Truck & Bus News: Industry Updates

Million Belrise Industries has acquired Hyva India's Tipper Body Business for approximately $5.65 million, gaining three manufacturing plants in Pune, Jamshedpur and Bangalore. The deal expands Belrise's reach to India's top five commercial vehicle OEMs, while Hyva retains its Tipping Kits and Hydraulic Systems business separately.

Tata Motors led the pack again in July, but Ashok Leyland's 30% jump and a broad-based rise across LCVs and trucks point to an industry that's genuinely picking up pace, not just one company running hot.

The Patna facility can scrap up to 15,000 vehicles annually, strengthening Tata’s vehicle scrapping network across India. With 12 locations now operational, the company is expanding organized, responsible vehicle recycling and making scrappage services more accessible to commercial and passenger vehicle owners.

Toyota has launched the all-new Hilux pickup in India, bringing an updated design, improved features, strong performance, and enhanced capability for customers seeking a premium lifestyle pickup truck.

Michelin has started manufacturing Primacy 5 passenger car tyres in India at its Chennai plant, strengthening local production and expanding its premium tyre portfolio.

Omega Seiki Mobility raised ₹50 crore to expand EV manufacturing, strengthen R&D and enhance its dealer network ahead of a potential IPO.

Tata Motors sold 39,641 commercial vehicles in July 2026, recording 37% YoY growth as domestic sales, exports, HCV trucks, SCV pickups and passenger carrier demand strengthened.

Existing shareholders Greaves Cotton and Abdul Latif Jameel Green Mobility fully subscribed the ₹530 crore issue, which will fund battery tech, powertrains and Greaves' electric 3-wheeler expansion.

Hyderabad-based Keto Motors has entered India's commercial electric bus market with the Urbanova KE9, a 9-metre battery-electric bus built for urban and institutional transport.