FPT Industrial and Blue Energy Motors will deploy the very first LNG trucks in India, powered by FPT N67 NG BSVI compliant engines, on the country’s roads by the end of the year.  

Under the partnership, the companies will be committed to an active and swift decarbonization path in the commercial transport segment, and share the same strong belief that LNG trucks are a sustainable option for the market.  

The FPT N67 NG BSVI compliant engines will equip Blue Energy Motors with clean energy trucks, delivering the very high torque needed in India for transport industry applications. 

This agreement is the first step in a potential long-term partnership, based on the specific characteristics of the Indian commercial transport market. With a total truck fleet of about 3.5 million vehicles and buying decisions driven by TCO, the adoption of LNG technology is expected to be rapid once it passes the TCO parity threshold. In addition, increasingly stringent emission standards in India - BSVI being the equivalent of Euro VI – will increase the competitive advantage of LNG vehicles. 

“We are pleased and proud that Blue Energy Motors has chosen us for this major evolution in Indian commercial transport,” said Sylvain Blaise, President of Iveco Group Powertrain Business Unit. “This agreement is of the utmost importance for FPT Industrial, now and in the future, as we want our leading technologies to play a key role to support the ecological transition of one of the world’s largest vehicle
markets.” 

“We believe that the fight against climate change is fundamental for the future of all of us, and Blue Energy aims to be part of this climate initiative and believes in innovation-driven sustainability,” says Anirudh Bhuwalka, CEO of Blue Energy Motors. “We are working to deliver a zero-tailpipe-emissions transport solution, and to do so we need all the experience and expertise of the world’s leading producer of low-emission engines: FPT Industrial. In India, Governments, fleet owners, and other stakeholders are demanding near-zero-emissions solutions, and with FPT Industrial’s NG engines we can deliver this solution now.” 

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Ashok Leyland, the Indian flagship of the Hinduja Group and the nation’s leading commercial vehicle manufacturer, has expanded its presence in Odisha with a new light commercial vehicle dealership in Rourkela. This facility represents the company’s seventh LCV outlet in the state, reinforcing a nationwide distribution network that now exceeds 945 customer touchpoints. The product range available includes BADA DOST, DOST, SAATHI, PARTNER and MiTR.

The newly appointed channel partner, SteelEx India, operates a 3S facility covering sales, service and spares at Brahmani Tarang in Vedvyas, Rourkela. Strategically positioned to serve local demand, the site features 12 quick service bays alongside modern infrastructure aimed at delivering a superior customer experience.

With this inauguration, Ashok Leyland continues to strengthen its light commercial vehicle footprint in eastern India, leveraging a robust service backbone to enhance vehicle uptime and owner support in the Rourkela region.

Viplav Shah, Head – LCV Business, Ashok Leyland, said, “Odisha has always been an important market for us, and we are excited to further strengthen our presence in this region. Our relationship with customers is built on trust, performance and shared growth. Our products are known for their superior mileage, reliability and performance with a robust network and an industry-leading service retention; we take pride in the continued confidence our customers place in us. The opening of this new dealership marks another step in our commitment to delivering world-class products and unmatched service.”

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Pune-headquartered automotive major Force Motors has announced its strongest-ever annual financial performance in FY2026, driven by significant growth in the domestic market and improved operating leverage.

The company reported a 13 percent YoY growth in revenue at INR 91.67 billion, EBITDA at INR 15.93 billion, up 39 percent YoY and a net profit of INR 12.11 billion, up 51 percent YoY.

It attributed the growth to broad-based expansion across primary vehicle platforms, maintaining its dominant position in the van segment while doubling its presence in the premium mobility sector. Force Motors continues to remain a zero-debt company, highlighting a disciplined approach to capital allocation and financial prudence.

The company reported a 20 percent growth in overall domestic wholesales compared to the previous fiscal year. Performance across key platforms includes the Traveller maintaining a consistent 70 percent market share in the core van segment. Urbania recording over 100 percent growth, established as a leader in premium shared mobility.

Trax volume grew by over 70 percent, successfully expanding the company's reach into rural and semi-urban markets. While, demand for specialised vehicles strengthened through institutional and defence portfolio, fulfilling key orders for specialised applications for the Indian Armed Forces.

The record profitability is attributed to an improved quality of earnings and a more balanced product mix. Higher volumes allowed for better absorption of fixed costs, while a focus on higher-margin premium segments, such as the Urbania, bolstered the bottom line.

Prasan Firodia, Managing Director, Force Motors, said, “We have been a segment creator since our inception, and we are now pioneering and leading the premium shared mobility segment with Urbania’s strong presence, while platforms like Traveller and Trax continue to deliver scale and reach across markets. At the same time, our engagement with institutional and defence customers reflects the depth of our engineering capabilities and our ability to deliver in demanding and ever‑evolving environments.”

