Revfin has announced a strategic partnership with Bajaj Auto Ltd to promote high-speed electric three-wheelers in the L5 category. 

Marking a significant step towards advancing the electric three-wheeler (e3W) segment, its adoption and the creation of a robust ecosystem that will contribute to the greener future for first and last mile mobility, the strategic partnership will focus on the innovation, expansion of market presence, and customer satisfaction enhancement in the case of electric three-wheeler (e3W) segment. 

While Bajaj Auto Ltd is a dominant player in the three-wheeler market as exports its vehicles to over 70 markets across the globe, Revfin will leverage its first-in-the-market psychometric assessment capabilities to support the partnership. 

Both the partners will work towards improving the overall customer experience as far as the Bajaj Auto’s e3W offerings are concerned. They will also work towards the Pune-based three-wheeler OEM effectively meeting diverse market demands. The association will additionally harness Revfin’s expertise in financial services and deep understanding of the three-wheeler ecosystem. 

Bajaj Auto’s strong market presence and diverse product portfolio will complement these strengths, facilitating the expansion and penetration of Bajaj’s e3W offerings, particularly in Tier 2 and Tier 3 cities which are core strength markets for Revfin, mentioned an industry source aware of the development. 

Sameer Aggarwal, CEO, Revfin, averred, “We are happy to partner with Bajaj Auto, a foremost leader in India's three-wheeler market, to accelerate the adoption of sustainable mobility solutions across the country. By combining our shared commitment to electric vehicles and financial inclusion, we are poised to establish a formidable ecosystem that encourages both consumers and fleet operators to embrace eco-friendly three-wheeler options.”

“Bajaj Auto's technological expertise and market dominance, paired with RevFin's proven financial inclusion capabilities, will enable us to drive widespread awareness, provide accessible financing, and ultimately facilitate the widespread uptake of these greener and more efficient transportation alternatives. This strategic alliance is a significant step towards realizing our vision of a cleaner and sustainable future,” he added.

The partnership also underscores the mutual commitment of both companies towards promoting electric mobility. e3Ws offer numerous benefits, including reduced emissions, lower operating costs, and a contribution to cleaner air will also seek create awareness and incentivize the adoption of e3Ws among consumers and fleet operators through joint efforts of both, Bajaj and RevFin. RevFin's involvement may extend beyond financial services to include charging infrastructure development.
Commenting on the development, Samardeep Subandh, President, Bajaj Auto, said, “This strategic tie-up with Revfin marks a crucial stride in Bajaj Auto's mission to accelerate the nationwide shift towards electric mobility in India. By integrating our renowned product quality and technological expertise with Revfin's innovative financial solutions, we anticipate penetrating untapped markets and enabling a broader spectrum of individuals and fleet operators to embrace sustainable transportation options. This collaboration is geared towards enhancing accessibility and appeal of our eco-friendly three-wheeler offerings to a diverse customer base, driving adoption, and contributing to a cleaner, greener future for first and last mile mobility.”

Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturer, has opened a new dealership for light commercial vehicles (LCVs) in Siliguri, West Bengal. With this new facility, which happens to be the fifth LCV dealership in West Bengal, the company now has a robust LCV distribution network with more than 800 touchpoints.

Located at Eastern Bypass Road, SBM Warehouse, Eastern Bypass, Bhaktinagar, Siliguri, Jalpaiguri, West Bengal, the new dealership will be managed by channel partner Happie Trucking. The main workshop facility (service and spares) is also strategically located at Debgram, Ware House, Thakur Nagar, New Jalpaiguri, Jalpaiguri, West Bengal. Equipped with advanced tools, quick service bays and sophisticated infrastructure, the facility is all set to ensure superior customer experience.

Viplav Shah, Head – LCV Business, Ashok Leyland, said, “We are excited to further strengthen our presence in this region. West Bengal and Eastern India, at large, have been a key market for us. We have always recognised the potential this region has, and we are excited about the opportunities that lie ahead in this geography. We have been working on creating a strong foothold in the region, and the new dealership in Siliguri will bolster our presence in this geography. The overwhelming success of our ‘DOST Range’ and now the ‘BADA DOST’ can be attributed to the robustness of our products and the extensive reach of our network. All our products have been receiving great responses from our customers, thanks to their best-in-class mileage and class-leading performance, backed by extensive sales and aftersales support. We are extremely proud that our track record of service retention levels is exemplary, with close to 70 percent of our customers returning to our dealer workshops even after the warranty period. We, as always, would remain committed to maintaining and even enhancing the level of customer service and satisfaction. This new dealership is being opened to further strengthen our reach, in line with our commitment.”

