Nuego, one of India's leading intercity electric bus brand by GreenCell Mobility promoted by EverSource Capital, has achieved 50 million emission free kilometers within two years of its launch.

The brand claims to become the first intercity electric bus company to achieve this milestone within two years of launch.

NueGo started operations with 80 e-buses during inception and now has a fleet size of over 250 electric ac buses with over 500 daily schedules.

The company claims it has driven over five million guests in more than 110 cities across the country since 2022. This translates to fuel saving of over 10 million litres of diesel and with zero tailpipe emissions, it has avoided over 30 million kgs of CO2 emissions.

Devndra Chawla, MD and CEO, GreenCell Mobility said, "Two years ago, we embarked on a mission to redefine intercity mass mobility in India. Indians want to travel better, and Nuego was born out of a vision to deliver reliability, safety and comfort to our guests and contribute to a healthier planet. The milestones achieved by Nuego not only underscore the brand’s rapid growth but also highlight its dedication in reducing environmental impact. As we celebrate the brand’s 2-year anniversary, I want to extend heartfelt gratitude to all our stakeholders, especially our incredible customers. Their loyalty and trust have been the cornerstone of brand’s success & its future, filled with endless possibilities.”

To address the concerns around women passengers safety Nuego states it was the first brand to launch a dedicated 24x7 helpline number, introduce Pink Seat feature while ticket booking, providing clean and hygienic mid-points and buses equipped with advanced cutting-edge security measures such as CCTV Surveillance, GPS live tracking, driver’s breath analyser tests, speed lock at 80 km per hour hr and more.

Nuego has also established over 50 mid-points nationwide, equipped with cutting-edge charging infrastructure to ensure a smooth travel experience for all passengers.

Going forward, Nuego aims to introduce hybrid buses combining sleeper and seater configurations, is already underway in all operational states. It is also launching 'Green Miles' loyalty program to increase customer engagement, reward frequent travelers, as well as providing ‘Snack on the Go’ on its select routes.

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Daimler India Commercial Vehicles (DICV), a wholly-owned subsidiary of Daimler Truck, has reported a resilient and transformative performance in 2024,  despite a 10 percent decline in the Indian commercial vehicle market driven by macroeconomic headwinds, elections and erratic monsoons.

The company’s key performance highlights include record bus sales of 2,200 units, a 10.5 percent YoY growth and a 65.9 percent surge in bus exports. DICV’s customer service and aftermarket businesses also expanded significantly, with customer service revenue reaching INR 13 billion (up 27.8 percent) and aftermarket revenue growing 18 percent, together contributing over INR 22 billion to the company’s top line.

Satyakam Arya, MD and CEO, Daimler India Commercial Vehicles, said, “Despite numerous challenges, 2024 has been a year of resilience for us. In a time marked by geopolitical tensions and domestic elections, our entire industry faced significant tests. However, through collective strength, we have emerged stronger by focusing on what truly matters - our customers, products and people. Therefore, I am incredibly proud to share that we recorded our highest-ever bus sales, a remarkable milestone that reflects our dedication and hard work. Additionally, we expanded our aftermarket and customer service business, and took decisive actions in innovation, sustainability and transformation. Each of these achievements is the result of the strength and agility of our strategy and the exceptional team at DICV.”

Alexander Schoen, CFO, Daimler India Commercial Vehicles, said, “Despite the tough market environment in 2024, our revenue mix developed positively, driven by a 30.7 percent growth in domestic bus revenue and 58.5 percent increase in bus export revenue. With our customer service and components business collectively generating over INR 22 billion, our business fundamentals remain strong. In addition to these financial successes, we have continued to invest in advanced technologies and sustainable practices that position us for long-term, sustainable growth.”

On the sustainability front, DICV achieved 100 percent renewable power usage (Scope 2) and became the first Indian facility to meet IGBC Green Factory Building V2 standards. Operationally, the company celebrated 10 years of global supply chain contributions through its Consolidation Center, having exported over 300 million parts globally.

In 2024, DICV also expanded its BharatBenz portfolio, launching new Heavy-Duty Rigid Trucks and the TorqShift AMT tipper range, which has already made a strong impact in the mining segment.

Under its organizational transformation program, ‘The BharatBenz Way’, DICV aims to embed Total Quality Management across operations, with ambitions to win the prestigious Deming Award.

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Mumbai-headquartered electric mass mobility company GreenCell Mobility has got the Letter of Award (LoA) for supplying and deploying 472 Eicher e-buses in Madhya Pradesh under the PM E-Bus Sewa Scheme.

The company has partnered VE Commercial Vehicles (VECV) for deploying these e-buses across 6 cities in Madhya Pradesh.

GreenCell Mobility is backed by Eversource Capital, has been actively setting up charging infrastructure to support the e-bus fleet in operations in Uttar Pradesh, Gujarat and Maharashtra. These new contracts will see GreenCell Mobility expand its electric bus operations across Madhya Pradesh and Andhra Pradesh.

