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Securities Subscription Agreement Between Tata Motors and Freight Commerce Solutions Private Limited
- by MT Bureau
- October 19, 2023

Tata Motors and Freight Commerce Solutions Private Limited (‘Freight Tiger’) have signed a Securities Subscription Agreement (SSA) and a Shareholders Agreement (SHA) for the acquisition of 26.79 percent stake in ‘Freight Tiger’ for a consideration of INR 1500 million.
The SSA includes a provision for Tata Motors to further invest INR 1000 million over the next two years at the then prevailing market value.
‘Freight Tiger’ is a digital platform that provides end-to-end logistics value chain solutions for cargo movement in the country. The platform connects shippers, carriers, logistics service providers and fleet owners to a single digital marketplace, making it easy to find, book and manage freight whilst offering a variety of Software as a Service (SaaS) solutions to digitise and streamline logistics interactions such as freight tracking, assignment, carrier matching, documentation, and payment processing.
The platform facilitates more than 10 million trips on annual basis and has been successfully integrating and ironing out inefficiencies in cargo movements over the last seven years.
Tata Motors has already introduced its connected vehicle platform ‘Fleet Edge’ for aiding fleet operations management. Tata Motors' strategic investment in ‘Freight Tiger’ will accelerate the company's initiatives in driving effectiveness and efficiency in the truck and freight ecosystem. Together, these innovative solutions (‘Fleet Edge’ and ‘Freight Tiger’) aspire to forge a comprehensive end-to-end digital ecosystem for the entire logistics value chain, covering both the truck and the trip ecosystem thereby providing significant benefits to shippers, brokers and transporters who keep India moving.
The closure of transaction is subject to satisfaction of customary condition precedents.
Girish Wagh, Executive Director, Tata Motors Ltd, commented, “At Tata Motors, we are committed to transforming road logistics industry with our innovative solutions and services. We believe that by playing a larger and deeper role in bringing all the stakeholders together to improve road logistics efficiency, we can create value for our core customers: the fleet owners. Hence, we are excited to announce our partnership with Freight Tiger, a pioneer in digitizing the logistics industry. Their vision is aligned with ours, as we strive to improve the efficiency and sustainability of road logistics. Together, we will create new opportunities for growth and value creation for our customers, partners and stakeholders”.
Swapnil Shah, Founder and CEO, ‘Freight Tiger’, expressed, "Software- led approaches are the lever to transform existing industry assets and supercharge them to work more efficiently for all stakeholders. We do this by building trust & facilitating collaboration across the logistics value chain. We are excited to have Tata motors as a strategic investor who shares our belief and vision to build a unified national platform at an unprecedented scale. With such incredible backing and expertise, the company is strategically positioned to lead India's efforts in reducing logistics costs to under 10 percent of GDP from over 14 percent.”
- Isuzu Motors India
- Tata Motors
- Ashok Leyland
- Mahindra & Mahindra
- Society of Indian Automobile Manufacturers
- SIAM
Isuzu Motors India Races Ahead Of Tata Motors And Mahindra As India’s Leading CV Exporter For FY2025
- by Mohnish Bose
- April 17, 2025

Japanese pick-up truck specialists Isuzu Motors India has topped the list for exporting the highest number of made-in-India commercial vehicles for FY2025 as per the latest data released by the Society of Indian Automobile Manufacturers (SIAM).
The company currently manufactures LHD (Left Hand Drive) and RHD (Right Hand Drive) models at its Sri City facility and exported 20,312 units in FY2025, up 24 percent YoY, as against 16,329 units for the same period last year. At present, Isuzu Motors India's made-in-India pick-up trucks are sold in the Middle East and Asia markets.
On the other hand, Tata Motors slipped to the second position with exports of 18,164 units, registering a flat growth, as compared to 17,677 units shipped last year.
Mahindra & Mahindra clocked a 38 percent YoY growth with export of 17,959 units, as against 13,011 units last year.
It is also important to note that FY2025 also marked a record milestone year for Isuzu Motors India, when it rolled out its 100,000th unit from its Sri City facility.
Interestingly, a closer look at the top five commercial vehicles exporter reveals that cumulatively they sold 76,871 units, up 22.81 percent YoY, as against 62,591 units last year. This translates to an average yearly growth of 26 percent amongst them.
COMMERCIAL VEHICLE EXPORTS FROM INDIA | ||||
Company | FY 2025 | FY 2024 | Change (in units) | Change (in %) |
Isuzu Motors India | 20,312 | 16,329 | 3,983 | 24.39% |
Tata Motors | 18,164 | 17,677 | 487 | 2.75% |
Mahindra & Mahindra | 17,959 | 13,011 | 4,948 | 38.03% |
Ashok Leyland | 15,255 | 11,853 | 3,402 | 28.70% |
VECV-Eicher | 5,181 | 3,721 | 1,460 | 39.24% |
Total | 76,871 | 62,591 | 14,280 | 22.81% |
- NueGo
- Greencell Mobility
- ADAS
- Devndra Chawla
NueGo Integrates ADAS Tech Across Its E-Bus Fleet
- by MT Bureau
- April 15, 2025

