Safety and emission reduction, though not paramount, are gaining traction in the Indian commercial vehicles space. Wabco India, which has been acquired by ZF, is bullish on the market which is being driven by regulations and trends. According to P Kaniappan, Managing Director, WABCO India Ltd, the new independent Commercial Vehicle Control Systems division with ZF will offer better value and service to the Indian customers in the local context. The company keeps focusing on bringing its global capabilities to cater to new regulations and demand for advanced driver assistance, braking, stability control, suspension, transmission automation and aerodynamics to improve safety, efficiency and connectivity of commercial vehicles.

ZF Friedrichshafen completed its USD 7 billion acquisition of commercial vehicle technology supplier Wabco Holdings amid the pandemic last year. The integration is still underway and is expected to finish in early 2022. As part of the process, the company’s initial focus was to ensure seamless business continuity with customers and to assure employees that the acquisition is another part of the business. “From day one, we had communication with all our employees, giving them the rationale and logic of this merger with the customer centricity approach for which we are known in India and globally,” said P Kaniappan, Managing Director, WABCO India Ltd.

The acquisition is expected to create a powerhouse in the commercial vehicle space, offering better value and service, catering to demand for safety, dynamics controls, air suspension systems, fuel efficiency, emission reduction, fleet management and connectivity.

Wabco, which will be the 10th division of the Germany-based technology company, will operate as the independent Commercial Vehicle Control Systems division within ZF.

“We are updating our customers on the integration process, which is taking place at a global level. The integration process is very structured and professionally aligned internally,” added Kaniappan.

Wabco is the leading global supplier of braking control systems and other advanced technologies that improve commercial vehicles’ safety, efficiency and connectivity. Wabco is present in India for more than 60 years. Powered by its vision for accident-free driving and greener transportation solutions, Wabco India provides industry-leading solutions in the autonomous, connected and electric (ACE) domains to the commercial vehicle industry in India.

Currently, Wabco India Limited is a world-class manufacturer and local market leader in advanced braking systems, conventional braking products and related air assisted technologies and systems in India. Headquartered in Chennai, Wabco India has five manufacturing facilities, an advanced technology development centre, a vehicle testing facility and a nationwide aftermarket distribution and services network. Wabco India is committed to the long-term success of its customers by leveraging Wabco’s robust global technology portfolio.

Though Kaniappan agrees that the integration would have been a smoother ride if the pandemics had not caused subsequent lockdowns, he said the employees’ safety and health have always been paramount for the company. “Yes, the focus could have been much more intense (on the integration), and the timeline could have been shorter. But by the time we started the integration, the pandemic was already affecting the world. So that’s the reason we had to stretch the integration deadline.”

Wabco is betting high on all its product range considering the new regulations related to safety, emission, fuel economy and total cost of ownership. According to Kaniappan, Wabco braking system will remain the main growth driver for the company. India has been traditionally the drum brake system market. However, with the growing emphasis on safety and new mobility, the Indian auto industry is slowly moving on to the air disc brake (ADB), which offers better safety, service, comfort and overall cost. The ADB offers a shorter stopping distance, consistent brake performance and very high mechanical efficiency. The prime advantage of ADB is in weight reduction; the single-piston allows to deliver the same performance with a significantly lower number of components, which in turn minimises parts failure. The company launched disc brake systems for the bus segment, mainly for the front axle. “Within our brake system, the company also aims to improve the efficiency of the braking system that consumes energy,” added Kaniappan.

He also added that the increased axle load norm demands improvement in the braking system. As a result, the company has upgraded all its braking system products to support the customers, which involves upsizing the compressors or optimising the size of the compressors, upgrading the air management system products, and in some cases, changing the actuators and other elements of the braking system to handle the higher axle load requirement.

Commercial vehicles, trucks, buses and multi-axle vehicles account for a third of road accidents in India. About 84 percent of accidents occur owing to loss of control.

India is also in the process of making electronic stability control (ESC) mandatory soon. The draft notification has been issued for the ESC for buses, which is expected to come into force by April 2023. It aims to achieve higher standards of safety for all categories of vehicles. Wabco India has already been supplying Electronic Stability Control (ESCsmart) for trucks and buses. The ESCsmart improves vehicle stability during highly dynamic driving manoeuvres. ESCsmart provides yaw control on low friction road conditions and roll stability control on high-friction road conditions. It operates independently of driving and load conditions and delivers outstanding control quality due to self-adapting capabilities on the road.