“FY2025–26 marks an unprecedented year in our journey, where consistent execution across quarters has translated into our strongest-ever financial performance. This has been driven by a clear focus on the segments where we believe we can lead and also create new segments, supported by improved operating leverage and a more balanced product mix. As we look ahead, we remain focused on building the business with consistency and discipline. Staying closely aligned to customer needs, while continuing to strengthen our product, technology and innovation capabilities, will remain central to how we approach the next phase of growth,” he added.

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Euler Motors has announced a strategic partnership with Annapurna Finance to expand financing options for electric commercial vehicles (EVs), specifically targeting semi-urban and rural markets in India.

Annapurna Finance joins Euler Motors’ network of over 15 financing partners, offering customised loan solutions for the manufacturer's range of electric three-wheelers and four-wheelers.

The collaboration focuses on fleet operators, small businesses and last-mile entrepreneurs who have traditionally remained outside the mainstream lending ecosystem.

The partnership aims to leverage the unique strengths of both organisations to bridge the credit gap in the commercial EV sector. They will focus on micro-entrepreneurs and MSMEs in underserved regions where formal credit access is often limited. By using Euler Motors’ data-driven insights into vehicle performance and battery health, Annapurna Finance can perform more accurate risk assessments on EV assets.

The initiative aims to improve the unit economics for small operators by providing affordable financing that aligns with the higher uptime and lower operating costs of electric vehicles.

Rohit Gattani, VP of Growth & Vehicle Financing, Euler Motors, said, “Financing remains one of the most critical levers for EV adoption in the commercial segment, especially in markets where access to formal credit is limited. As demand scales, the real unlock lies in reaching operators who have the intent to transition but remain outside traditional lending ecosystems. Annapurna Finance brings a strong, on-ground understanding of these customer segments, particularly in semi-urban and rural markets, which will allow us to extend EV access far more meaningfully. This partnership is about going beyond availability of credit to enabling real participation in the EV economy, with stronger unit economics and more predictable earnings for small businesses and fleet operators.”

Asish Mishra, Head of Product, Annapurna Finance, said, “At Annapurna Finance, our focus has always been on expanding access to credit for segments that are often overlooked by mainstream financial systems. With EVs emerging as a viable pathway for income generation, this partnership comes at a critical time. Euler Motors’ strong product engineering and real-world performance focus give us confidence in the asset itself, which is fundamental to enabling sustainable financing. For our customers, this translates into higher vehicle uptime, better operating efficiency, and ultimately more stable and improved earnings over the long term. We see this as a meaningful step towards building both financial inclusion and clean mobility at scale.

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Tarmac, a CRH company and one of United Kingdom’s leading sustainable building materials and construction solutions business, has reported a significant decrease in road incidents and operational costs following the first 12 months of a safety technology partnership with Motormax and Geotab.

The company operates a diverse fleet of over 2,000 vehicles including trucks, vans and plant equipment, deployed a multi-camera system integrated with the MyGeotab platform.

This ‘single pane of glass’ view allows transport teams to access telematics data and high-quality video footage simultaneously, providing evidence for incident reporting and targeted driver training.

The implementation has delivered measurable improvements across safety and financial metrics including 30 percent decrease in driver-fault collisions and a 50 percent reduction in ‘pulling out’ incidents. The proportion of high and medium-risk drivers fell from 40 percent to 6.5 percent.

Tarmac claims it achieved a 30 percent YoY saving in collision repair costs, while fuel economy improved by 25 percent across the van fleet due to better driving behaviours. Speeding incidents per 1,000 miles also halved since May 2023.

The technology has streamlined collaboration with Tarmac’s insurer, AXA. By training the insurance claims team to use the system, the company has accelerated claims resolution and improved liability decisions. Based on these results, the insurer has provided a bursary that Tarmac is reinvesting into multi-camera technology for all new vehicles.

Jonathan Meddings, Fleet Risk & Compliance Manager, Tarmac, said, “The integration allows managers to view telematics data and high-quality camera footage in a single platform, accelerating decision-making and streamlining fleet operations. As a result, we have already seen significant cost savings.”

Beyond safety, the platform supports wider business functions including HMRC Compliance – accurate reporting of personal mileage usage. Improved mileage capture for lease vehicles and the optimisation of vehicle types to ensure higher-cost 4x4s are only used when necessary.

Tarmac uses the data to reward safe driving through its ‘100 Club’ initiative, which recognises drivers who maintain perfect scores over 300 miles in a month.

The integration of fleet safety data into monthly management packs has elevated road safety from a compliance task to a core operational discipline with clear accountability.

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