Ashok Leyland, the Indian flagship of the Hinduja Group, reported a Profit After Tax (PAT) of INR 1,990 million, on Thursday, for the quarter vis-à-vis a loss of INR 830 million the same period last year, and achieved a market share of 32 percent in Q2 FY23.

Ashok Leyland claims that the revenues for the quarter stood at INR 82,660 million vis-à-vis INR 44,580 million in Q2 FY22. The company’s domestic MHCV volume at 25,475 numbers grew by 113 percent over the same period last year (11,988 numbers), which is more than double the industry growth. This helped Ashok Leyland achieve market share gains of 9.6 percent in the quarter.

Furthermore, according to the Indian multinational automotive manufacturer, its domestic LCV volumes for Q2 FY23 at 17,040 numbers is higher than Q2 FY22 by 28 percent (13,328 numbers). The export volumes (MHCV and LCV) for Q2 FY23 at 2,780 numbers is higher than Q2 FY22 by 25 percent (2,227 numbers). The company also reported an EBITDA of INR 5,370 million (6.5 percent) in Q2 FY23 vis-à-vis INR 1,350 million (3.0 percent) for Q2 FY22. Plus, Ashok Leyland stated that debt was at INR 26,770 million in Q2 FY23. Debt equity was at 0.37 times in Q2 FY23, as compared to 0.48 times in Q2 FY22.

As per Ashok Leyland, the company also saw a healthy demand for the AVTR range, and this demand is expected to further improve, mirroring the expected increase in economic activity. In the LCV segment, the Bada Dost has been well accepted by customers, and the company is ramping up production in line with market demand. Going forward, Ashok Leyland claims that last-mile connectivity demand, propelled by e-commerce, is likely to continue supporting ICV and LCV truck volumes. Other businesses like aftermarket and power solutions businesses continue to contribute to the top line of the company.

Sharing his thoughts, Dheeraj Hinduja, Executive Chairman, Ashok Leyland, said “Despite global recessionary trends, the Indian commercial vehicle market continues to grow well, and the industry has seen strong volumes in Q2 FY23 over the same period last year. We see the demand continuing in all segments of trucks and passenger vehicles, and we remain confident and optimistic about the future. Our robust market share growth exemplifies the technological leadership of Ashok Leyland. We continue to build competitive products and organisational capabilities for future products using alternate fuels.”

Adding to this, Gopal Mahadevan, Director & CFO, Ashok Leyland, said, “While we will pursue growth, we want to do it profitably and sustainably, and the team continues its focus on operating costs and margins. We have been driving our other businesses like aftermarket, power solutions, defence and digital customer solutions, that have contributed increasingly to our revenue.” 

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IVECO BUS has delivered its first GX 337 H2 LINIUM hydrogen city bus to the Lorient Agglomeration in France.

The delivery is part of a project that will eventually see 19 hydrogen buses added to the IziLo Mobilités network fleet, with 10 further units scheduled for delivery during 2026.

The GX 337 H2 LINIUM utilises a 100-kW fuel cell powered by four hydrogen tanks, integrated with a 69-kWh FPT Industrial battery pack. The bus has a claimed operational range of 450 km, can accommodate up to 110 passengers and hydrogen consumptions is claimed to be around 20 percent lower than others. Furthermore, it also is equipped with a heat pump system for thermal management and also comes with IVECO ON services to monitor performance and ownership costs.

Fabrice Loher, President, Lorient Agglomeration and Mayor of Lorient, said, “With the introduction of this first hydrogen bus, Lorient Agglomeration reaffirms its ambition to lead a bold and transformative energy transition. This milestone marks the emergence of a local sector that fosters innovation and job creation and strengthens our collective ability to offer sustainable mobility solutions tailored to the daily needs of our residents.”

Giorgio ZINO, Head of IVECO BUS Commercial Operations in Europe, said, “We are proud to see Lorient host the first European delivery of our GX 337 H2 LINIUM hydrogen city bus, a tangible demonstration of our commitment to working alongside local communities for decarbonised collective mobility. This technology delivers a high-performance solution, combining autonomy, comfort and energy efficiency and plays an active role in building a more sustainable future.”

