch in India and UK has over 800 buses plying successfully and has an order book of over 1200 buses. 

Switch India had a successful launch of India’s only Double Decker e-Bus last year. In September 2023, the Ashok Leyland subsidiary launched its state-of-the-art e-LCVs. The company has signed MoUs of over 13000 vehicles for its much-awaited e-LCVs which it will start delivering from the fourth quarter of the current fiscal.

“Electric Vehicles especially in buses and light trucks have a very bright future as Governments and private customers are driving the green agenda. We are very happy with the progress made by Switch, and we will continue to invest on building its capabilities. We are confident that Switch will grow further in the European markets with the launch in 2024 of our new E1 12 m bus developed specifically for the European market. Our portfolio of electric buses will cover value and premium segments meeting all price points for many global markets,” Hinduja commented. 

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Prawaas 5.0, an event focused on the public transport industry, concluded on 11 July 2026 at the Helipad Exhibition Centre in Gandhinagar, Gujarat. The three-day event marked the 10th anniversary of the Bus & Car Operators Confederation of India (BOCI).

The event recorded 20,129 registrations and hosted 227 exhibitors, 20 startups and 120 speakers across 15 sessions. It saw participation from 31 states and union territories, as well as 11 countries.

During the event, two Memorandums of Understanding (MoUs) were signed. The first, between Rotary International District 3080 and BOCI Naari, aims to support the skilling and employment of women as drivers. The second, between Rotary International District 3080 and BOCI, addresses the mental well-being of drivers and road safety.

Prasanna Patwardhan, President of the Bus & Car Operators Confederation of India (BOCI), said, "As BOCI completes ten years, Prawaas 5.0 reflects how collaboration, innovation and progressive policymaking are shaping the future of passenger mobility in India. Over the past three days, the exhibition has brought together operators, policymakers, manufacturers, technology providers and entrepreneurs on a common platform to exchange ideas, build partnerships and explore solutions for the sector's evolving needs. The participation and enthusiasm witnessed this year reaffirm our collective commitment to building a safer, smarter and more sustainable passenger transport ecosystem that supports the vision of Viksit Bharat."

The Bharat Prawaas Awards 2026 honoured 72 recipients, including 50 BOCI Excellence Awards and 22 redBus People's Choice Awards. The event was organised by BOCI, hosted by the Akhil Gujarat Pravasi Vahan Sanchalak Mahamandal, and curated by MM Activ Sci-Tech Communications.

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Tata Motors, one of the leading commercial vehicle manufacturers, has inked a Memorandum of Understanding (MoU) with UCO Bank for financing solutions.

Through this collaboration, customers will have access to interest rates, loan approvals and processing. The agreement includes loan-to-value funding options and repayment tenures. The partners will coordinate across branches and dealerships to reach customers in urban and rural markets.

Shashikant Kumar, General Manager & Zonal Head – Mumbai, UCO Bank, said, “The signing of this Memorandum of Understanding with Tata Motors Limited marks another significant milestone in UCO Bank’s commitment to delivering innovative and customer centric financing solutions. Through this strategic partnership, we aim to provide seamless, competitive and timely financing for TATA Motors commercial vehicles, enabling entrepreneurs, fleet operators and businesses to expand with confidence.”

Rajesh Kaul, Vice-President & Business Head – Trucks, Tata Motors Ltd., said, “We are pleased to partner with UCO Bank to further strengthen the financing ecosystem for our commercial vehicle customers. Access to organised and competitive financing is a key enabler for our customers' growth, and UCO Bank's strong nationwide presence makes them an ideal partner in this endeavour. This MoU reinforces our commitment to delivering end-to-end solutions, from world-class vehicles to organised financing that empower our customers to grow their businesses with greater confidence and convenience.”

At present, Tata Motors’ product portfolio ranges from 1-tonne to 55-tonne cargo vehicles and 10-seater to 51-seater mass mobility solutions. The company provides services through its Sampoorna Seva 2.0 initiative, the Fleet Edge platform and a network of over 4,500 sales and service touchpoints.

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Volvo Buses India, a business unit of VE Commercial Vehicles, has unveiled the Volvo 9600 Seater-Sleeper coach at the Prawaas 5.0 exhibition in Gandhinagar. It is designed to combine seating and sleeper configurations in a single platform for intercity, tourism and pilgrimage routes.

The 15-metre coach accommodates 51 passengers, featuring 24 upper-deck sleeper berths and 27 lower-deck seats equipped with calf support. It is powered by the Volvo VEDX8 engine and utilises an I-shift transmission. The interior includes an integrated kitchenette, an onboard toilet, mobile charging points and entertainment systems.

S S Gill, Chief Commercial Officer, VE Commercial Vehicles, said, “India's bus industry is evolving rapidly, with rising passenger expectations for premium travel experiences and operators seeking higher productivity and operational efficiency. At Volvo Buses India, we continue to shape the future of mobility by combining globally proven engineering with innovations that address evolving needs of the Indian market. The Volvo 9600 Seater-Sleeper expands our premium coach portfolio with a flexible solution that meets customer expectations for safety, comfort and luxury."

Suresh Chettiar, Executive Vice-President – Bus Division, VE Commercial Vehicles, added, "The Volvo 9600 platform has been widely appreciated for setting new standards in luxury, safety and passenger comfort. Building on that success, we are introducing the Volvo 9600 Seater-Sleeper to meet the growing demand for more flexible premium travel solutions. Featuring 24 upper sleeper berths and 27 premium lower-deck seats with calf support, the new coach enables operators to efficiently cater to both short- and long-distance routes while delivering an elevated travel experience for passengers."

The vehicle introduces safety features, including a 360-degree camera system and camera-based electronic rear-view mirrors. It also includes a tyre pressure monitoring system, a driver state monitoring system to detect fatigue and an alcohol interlock system. The coach is equipped with a telematics solution for real-time monitoring of vehicle location, performance and fuel consumption.

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The Prawaas 5.0 exhibition, an event focused on the public transport industry, has opened at the Helipad Exhibition Centre in Gandhinagar, Gujarat. Scheduled from 9–11 July 2026, the exhibition is organised by the Bus & Car Operators Confederation of India (BOCI) to coincide with its 10th anniversary.

The event, held under the theme ‘Towards Safe, Smart & Sustainable Passenger Mobility,’ brings together manufacturers, technology providers, and operators. Exhibitors include companies such as Tata Motors, VE Commercial Vehicles, Daimler, JBM, Force Motors, EKA Mobility, Switch Mobility and Sun Mobility, among others.

The exhibition showcases a range of technologies and solutions across the transport value chain, including electric vehicles, charging infrastructure, fleet management systems and digital platforms. The event aims to serve as a platform for industry stakeholders, including fleet owners, state transport undertakings and policymakers, to discuss developments in the sector.

The inauguration was led by Miraben Patel, Mayor of Gandhinagar and Kaushik Jain, MLA of Dariapur. Over the three-day programme, the exhibition will host product launches, conferences and business meetings intended to facilitate collaboration within the passenger transport sector.

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