VE Commercial Vehicles (VECV) has inked a Memorandum of Understanding (MoU) with Statiq, a leading EV charging solutions provider, to drive adoption of its electric vehicle offerings, starting with the Eicher Pro X range of Small Commercial Vehicles.

As per the understanding, Statiq is set to become one of VECV’s preferred EV charging network partners, wherein it will provide access to its growing network of over 8,000 charging points on it’s aggregated platform across the country. The partners will also integrate Statiq’s extensive network with My Eicher app, an industry-first connected fleet management solution, to provide real-time visibility of charging stations, intelligent navigation assistance and tariff transparency. VECV customers will also benefit from promotion offers and preferential tariffs.

Abhishek Chaudhary, SVP, Sales & Marketing, Small Commercial Vehicles, VECV, said, “Our partnership with Statiq marks a significant step forward in strengthening the EV ecosystem for commercial transportation in India. By offering an integrated solution to customers through the industry leading MyEicher App, we aim to deliver a hassle-free and reliable experience to our customers. This collaboration will also empower Eicher Pro X electric customers with enhanced convenience, confidence, and operational efficiency, accelerating the shift towards sustainable transportation.”

Akshit Bansal, CEO & Founder, Statiq, said, “Our partnership with VE Commercial Vehicles is a milestone in our journey to create a strong and efficient EV charging ecosystem for commercial vehicles in India. By integrating our expansive charging network with VECV’s MyEicher, we aim to provide users with a seamless, tech-driven charging experience that removes barriers to EV adoption. With this initiative, we are committed to enabling a smoother, faster transition to electric mobility for commercial vehicle operators.”

The partners also to setup a robust support ecosystem, which includes call centre access, service ticket management, troubleshooting, repairs and ongoing maintenance services to ensure uninterrupted vehicle operations. A dedicated Point of Contact (POC) system will also be implemented under shared responsibility.

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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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