Pune-headquartered automotive major Force Motors has announced its financial results for Q1 FY2026, with revenue of INR 23 billion, up 22 percent YoY.

The EBITDA came at INR 3.57 billion, up 35 percent YoY and net profit at INR 1.85 billion, up 55 percent YoY. The company attributes that its domestic sales volume grew 26 percent, fuelled by robust demand across the flagship models – Urbania, Traveller and Trax.

Prasan Firodia, Managing Director, Force Motors, said, “We are pleased with the strong start to the new financial year. This growth can be attributed to our consistent focus on meeting customer expectations, capitalizing on domestic momentum, and improving internal efficiencies. The continued trust of our customers and the unwavering effort put in by our teams have been pivotal to this success. With positive indicators in the domestic market, we remain optimistic about sustaining growth in the coming quarters. Our investments in innovation, reliability, and expanding our dealer network will further strengthen our market position.”

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Chennai-headquartered commercial vehicle major Ashok Leyland has reported its record performance in Q1 FY2026, with highest ever Q1 wholesales at 44,238 units and Q1 revenue of INR 87.25 billion.

Furthermore, the company also reported its highest EBITDA at INR 9.7 billion, up 6.47 percent YoY and profit after tax of INR 5.94 billion, 13 percent YoY. The company shared that it was able to grow M&HCV volumes by 2 percent, which enabled it to increase its market share from 28.9 percent to 30.7 percent in Q1 FY2026. This was despite the domestic M&HCV segment remaining flat.

Its M&HCV Bus TIV (excluding EVs) grew by 5 percent, thus further strengthening its domestic market leadership position in the MHCV bus segment. 

In the LCV segment, the company witnessed its highest-ever quarterly sales at 15,566 units, while exports at 3,011 units grew by 29 percent YoY.

Dheeraj Hinduja, Chairman, Ashok Leyland, said, “Ashok Leyland has delivered a robust Q1 performance, exceeding the expectations through effective market execution while maintaining rigorous cost management. Our electric mobility subsidiary, Switch Mobility, continues to gain good traction and has achieved positive EBITDA. We are redoubling our efforts in the international markets and Defence business. Reinforcing our product superiority and strong customer orientation, we are sharpening our focus to play a pivotal role in our industry.”

Shenu Agarwal, Managing Director & CEO, Ashok Leyland, added, “We are happy to report simultaneous increases in market share and operating margins. This reinforces our strategy to deliver profitable growth through superior products and best-in-class customer service. Our focus on growing our non-CV portfolio is also helping us deliver record performances in many quarters in a row. Our priority remains achieving mid-teen EBITDA margins in the medium term, while advancing our commitment to future-ready technologies.”

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Montra Electric’s Small Commercial Vehicles (e-SCV), part of the Chennai-headquartered Murugappa Group, has opened its newest dealership in Coimbatore.

The facility operated by TVS Vehicle Mobility Solution will retail EViator, Montra Electric’s e-SCV, designed for intercity logistics, market load operations and cargo movement.

Saju Nair, CEO, TIVOLT Electric Vehicles (e-SCV division of Montra Electric) and Madhu Raghunath, CEO, TVS Vehicle Mobility Solution inaugurated the facility.

“As a brand proudly rooted in Tamil Nadu, it gives us immense pride to enter Coimbatore with our first dedicated e-SCV dealership in the city. Coimbatore is known for its entrepreneurial zeal and robust industrial base. With this launch, we aim to support the city’s logistics ecosystem with cleaner, smarter commercial mobility solutions. Our partnership with TVS Vehicle Mobility Solution reflects a shared commitment to delivering future-ready, high-performance electric vehicles tailored for the evolving needs of local businesses and fleet operators,” said Nair.

Raghunath, added, “We are excited to partner with Montra Electric to introduce the EViator to Coimbatore. The city’s logistics and transportation sectors are ready for a green shift, and the EViator delivers on all fronts- performance, durability, and total cost advantage. With this collaboration, we are committed to ensuring a seamless and dependable ownership experience for fleet owners and commercial users alike."

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Tata Motors, one of India's largest commercial vehicle manufacturers, has officially launched its products in the Dominican Republic through a new partnership with local distributor – Equimax.

The move is part of the company's global expansion strategy and introduces a variety of trucks and utility vehicles designed for the region's growing logistics and construction sectors.

The new lineup includes the Super Ace mini-truck for last-mile delivery, the Xenon pickup truck and the Ultra range of trucks. For the construction industry, Tata is introducing the LPT 613 tipper.

Asif Shamim, Head of International Business, Tata Motors Commercial Vehicles, said, “The Dominican Republic presents a high-potential market aligned with Tata Motors Commercial Vehicles’ global growth ambitions. With its growing economy and infrastructure, our advanced commercial vehicle solutions are well-positioned to support national development goals. Backed by Equimax’s strong local presence, we aim to deliver unmatched value through reliable products, efficient service, and long-term customer support for meeting the aspirations of transporters and businesses in the country.”

Gabriel Tellerias, President, Equimax, added, “The introduction of Tata Motors’ globally trusted commercial vehicles marks an important milestone for the Dominican Republic’s transport and logistics sector. These vehicles have been carefully selected from Tata Motors’ expansive portfolio and reflect a clear understanding of local business needs. Our priority will be to ensure a superior ownership experience through Equimax’s strong commitment to exceptional after-sales service, offering customers timely support and long-term value. We value our partnership with Tata Motors and look forward to driving growth and progress together in the Dominican Republic.”

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Automotive Manufacturers (AMPL Group), a leading automobile retail conglomerate, has inaugurated its new Mahindra CV (commercial vehicle) dealership in Madurai, Tamil Nadu.

The strategically located facility at Pandi Kovil Ring Road, aims to enhance accessibility and service for customers in the Madurai North region. It aims to serve the growing demand from the captive and market load operator segments across the region.

The facility is spread across 3,500 sqft and it has a display area to showcase five Mahindra Light Commercial Vehicles (LCVs).

With over 138 Mahindra touchpoints, AMPL Group is Mahindra’s largest sales and aftersales partner in the country with presence across six states - Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Maharashtra and Kerala. In FY2025, it retailed over 37,000 Mahindra vehicles.

Rajiv Sanghvi, Executive Director, Automotive Manufacturers, said, “We are proud to further strengthen our longstanding partnership with Mahindra through the inauguration of this Commercial Vehicle showroom in Madurai – our 138th Mahindra touchpoint. Our journey with Mahindra spans nearly seven decades, marked by shared values and a commitment to excellence. With a robust network across six Indian states, we have consistently worked together to deliver outstanding value to our customers. With Mahindra’s technologically advanced products, customer-centric approach coupled with our deep understanding of the customer needs we together endeavour to provide Best-In-Class ownership experience for our customers.”

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