Mahindra & Mahindra Ltd, India's leading manufacturer of utility vehicles and leaders in the LCV <3.5 t segment, today announced the launch of the Mahindra Veero, starting at INR 799,000. It comes with a standard 3-year/100,000-km warranty with 20,000-km regular service intervals.

Based on Mahindra’s Urban Prosper Platform (UPP), India’s first ground-up multi-energy modular CV platform, the Veero sets a new industry standard with first-in-segment tech and features such as a driver-side airbag, reverse parking camera, a 26.03 cm touchscreen infotainment system, steering-mounted controls and power windows.

Mahindra Veero is powered by a 1.5-litre mDI diesel engine that delivers 59.7 kW and 210 Nm of torque or the Turbo mCNG engine with its best-in-class power of 67.2 kW and 210 Nm of torque. Furthermore, the Veero offers customisable cargo options, making it ideal for a wide range of business needs. It offers a payload capacity of 1,600 kg for diesel and an impressive 1,500 kg for CNG variant, 3035 mm cargo length, 18.4 km/l mileage for diesel and a 5.1-metre turning radius.

Mahindra Veero adheres to the AIS096 compliance crash safety standards. Other advanced safety features include a False Start Avoidance System and an immobilizer to prevent unauthorised starts. The Veero is equipped with iMAXX connected solutions, with over 50 features that allow customers and fleet owners to conveniently monitor their vehicles using the iMAXX application on smartphones. The application is available in six languages – English, Hindi, Tamil, Kannada, Telugu and Malayalam.

Veejay Nakra, President – Automotive Division, Mahindra & Mahindra Ltd, said, “The Mahindra Veero will further strengthen our leadership in the LCV <3.5 t segment. Built to help customers maximise earnings, it offers best-in-class payload, exemplary mileage and superior manoeuvrability. With multiple segment-first technology and features, the vehicle ensures a premium cabin experience, unmatched safety, exceptional performance and capability. The Mahindra Veero is designed to be a category disrupter ahead of all other offerings in this segment, truly living up to the promise of being ‘Soch Se Aage’."

R Velusamy, President – Automotive Technology and Product Development, Mahindra & Mahindra Ltd, said, “The Mahindra Veero, built on the all-new Urban Prosper Platform, is a testament to our commitment to innovation and versatility. Designed to support multiple powertrain options, including electric in the near future, it addresses the diverse operational needs of businesses, offering flexibility like never before. Safety has been a top priority in its development, with industry-leading standards ensuring maximum protection for all occupants. Engineered to excel in even the most challenging conditions, the all-new Veero sets new benchmarks in its category, especially in comfort, performance, safety and long-term reliability."

Price details (ex-showroom) are given below (Airbag option on V2 and V4 at additional INR 15,000):

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.

UltraTech Cement, one of India’s largest cement and ready-mix concrete company, is aggressively pushing sustainable transportation strategy.

The company, which first introduced five electric trucks earlier this year to understand the potential of deploying the green trucks for transporting clinker, has announced it will deploy 100 e-trucks in the coming months and 500 e-trucks by June 2025 as part of the Government of India’s eFAST initiative.

It has signed a new transport service contract, which will see these e-trucks transport 75,000 MT of clinker per month from its integrated cement manufacturing unit Dhar Cement Works, Madhya Pradesh, to its grinding unit Dhule Cement Works, Maharashtra. The e-trucks will clock a roundtrip of 400km for the operation, which will help it reduce 17,000 MT of CO2 annually.

Interestingly, the company’s pilot programme also served as key learning to deploy charging infrastructure as well as driver training. It is also evaluating additional routes where it can deploy e-trucks and has proposed another pilot between its manufacturing units.

K C Jhanwar, MD, UltraTech Cement, said, “UltraTech is fully committed to realising its Net Zero goal by 2050. We have taken a holistic approach to integrating sustainability in our business conduct. The scale up of EV trucks in our logistics operations underscores our commitment to drive the implementation of sustainable practices in the industry.”

At present, the company currently has more than 468 CNG trucks and 67 LNG trucks operating across its facilities.