In addition, Indian customers are now testing and evaluating some advanced emergency braking systems for collision avoidance, which immediately assists and alerts the driver. The Wabco executive expects autonomous emergency braking (AEB), which has collision warning systems and collision mitigation systems, will soon be introduced in India. “The technologies available with both companies are to be localised at an appropriate time,” he added.

Wabco India also offers solutions to make air suspension intelligent. The company’s air suspension with electronic control air suspension technology (ECAS) is an alternative to the steel-spring suspension. It improves fuel economy, increases ride comfort, enhances passenger safety and improves vehicular stability. With this technology, the vehicle can sense the road and distribute the load, and the whole system can be raised or lowered to give reduced drag and roll-over protection. Usually, on bumpy roads, air depletes in the suspension; however, ECAS can ignore small humps on the road and air depletion will occur only during the heavy bumps. “With the ECAS, we can reduce air consumption, resulting in saving fuel. As every vehicle goes through a bumpy road, the air depletes. Our electronic control can programme the system so that it does not deplete, and it improves the fine balance of the compressor running. Plus, it can also raise and lower the height of the vehicle’s suspension. This fuel-saving technology will find its place due to CAFÉ norms. This technology is also progressively coming into the Indian market, and we are working with some customers,” added Kaniappan.

Tyres are the only component that touch the road, which influences the safety and fuel efficiency of the vehicle as well. Inappropriately aired tyres impact the fuel economy and tyres’ life and could also cause accidents. As per a report, over 30 percent of truck breakdowns were caused by tyre failure. Wabco India’s OptiTire, tyre pressure monitoring system (TPMS), helps maintain tyre pressure at the recommended level and detects slow punctures early. This also helps in improving fuel efficiency, rolling resistance and reduction in CO2 emission. The company is also working on getting TMPS sensors localised to make the technology competitive in the country.

The AIS 140, standards published by the Automotive Research Association of India (ARAI), mandates a vehicle-tracking device and an emergency button in all existing and new public-service and commercial vehicles. Wabco India also finds business opportunities in the vehicle tracking space.

Fleet management is also another area where Wabco sees more considerable opportunities as the fleets are now realising the importance of the total cost of ownership through such programmes. In addition, Wabco offers its connected vehicle programme for OEMs.

Wabco India also launched fleet management solutions or connected vehicle programme. The company has already strengthened its connected vehicle solutions after the acquisition of Transics. The company has developed a solution in India for the Indian market in the local context. It has partnered with a few customers and is powering its connected vehicle solutions by providing end-to-end solutions from hardware, firmware and software. This includes advanced fuel management, uptime monitoring, trip monitoring and route management, vehicle diagnostics, track and trace of fleets, helping improve fleet logistical efficiency and the safety and comfort of passengers and drivers.

For the aftermarket, WABCO acquired AssetTrackr. Asset Trackr offers global capabilities with a value proposition for the Indian market. The company is now leveraging its aftermarket and using the aftermarket network, service centres to promote Asset Trackr as another significant new revenue stream.

Demand for OE commercial vehicles has been slackening for two years. In FY20, commercial vehicle sales plunged 29 percent , followed by over 20 percent in FY21. As a result, the company is banking on its reach and product offering in the aftermarket business. Wabco India’s aftermarket business grew over 50 percent in the first three months of this calendar year.

Taking a lesson from the pandemic that has severely impacted commodity prices, Wabco explores the chances to procure steel, aluminium from the prime producers in the local market to have stability in supply. “We have learned a lot during recent times. We can anticipate the things in a much better way and can have better preparedness, flexibility and agility which will help us to face any potential headwinds that are going to come,” added Kaniappan. (MT)

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VSL PowerHive Pvt Ltd has unveiled the P261, a liquid-cooled battery storage system rated at 125 kW/261 kWh, targeting industrial and commercial customers in India and other global markets. The announcement represents the company's first official product launch under its own branding, distinguishing it from the earlier VION offering. This move positions the Vikram Solar subsidiary for accelerated growth in the competitive energy storage arena.

