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Tata Group targets doubling automotive revenue to $100 billion in five years
Tata Motors targets doubling automotive revenue to $100 billion within five years. Jaguar Land Rover will contribute significantly to this ambitious revenue goal. The commercial vehicle segment is also projected for substantial growth and increased revenue. Tata Motors plans significant investments and new models for its domestic operations. The company aims for increased market share and profitability across its automotive businesses.
SML Mahindra's June CV sales rise 5% YoY to 1,896 units
SML Mahindra reported an 4.92% year-on-year increase in commercial vehicle (CV) sales to 1,896 units in June 2026, compared with 1,807 units sold in June 2025.
SML Mahindra reports higher June production and sales, but exports drop 47%
SML Mahindra reported a 4.9% rise in June commercial vehicle sales and a modest increase in production, while exports fell nearly 47% compared with the same month last year.
Ashok Leyland partners with Rosmerta Recycling to boost commercial vehicle scrapping
Ashok Leyland has joined forces with Rosmerta Recycling to streamline the scrapping of old commercial vehicles across India. This partnership will offer customers a hassle-free process, including deregistration support, at authorized facilities. The initiative aligns with government programs to modernize fleets, reduce pollution, and encourage the adoption of newer, eco-friendly vehicles, providing customers with benefits like discounts and tax waivers.
Healthy credit cycle set to keep NBFCs on growth track in Q1
Non-banking finance companies are poised for a strong April-June quarter, with analysts predicting a 20% rise in assets under management. This growth is fueled by robust loan demand, particularly in affordable housing and microfinance, alongside steady commercial vehicle financing. Despite a traditionally slow start, collection efficiency remains high, and falling bond yields are expected to lower funding costs, promising stable profits and continued loan expansion.
Tata Power offers 'pay-as-you-save' scheme with rooftop solar system for commercial users in Punjab
Tata Power Renewable Energy Limited has launched a 'pay-as-you-save' scheme in Ludhiana, enabling commercial and industrial consumers in Punjab to adopt rooftop solar systems with zero upfront cost. This initiative aims to install 200 megawatts of solar capacity over three years, allowing businesses to repay through savings-based EMIs or lease rentals.
IBM to set up one of India's first quantum computers in Amaravati by September 2026
Amaravati is set to become a major hub for quantum computing in India, with IBM announcing plans to install one of its advanced quantum systems there by September 2026. This move, driven by India's strong talent pool, aims to unlock significant commercial advantages across various sectors. The initiative aligns with Andhra Pradesh's vision to establish itself as a leading quantum technology center, fostering research and innovation.
Hexagon Nutrition Ltd leads gainers in 'B' group
Commercial Syn Bags Ltd, IFGL Refractories Ltd, Control Print Ltd and Orient Technologies Ltd are among the other gainers in the BSE's 'B' group today, 02 July 2026.
June auto sales data: Commercial vehicle turns consensus player; brokerages list stocks to buy
Indian automakers reported strong performance in June 2026, with healthy demand across passenger vehicles, two-wheelers, commercial vehicles and tractors. Brokerages including Motilal Oswal, Emkay and ICICI Securities highlighted broad-based growth, with several OEMs beating estimates. Maruti, M&M, TVS and Tata Motors stood out, while Hyundai underperformed in PVs. Analysts remain optimistic on the sector, favouring CVs and select two-wheeler players amid improving demand and pricing conditions.
Chinese App BAT-BMS Allows Strangers To 'Control, Switch Off' E-Rickshaws Via Bluetooth, Netizens Claim
BAT-BMS connects with an e-rickshaw's battery and then cutting off the vehicle's access to power.
Tata Motors CV posts strong June sales; EV volumes jump four-fold in Q1
Tata Motors reported a 35% year-on-year rise in June commercial vehicle sales, driven by strong domestic demand and an 83% jump in international business, while electric CV volumes continued to gain momentum.
M&M total sales jumps 37% to 1.06 lakh units in June
Mahindra & Mahindra witnessed a robust 37% surge in total sales for June, reaching 1,06,207 units. Domestic SUV sales climbed 28%, while commercial vehicle sales saw a 35% increase. The Farm Equipment Business also reported a 12% rise in tractor sales, with domestic figures showing similar growth. Exports for tractors also experienced an 8% uptick.