Devndra Chawla, MD & CEO, GreenCell Mobility, said, "GreenCell Mobility is honoured to collaborate with the governments of Andhra Pradesh and Madhya Pradesh to support the state’s transition to sustainable public transport. These projects are a major milestone in our mission to transform mass mobility through zero-emission electric buses. Backed by strategic partnerships with leading OEMs and a robust financing model, we are committed to making clean, efficient public transportation accessible throughout India's growing cities- while delivering a safe, reliable, and superior guest experience."

Vinod Aggarwal, MD & CEO, VE Commercial Vehicles, added, “We are delighted to take the next step with GreenCell Mobility by introducing Eicher electric buses in their operations under the PM E-Bus Seva Scheme. These buses are built on reliable technology and have already clocked 1.4 crore kms across India. It is a matter of pride for us that these buses will operate in the state of Madhya Pradesh which has been home to Eicher Trucks and Buses for over four decades. We thank the Government of Madhya Pradesh and GreenCell Mobility for partnering with us to introduce eco-friendly public transportation.”

The PM E-Bus Sewa Scheme is part of the Central Government's initiative to deploy 10,000 e-buses across the country and support the Government of India’s mission to electrify public transport. In FY 2024-25, CESL (Convergence Energy Services) introduced a tender for 4,588 e-buses under the PM E-Bus Sewa scheme.

Also read: EKA Mobility to deploy 750 e-buses across Andhra Pradesh

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CNH Industrial has revealed a comprehensive Strategic Business Plan (SBP) during its 2025 Investor Day, aiming to cement its leadership in agriculture and construction machinery, significantly improve margins, and return more value to shareholders.

The company’s new roadmap includes ambitious targets such as achieving a 16–17 percent mid-cycle adjusted EBIT margin in agriculture by 2030 and delivering over USD 550 million in operational and quality cost improvements. It also seeks a 25 percent increase in through-cycle industrial cash generation. It also aims to consolidate its position as the No.1 or No. 2 player in all major markets.

Gerrit Marx, CEO, CNH Industrial, said, “The strategy that we presented today shows that we have a clear path to achieve our goals. We are committed to delivering strong growth, in tandem with our cost efficiency targets. We have demonstrated our capability to deliver steady margin improvements in the past, and we will take that to the next level in this new phase of our journey.”

Key initiatives include enhancing integration between hardware and Precision Tech systems, a full refresh of the tractor lineup, an expanded combine harvester range and doubling Precision Tech’s share of agriculture net sales. CNH will also revamp its go-to-market approach with a new dual-brand dealer strategy and greater focus on customer service.

On construction, CNH targets a 7–8 percent EBIT margin by 2030 through new product launches, sourcing efficiencies, and aftermarket growth.

The plan prioritises organic growth, but leaves room for strategic M&A.

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German component company JOST Werke, a leading supplier of safety-critical systems for commercial vehicles, has further strengthened its foothold in the industry with the acquisition of Hyva for USD 398 million.

The strategic move enhances JOST’s capacity to serve India’s rapidly growing commercial vehicle market while reinforcing its position as a leading supplier for on-highway (transport) and off-highway (agriculture, construction) applications worldwide.

Hyva’s portfolio includes front-end tipping cylinders and supplies a full range of double-acting cylinders, container lifting systems (hookloaders and skiploaders), waste handling solutions (refuse collection bodies and compactors), and truck-mounted crane, whichs will further complement JOST’s comprehensive range of products for on-highway applications in the transport industry as well as off-highway applications in the agriculture and construction industries.

With this, JOST will strengthen its regional presence, particularly in Asia and the Americas, along with entering new market segments.

Pradeep Gorur Sheshagiri, Managing Director, JOST India, said, “As India’s automotive component sector evolves into a pivotal growth driver, this acquisition aligns perfectly with the nation’s focus on infrastructure modernization and sustainable mobility. Hyva’s hydraulic expertise empowers us to accelerate ‘Make in India’ ambitions, deliver tailored solutions for rugged Indian operating conditions, and strengthen collaborations with domestic OEMs. This partnership reinforces our commitment to advancing India’s commercial vehicle ecosystem with globally benchmarked technologies.”

Jeffrey Zuidgeest, Regional Director India, BU Components, Hyva, added, “The integration of JOST and Hyva’s product portfolios creates a significantly broader range of solutions, enabling us to better serve our customers and end users. Leveraging our existing sales and after-sales network, we are well-positioned to drive further growth and enhance service excellence. This strategic synergy represents a win-win situation for all stakeholders.”

The partners will also pool together R&D to further provide customer-centric solutions. In the last 70 years, JOST has grown from a small forge into a global company with over 25 locations through strategic acquisitions such as Rockinger (2001), Tridec (2008), Mercedes-Benz TrailerAxleSystems (2014), Alö (2020), Crenlo do Brasil (2023) and LH Lift (2023).

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