The newly introduced unit tackles operational requirements including emergency power provisioning, load smoothing during expensive tariff periods and maximised solar generation utilisation. Additional functions include curtailment of diesel generator usage, stabilisation of power quality, accommodation of EV charging points and enabling of microgrid networks. By drawing upon Vikram Solar's production capabilities, the company intends to serve clients navigating different phases of decarbonisation.

Compact cabinet construction combines with active liquid thermal management to preserve electrochemical stability and prolong service life relative to air-cooled designs. A built-in controller provides live system oversight and off-site troubleshooting, complemented by automated extinguishing mechanisms and redundant protection circuits. The modular layout permits future augmentation and merges photovoltaic inputs, mains connectivity, storage hardware and EV supply under one operating platform.

Embedded within the chassis is a 261 kWh lithium iron phosphate core with 832V nominal voltage and 314 Ah cells, facilitating rapid energy exchange in both grid-tied and standalone modes. Functional operation spans from -30°C to 50°C, with an IP52S enclosure safeguarding against particulate and moisture ingress. Practical benefits include diminished demand charges, intelligent solar shifting and resilient backup during grid failures. The system also supports fuel savings, fast-charging rollouts and power conditioning across distributed and bulk applications. Through the P261, VSL PowerHive addresses surging C&I storage demands while signalling future expansion across diverse market tiers.

Arun Mittal, CEO, VSL PowerHive Pvt. Ltd., said, "India's industrial and commercial sectors are ready for storage solutions that actually work for their needs, and the P261 answers that call. Bringing this to market as our first official product under PowerHive is a significant step, and there's much more in the pipeline."

Gyanesh Chaudhary, Chairman and Managing Director, Vikram Solar, said, "India’s energy transition is entering its most decisive phase, and storage will determine how fast and how far we go. With the P261, PowerHive moves from concept to commercial reality, built on the same manufacturing discipline and quality rigour that have defined Vikram Solar’s journey in solar. This is more than a product launch; it is the foundation of a business we intend to scale with real ambition as we work towards building PowerHive into a full-fledged storage solutions provider serving India and global markets in the years ahead."

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European auto major Stellantis has announced leadership changes within its Enlarged Europe organisation, effective 1 September, as part of the execution of its Fastlane 2030 strategic plan. The newly appointed executives report directly to Emanuele Cappellano, Chief Operating Officer (COO) for Enlarged Europe.

The company has announced that Arnaud Belloni will take on the role of Chief Executive Officer of the FIAT, Abarth and Lancia brands, alongside taking on the role of Chief Marketing Officer for Europe. He returns to Stellantis, where he previously spent 16 years managing marketing strategy for its Italian and French brands, after serving as global Chief Marketing Officer and Chief Branding Officer at Renault Group. He succeeds Olivier Francois, who will assist with the leadership transition through mid-October before taking up a role as a company strategic advisor.

Among other executive changes, Xavier Chardon has been appointed CEO of DS Automobiles while retaining his responsibilities for Citroen. Xavier Peugeot has been named Head of the Jeep brand in Europe, a newly created position focused on product, marketing and sales development within the European market. Meanwhile, Roberta Zerbi will focus on customer journey excellence and network development.

Under the reorganised Commercial Operations Enlarged Europe division led by Maurizio Zuares, Gaetano Thorel assumes responsibility for Enlarged Europe Lancia alongside his current duties for FIAT and Abarth, reporting functionally to Belloni. Laurent Diot takes responsibility for Enlarged Europe DS Automobiles alongside Citroen, reporting functionally to Chardon. Fabio Catone remains responsible for Enlarged Europe Jeep, Ram, and Dodge brands, with a functional reporting line to Peugeot.

Emanuele Cappellano, COO, Enlarged Europe, said, “These appointments mark another important step in accelerating the execution of our Fastlane 2030 strategic plan. They establish the foundations for a European marketing vision centered on creativity and innovation, reinforce Jeep’s growth through dedicated leadership, and clarify the positioning of Lancia and DS Automobiles as specialty brands, preserving their distinctive identities while strengthening integration with FIAT and Citroen, respectively. I would like to congratulate Arnaud as he joins Stellantis, together with all the colleagues taking on new and more challenging responsibilities. I am confident that each of them will play a vital role in delivering these strategic priorities. I would also like to thank Olivier for his outstanding contribution to the Company over more than 30 years managing iconic brands and shaping communication as Global Chief Marketing Officer. Olivier has embodied the perfect balance between dedication and empathy, combining a proactive mindset with unconventional spirit that truly sets exceptional creative leaders apart. I am sure we will take advantage from his expertise as a strategic advisor to our Company”.

