Truck & Bus News: Industry Updates

The company has crossed the 95% ownership threshold and plans to begin a legal squeeze-out process for the remaining shares.

Domestic sales declined 3.7% to 958 units, while exports increased 67.2% to 107 units.

The investment includes ₹855 crore under its rights entitlement and an additional ₹595 crore for further subscription.

The company maintained a 52.3% market share, with Bolero Maxx Pickup and Jeeto supporting its strong position.

Mahindra is planning capacity additions as its combined truck and bus business reports higher sales in Q2 FY27.

Jefferies says India's truck registrations rose 34% year on year in the first 27 days of October 2026, while tractors grew 3% and passenger vehicles and two-wheelers fell 20-25% because of the later festive season.

Truck rentals rose year on year on every major route in October 2026, led by Delhi-Kolkata-Delhi at 13%, while goods carrier sales rose 11% month on month and diesel use jumped 20%, Shriram Finance says.

The programme offers individual rewards of up to ₹1 lakh, with the total annual payout potentially exceeding ₹5 crore.

Transporters warn that deliveries across Delhi-NCR could face delays of two to three days as operators shift to compliant vehicles.