IziLo Mobilités serves 25 municipalities with a population of 207,000. The network operates over 140 bus and boat lines. The introduction of hydrogen technology is intended to support the transition to carbon neutrality and reduce greenhouse gas emissions within the fleet.

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Caterpillar has announced that all Cat Customer Value Agreements (CVAs) will be eligible for an upgraded Services Commitment beginning in 2026. The programme is designed to provide equipment owners with specific timelines for maintenance and repairs.

Under the new terms, CVAs that include dealer labour will feature a Two-Day Repair commitment for common repairs. If the equipment is not returned to service within this timeframe, the customer receives a payment. Furthermore, the Parts Next-Day availability commitment covers maintenance, wear, and repair parts for pickup at a designated dealer location.

The CVAs provide 24x7 access to equipment health management tools, including VisionLink and Cat Inspect, to monitor asset insights. Agreements also include:

• Support from local Cat dealers.
• Delivery of Cat parts and fluids for planned maintenance at the customer's location.
• Options for equipment coverage, portability, and transferability.

Ebban Clause, Vice-President of Sales and Marketing, Construction Industries Services Division, said, “Our new Services Commitment program with a CVA is all about offering the customer hassle-free, peace-of-mind equipment ownership. Customers dealing with downtime need to act fast, and they need parts to get the equipment up and running quickly. Our new Services Commitment delivers just that – Two-Day Repairs, Parts Next-Day, or the customer gets paid.”

The global rollout of CVAs with the upgraded Services Commitment will begin in the Q1 of 2026. The implementation will continue through 2027, depending on regional availability.

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Propel Industries Private Limited showcased a large portfolio of construction equipment at Excon 2025 that included four new electric tipper models. The company aso unveiled an all-new connectivity platform and a comprehensive after-sales uptime solution. 
The four new electric tippers include the 90CED (claimed to be India's first ultra-fast charging 90 tonne electric dumper with ADAS Level 1 safety), 70CED (claimed to be India's first 8x4 mining e-tipper with 25 cu m rock body), 560HEV-X (claimed to be Indias first 8x4 construction tipper with 25 cu m box body), 470MEV Gen-2 (caimed to be India's first 6x4 tipper with 20 cu m rock body) in particular. 
The Pulse.ev connectivity platform as a new digital ecosystem built in-house specifically for electric mining and hauling operations includes features such as real-time vehicle health and diagnostics; energy consumption insights; predictive maintenance analytics and fleet optimization suite for multi-shift operations.
"The announcements reinforce Propels commitment to innovation, high-productivity for customers, zero-emission, and future-ready heavy-duty mobility. Since start of EV truck sale in 2023, the brand has expanded its presence across coal, overburden, limestone, iron-ore, stone quarry, marble & granites, and solid waste management segments. Propel trucks have cumulatively covered over 5 lakh operating hours and the first set of 8 trucks have clocked 12,500 hours in 2 years, which is equivalent to 20 hrs per day. This proves the reliability and uptime of the propel electric trucks," said Siddarth Kirtane, President – EV Sales, Marketing and Service, Propel Industries. 

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JCB India launched its largest ever excavator at 52 tonness in India. It did so at the Excon 2025 exhibition in Bengaluru. The excavator, showcased along with over 10 new products, will cater to domestic as well as export markets.  Of the over 10 machines the company showed at the show, there included backhoe loaders with enhanced features in line with the customer-first strategy. JCB India is giving much attention to lower cost of ownership, higher fuel efficiency, improved machine uptime, enhanced safety and ergonomics while designing its new equipment.    With sustainability the factor, the company showcased the hydrogen engine powered backhoe loader that it unveiled in 2023. It announced the expansion of its hydrogen powered construction equipment portfolio at Excon 2025 with a hydrogen-powered genset.  "Excon is a forum that brings together customers, policymakers, contractors, financiers, suppliers, and technology leaders, creating an ecosystem for strategic collaboration and long-term business growth. JCB exports to more than 135 countries from India and this year we also have customers from South Asia, Africa Region and South-East Asia visiting us. Excon allows us to understand evolving market needs and demonstrate how our latest solutions align with both global and India’s infrastructure demands," said Deepak Shetty, CEO and MD, JCB India. 

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