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ICRA, a leading rating agency, has released a report stating that toll collection growth on national highways across India is projected to increase between 10 percent and 12 percent in 2027-28, up from an estimated 7 percent to 9 percent in 2026-27.

The projected recovery follows an expansion of 10 percent in 2025-26 and is expected to be supported by toll rate revisions alongside stable traffic growth of 4 percent to 5 percent.

The anticipated rise in toll rates in 2027-28 reflects movements in Wholesale Price Index inflation. Toll rate growth is projected at 6.2 percent to 6.4 percent for newer projects linked to December index figures, and 4.5 percent to 5.5 percent for older projects linked to March figures.

Suprio Banerjee, Co-Group Head, Corporate Ratings at ICRA, said: “Traffic growth on national highways largely moves in line with the gross value added (GVA) of construction, mining and manufacturing (CMM). GVA growth of CMM has increased by a notable 8.1% in 2025-26. Consequently, traffic on national highways witnessed a healthy growth of 6%. Coupled with a toll rate hike, toll collections increased by 10% in 2025-26. ICRA estimates the GVA growth of CMM to remain at 7-8%, which is likely to entail traffic increase of 4.5-5.5% in 2026-27, albeit partly impacted by export-related traffic challenges. This, coupled with a relatively lower toll rate revision of 3.4-4.0%, is likely to moderate toll collections growth in 2026-27. Thereafter, supported by a higher toll rate revision in 2027-28, toll collection growth is expected to increase to 10-12%.”

It further finds that road execution by the Ministry of Road Transport and Highways is expected to remain between 9,000 km and 9,500 km in 2026-27, compared to 9,380 km recorded in 2025-26.

Project execution during the first quarter of 2026-27 was affected by increases in bitumen prices and supply disruptions linked to events in West Asia. While, project awarding activity by the Ministry declined to approximately 7,000 km in 2025-26 from 7,538 km in 2024-25, following focus on land acquisition and environmental clearances prior to project allotment.

Budgetary allocations are expected to increase project awarding to between 8,000 km and 8,500 km in 2026-27.

Engineering, procurement and construction contracts accounted for 65 percent to 70 percent of total project awards in recent years, while hybrid annuity mode contracts represented 25 percent to 30 percent.

ICRA projects the share of hybrid annuity contracts to be between 24 percent and 26 percent in 2026-27, as projects exceeding INR 5 billion are directed toward hybrid annuity or toll models. The Ministry has introduced a revised model concession agreement for build-operate-transfer toll projects, featuring revenue support mechanisms during traffic shortfalls and termination provisions.

Bidding discounts for engineering, procurement and construction projects averaged median levels of -30 percent in 2024-25 and -35 percent in 2025-26, while hybrid annuity projects recorded median discounts of -16 percent and -19 percent over the same period. To address bidding margins, performance security norms were updated in June 2026, alongside plans for bundled highway project allocations.

Banerjee added, “The moderation in road execution is primarily attributable to the sustained slowdown in project awarding activity over the past three years. Consequently, road construction activity slowed down in 2024-25 and 2025-26, and ICRA expects road execution to remain in the range of 9,000-9,500 km in 2026-27. The Ministry’s move to revive the BOT (Toll) road projects through the revised model concession agreement is a welcome step and is expected to support increased private sector participation in the roads sector. However, the extent to which it translates into a meaningful revival in construction activity remains to be seen. Despite stricter bidding norms and the expected bundling of project awards, competition in the sector is unlikely to come down unless project awarding activity picks up materially.”

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JSW MG Motor India, one of the leading passenger vehicle manufacturers, has announced the appointment of Parth Jindal as its new Chairman, effective immediately.

Jindal has been instrumental in the company’s strategy since the formation of the joint venture between JSW Group and MG Motor India. He has been closely involved in the product strategy, localisation and manufacturing expansion for the automaker in India.

At present, Jindal also serves as the Managing Director of JSW Cement and JSW Paints. He is also the Chairman of JSW Dulux, Chairman of JSW MG Motor India and a Director on the Board of JSW Energy.

In addition, he is the Founder of JSW Sports and Chairman and Co-Owner of the Delhi Capitals.

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