Market News
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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.
Ministry of Road Transport and Highways will introduce new cybersecurity and software update management laws
India is set to mandate cybersecurity and software update management for advanced vehicles. New rules will require passenger cars, commercial vehicles, and tractors with Level-3 or higher automated driving to comply with stringent security measures. Existing models and vehicles receiving over-the-air updates will also need to adhere to these regulations in phases starting October, enhancing vehicle safety against rising cyber threats.
Not sensors or AI, why revolving tyres may become the next big thing in vehicle safety
Future car safety is shifting from reacting to problems to predicting them, with a new focus on understanding tyre grip and road conditions in real-time. Instead of adding more hardware, software could analyze existing vehicle data to estimate traction limits before a car loses control. This innovation promises safer driving, especially in challenging conditions, without increasing manufacturing costs.
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.
Auto demand remains strong, but OEM margins may stay under pressure in H1 FY27
Indian auto sector anticipates strong demand across all vehicle types, though automakers may see profit margins squeezed in early FY27. Wholesale dispatches for passenger vehicles, commercial vehicles, and tractors remain robust, indicating sustained consumer interest. Premium segment demand is expected to hold steady, while mass-market sales might moderate later in the fiscal year.
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.
In key structural shift, debt becomes the big new vehicle as Indian IT goes deal-shopping
Indian IT firms are increasingly embracing debt financing for major acquisitions, a departure from their traditional debt-free approach. This is aimed at bolstering AI capabilities, expanding market reach and accelerating growth. Companies like Persistent Systems are leveraging significant financing for strategic takeovers, reflecting a broader industry trend.
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.