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Commercial vehicles
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Net tone● ±0% today
Market checkAshok Leyland +1.1%
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Market move● mixedIran-linked diesel price spike makes electric trucks cheaper than diesel in key EU markets, environmental group saysDieselEuropean UnionFuel prices
Expansion● mixedRamkrishna Forgings shifts gears beyond commercial vehicles, bets on EVs and passenger cars: Chaitanya JalanRamkrishna ForgingsCars and SUVsEVs and batteries
Expansion▲ bullishTruck makers widen reach as freight spreads beyond big citiesBharatBenz and Ashok Leyland are expanding sales and service networks beyond metrosAshok LeylandAutosShipping and logistics
Policy▲ bullishStates seek 10,000+ more e-buses beyond PM E-DRIVE allocationStates sought over 10,000 additional e-buses beyond the 14,028 planned under PM E-DRIVEEVs and batteriesPower demand
Market move● mixedTesla’s stock falls as launch of Semi truck fails to excite investorsTesla shares fell after its Semi truck launch failed to excite investorsTeslaAutosElectric cars
Expansion▲ bullishEaseMyTrip’s EMTev launches electric buses in Bhopal, targets 5,000 annuallyEMTev has started deploying electric buses in BhopalManufacturingEVs and batteriesEasy Trip Planners
Expansion▲ bullishExpecting 400-500 hydrogen-powered buses running by 2030: Hydrogen Mission ChiefIndia expects 400–500 hydrogen-powered buses to be running by 2030Green hydrogenRenewables
Expansion● mixedTesla poised to scale production of heavy-duty Semi trucks with opening of Nevada factoryTesla is set to open its first heavy-duty truck factory in Sparks, NevadaTeslaEVs and batteriesAutos
IPO● mixedKKR-backed PMI Electro Mobility confidentially files for IPOThe electric commercial vehicle maker operates 3,300 e-buses across 34 Indian citiesAutosEVs and batteriesPMI and IIP
Expansion● mixedTesla begins Semi electric truck deliveries, with PepsiCo and DHL among customersTesla has begun deliveries of its Semi electric truckTeslaEVs and batteriesAutos