TVS Motor Company has announced a leadership transition, with Sudarshan Venu set to take over as Chairman and Managing Director effective 25 August 2025. The Board of Directors unanimously approved his appointment in recognition of his significant contributions to the company’s growth and strategic direction during his tenure as Director.

Current Chairman Sir Ralf Speth has informed the Board that he will not seek re-appointment as a Director at the upcoming Annual General Meeting (AGM). As a result, he will step down as Chairman at the conclusion of the AGM on 22 August 2025. However, to ensure continuity and leverage his expertise, the Board has appointed Speth as Chief Mentor for a three-year term, effective 23 August 2025.

Venu Srinivasan, Chairman Emeritus, TVS Motor Company, said, "I express my sincere gratitude to Ralf for his exceptional leadership as Chairman over the last three years. His contributions have been invaluable in guiding our strategic expansion into global markets and fostering innovation that has significantly strengthened our industry standing. We are grateful for his continued support as Chief Mentor for TVS Motor and in welcoming Sudarshan into his new role. I am confident that Sudarshan, who, in his capacity as Managing Director, has demonstrated tremendous growth for the business, will take the Company to even greater heights.”

Sir Ralf Speth said, "It has been an honour for me to steer TVS Motor Company as its Chairman over the last three years. I am grateful for the support, cooperation and personal friendships developed during my tenure. As I hand over the Chairmanship to Sudarshan, I am confident that under his leadership, the Company will continue its growth journey while championing core TVS values. Sudarshan’s dynamism and passion underscore his vision for the business, and I am confident that TVS is in safe, responsible hands. I wish Sudarshan and TVS Motor a bright future ahead.”                               

Sudarshan Venu said, "I am very thankful to the Board for giving me this singular opportunity. I am really honoured and excited for the future and look forward to their continued support. TVS has been built on our Chairman Emeritus’s commitment to customer centricity, quality and technology. As we look to the future, we have to build on these values while capitalising on new opportunities and reimagining for the future. I am most grateful to him for his continued guidance. Sir Ralf has been instrumental in challenging and mentoring us to expand more globally, onboard international talent, embrace newer processes and invest in future products and technology. I look forward to his continued mentorship as our Chief Mentor. Importantly, TVS has grown due to the passion and energy of the entire team. I look forward to the continued partnership in our shared future.”

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Montra Electric, the clean mobility arm of the Murugappa Group, has inaugurated its all-new e-SCV (Small Commercial Vehicle) showroom in Gurugram.

The new 3S facility operated by SOL Automotive India will house the EViator, Montra Electric’s e-SCV, which comes with a certified range of 245km and a real-world range of 170km. It is powered by an 80 kW motor that delivers 300 Nm of torque and comes with advanced telematics that the company claims enables over 95 percent fleet uptime. It is backed by 7 year or 250,000km warranty.

Saju Nair, CEO, TIVOLT Electric Vehicles (SCV division of Montra Electric), said, “Delhi NCR is a crucial market in our expansion roadmap, and we are excited to bring the Montra Electric experience to Gurugram. With the launch of this dealership, we aim to provide unmatched service and high-performance electric mobility solutions tailored for modern logistics and cargo needs. Our partnership with SOL Automotive brings together a shared vision of driving cleaner, more efficient transportation for the region.”

Rajesh Gulia, Director, SOL Automotive India, said, “We are proud to be associated with Montra Electric and bring the EViator to Gurugram’s thriving commercial ecosystem. This partnership is a timely response to the growing demand for sustainable transport solutions in the region. We look forward to offering customers a best-in-class ownership experience through our new facility."

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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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Volkswagen-owned Swedish commercial vehicle brand Scania has reported a challenging second quarter for 2025, with sales revenue declining 10 percent to SEK 49.9 billion and operating profit down 44 percent to SEK 4.5 billion.

The company attributed headwinds such as geopolitical turbulence, delayed customer investments and reduced truck deliveries – particularly in Latin America, as key factors impacting demand.

Furthermore, Scania has announced that it will adjust global production rates in the latter half of the year to align with market conditions, though European truck order intake strengthened, offsetting declines elsewhere. However, Scania maintained a stable 17.9 percent market share in Europe's heavy truck segment.

On the other hand, it anticipates tailwinds such as strong performance in the bus sector and resilient growth in service revenue (up 5 percent currency-adjusted). Scania also advanced its electrification strategy, expanding its electric bus portfolio and introducing the Megawatt Charging System for rapid truck charging.

However, Christian Levin, President and CEO, Scania and TRATON Group, highlighted the disappointingly low 1.5 percent adoption rate for heavy BEV trucks in Europe, calling for urgent political alignment on infrastructure, energy pricing, and regulation to meet carbon reduction targets.

The integration with TRATON Group continues, with the new TRATON R&D business now operational, and Scania's third global production hub in China is on track to open in Q4 2025. Levin expressed confidence in Scania's strong position to shape the industry's future despite current instability.

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Chennai-headquartered commercial vehicle major Ashok Leyland has signed a Memorandum of Understanding (MoU) with Chhattisgarh Rajya Gramin Bank (CRGB) to enter into a strategic vehicle financing partnership for its Medium and Heavy Commercial Vehicles (MHCV) customers.

The MoU was exchanged between D S Madhusudhan, Head Sales - Finance, Ashok Leyland and Vijay Vasant Raikwad, General Manager – Credit, Chhattisgarh Rajya Gramin Bank.  Sreeji, Zonal Manager - Central, Ashok Leyland; Saikat Mandal, Regional Manager – Chhattisgarh, Ashok Leyland and Amarjeet Singh Khanuja, AGM – Credit, Chhattisgarh Rajya Gramin Bank were also present at the event.

K M Balaji, Chief Financial Officer, Ashok Leyland, said, “Ashok Leyland is happy to partner with Chhattisgarh Rajya Gramin Bank. Our collaboration with Chhattisgarh Rajya Gramin Bank enables us to offer comprehensive financing solutions, with flexible and customized repayment plans, ensuring greater convenience for our customers leveraging the Bank’s network in state of Chhattisgarh.”

Sanjeev Kumar, President – MHCV, Ashok Leyland, said, “We are delighted to partner with Chhattisgarh Rajya Gramin Bank to offer attractive and accessible financing solutions to our customers. This strategic collaboration further strengthens Ashok Leyland’s market leadership and customer-centric approach. Our advanced products are engineered to deliver the industry's best total cost of ownership, enabling greater profitability for our customers. We remain committed to delivering exceptional experiences across every touchpoint.”

Vijay Vasant Raikwad, General Manager – Credit, Chhattisgarh Rajya Gramin Bank, said, “We are proud to partner with Ashok Leyland. The partnership will offer customised offerings to customers across Chhattisgarh. Our diverse financial offerings aim to deliver convenient and comprehensive financing choices. We believe this partnership will fulfil the business needs of both organisations, creating a significant positive impact and paving the way for continued progress and success in the commercial vehicle sector.”

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