VE Commercial Vehicles (VECV), recently hosted Jan Thesleff, the Ambassador of Sweden to India, at its manufacturing facilities in Pithampur. He was accompanied by Markus Lundgren, Counsellor and Head of Trade section, Embassy of Sweden and Sofia Hogman, Swedish Trade Commissioner, Business Sweden.

The CV maker states that its VE Powertrain plant is a successful symbol of India-Sweden collaboration. The facility leverages India’s skilled workforce and technical expertise while positioning VECV as a hub for development and manufacturing that meets global standards. Notably, VEPT has been producing Euro 6 (BS VI) compliant engines since 2013, supplying over 40 countries.

Jan Thesleff said, “Currently, more than 280 Swedish companies operate in India, contributing to sectors ranging from automobiles and communications to healthcare and defence, directly generating over 240,000 jobs. The Eicher-Volvo joint venture exemplifies the strategic benefits of this partnership by harnessing the strengths of Sweden and India and fostering mutual growth and technological advancement. I am thoroughly impressed by the advanced technology products and sustainable manufacturing processes I witnessed today at VECV. Their remarkable achievements epitomise the shared innovation, growth, and sustainable development that Sweden-India partnership continues to deliver for the benefit of both nations.”

Vinod Aggarwal, Managing Director & CEO, VECV, said, “We are honoured to welcome His Excellency Ambassador Jan Thesleff and the team from the Swedish Embassy to our Pithampur facility. Over the past 16 years, the VECV joint venture has not only driven the modernisation of India’s commercial vehicle sector but has also enabled Volvo Group to source world-class engines and components, made in India, for its global requirements. The success of this joint venture is rooted in the principles of trust, mutual respect, and win-win collaboration, combining Volvo Group's technology leadership with Eicher’s deep understanding of the Indian market. VECV looks forward to building on this success in the future”.

At present, the company sells CNG, LNG, electric and diesel trucks and buses in India under the Eicher and Volvo brands.

Manba Finance, a leading non-banking finance company (NBFC), has signed a Memorandum of Understanding (MoU) with Piaggio Vehicles (PVPL), the wholly-owned subsidiary of the Piaggio Group, to provide tailored financing solutions to Piaggio three-wheeler customers.

As per the understanding, the partners are set to form a dedicated central coordination team to oversee the implementation. They will focus on key areas such as product structuring, interest rate optimisation, resource allocation, centralised communication, and training to ensure the efficient execution and monitoring of the tie-up.

The MoU was signed by Diego Graffi, CMD, Piaggio Vehicles and Monil Shah, CBO & Director, Manba Finance, in the presence of Amit Sagar, EVP of Sales and Retail Finance, and Nilesh Arya, Head of Retail Finance, Piaggio Vehicles.

The partners state that the collaboration comes as electric three-wheeler sales saw a record high of 65,700 units in October. With this electric three-wheelers are just 16,856 units away from surpassing the CY2023 total of 583,597 units.

“We are proud to collaborate with one of India’s leading three-wheeler manufacturers, a trusted brand among aspiring entrepreneurs across the country. This partnership strengthens our footprint in the three-wheeler segment while enabling us to provide seamless digital lending solutions to our customers," said Shah.

German automotive component supplier Mahle has bagged a new contract from MAN Truck & Bus to supply components for the hydrogen engine of its ‘MAN hTGX’ truck.

The hydrogen truck uses a direct-injection engine with 6 cylinders, 16.8-litre displacement, which produces 383 kW power. Mahle will supply the hydrogen power cell unit, consisting of piston, piston rings, piston pin and cylinder liner. It will also supply components to be used in the valve train.

Interestingly, MAN aims to build around 200 units of the hydrogen truck for selected markets from 2025.

Dr Roger Busch, member of the Mahle Management Committee and Head of Sales, said, “Mahle has successfully transferred its 100 years of expertise in engine components into the future. Our state-of-the-art pistons and other parts make the internal combustion engine fit for hydrogen and thus climate-neutral. Today, we are able to fulfil our customers’ expectations in terms of performance, efficiency and service life.”

The component supplier says it has successfully tested its engine components to meet the specific requirements of hydrogen operation.

The company claims that the Mahle hydrogen power cell unit, in particular the oil consumption of the motor and the so-called blow-by, i.e. the leakage of hydrogen gas into the crankcase, can be reduced to a minimum. This enables a robust and failure-free operation of the motor.

Mahle at present is working on around 30 hydrogen engine projects for customers in the on- and off-highway sector, with more series launches from its customers being planned in 2025.