NueGo, a leading intercity electric bus brand by GreenCell Mobility in the country, has announced that it has integrated Advanced Driver Assistance Systems (ADAS) technology across its entire electric bus fleet consisting of over 275 e-buses.
The company began its operations in 2022 and focusses on providing clean mobility solutions along with integrating various industry-first technology in its fleet.
The strategic move will see NueGo e-buses come with Automated Emergency Braking (AEB), Electronic Stability Control (ESC) and Driver Drowsiness Detection.
In addition, the company has already mandated driver breath analyser test, reserved ‘PINK’ seats for women, real-time GPS tracking, AI-powered driver monitoring system, rigorous safety & service training, 24x7 dedicated women’s helpline, high-definition CCTV surveillance, clean & hygienic mid-point stops and 24x7 command control centre to ensure a safer experience for its users.
Devndra Chawla, MD & CEO, GreenCell Mobility, said, “At NueGo, guest safety is deeply embedded in our DNA. We were among the first in the industry to integrate Advanced Driver Assistance Systems (ADAS) across our entire fleet –setting a new benchmark for intercity travel. Our unwavering commitment is to deliver a journey that is comfortable, sustainable, and above all, exceptionally safe”
- Ashok Leyland
- Indian Bank
- Channel Finance
- M&HCV Dealers
Ashok Leyland Collaborates With Indian Bank To Provide Finance Facilities For M&HCV Channel Partners
- by MT Bureau
- April 07, 2025

Ashok Leyland, the Indian flagship of Hinduja Group and the country’s leading commercial vehicle manufacturer, signed a memorandum of understanding (MoU) with Indian Bank to provide finance facilities for its M&HCV dealers.
Through the cooperation, Ashok Leyland's M&HCV dealers will have easier access to finance solutions, enabling them to improve company operations and effectively manage their working capital. Dealers may grow their operations with ease thanks to Indian Bank's customised financing alternatives, which offer better liquidity, quicker loan approvals and competitive interest rates. This partnership underscores Ashok Leyland's dedication to empowering its dealer network and promoting sustainable growth in the commercial vehicle sector by guaranteeing increased financial flexibility.
C Neelakantan, Head of Treasury and Direct Taxation at Ashok Leyland, and Saurabh Dalmia, Head of Cash Management at Indian Bank, signed the MoU in the presence of Madhavi Deshmukh, National Sales Head of MHCV at Ashok Leyland, Ashutosh Choudhury, Executive Director, Roopali Singh, DGM-CMS Vertical, and Munash Dalal, AGM-CMS Vertical, who were representatives from Indian Bank.
Balaji K M, CFO, Ashok Leyland, said, “Ashok Leyland is delighted to partner with Indian Bank to offer customised finance solutions to our valued M&HCV dealers. With Indian Bank’s expansive network of 5,880 branches across India, we can cater to our dealers in every region. This strategic partnership will strengthen Ashok Leyland's market position. We remain committed to delivering exceptional experiences to our customers.”
Madhavi Deshmukh, National Sales Head – MHCV, Ashok Leyland, said, “The strategic collaboration with Indian Bank will deliver exceptional financing solutions to our valued dealers, extending our market reach and reinforcing our commitment to innovation and partner success. This partnership will provide tailored financing solutions designed to meet the unique requirements of our dealers. We remain dedicated to fostering long-lasting relationship with our dealer network.”
Ashutosh Choudhury, Executive Director, Indian Bank, said, “Indian Bank is pleased to partner with Ashok Leyland to provide their dealers seamless and tailored financing solutions. This collaboration reaffirms our commitment to supporting the diverse financial requirements of businesses in the commercial vehicle sector. With Indian Bank’s best-in-class processes, we are confident that more dealers will benefit from this partnership, enabling them to scale their operations and drive business growth.”
- Ashok Leyland
- Dost
- Bada Dost
- Saathi
- Partner
- MiTR
- Viplav Shah
Ashok Leyland Opens New LCV Dealership In Mirzapur
- by MT Bureau
- April 03, 2025

Ashok Leyland, a leading commercial vehicle manufacturer, has inaugurated its 22nd Light Commercial Vehicles (LCV) dealership in Uttar Pradesh. The new 3S facility located in Chunar, Mirzapur will further strengthen the company’s presence in North India.
The company’s LCV portfolio includes Saathi, Dost, Bada Dost, Partner and MiTR targeted for a wide range of customers and applications.
Viplav Shah, Head – LCV Business, Ashok Leyland, said, “Recognising immense potential of Uttar Pradesh as a key market for us, we are thrilled to strengthen our presence in the region. Our new dealership in Chunar (Mirzapur) would go a long way in reinforcing our presence in the state. The phenomenal success of our ‘Dost’, ‘Bada Dost,’ and the new ‘Saathi’ range underscores the robustness of our products - thanks to their best-in-class mileage, superior performance, and higher payloads. We take immense pride in our exceptional service retention levels, with nearly 70% of our customers returning to our dealer workshops even beyond the warranty period. This new dealership marks yet another milestone in our journey to provide the best possible experience to our valued customers.”
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