Commercial Vehicle
6 recent notes from companies in this sector. 4 companies tracked.
Tata Motors targets 40% market share, teens EBITDA margin by FY28
At its first investor day post-demerger, the CV pure-play laid out a five-year roadmap including 7-9% FCF margin and 30-35% ROCE after IVECO, with digital business housed under new AIEQ Mobility entity.
Tata Motors bags 3,400+ eCV orders, but impact is modest
The orders cover e-commerce, logistics, and passenger transport, but no monetary value was disclosed. For a company with over ₹4 lakh crore revenue, this is routine.
Gurunanak Agriculture targets 500 harvester sales a year by FY29
The nano-cap plans a 25x jump from ~20 units in FY26, aiming to undercut Chinese imports with lightweight harvesters priced Rs 22-25 lakh.
SML Mahindra CEO steps down mid-integration, with no permanent successor named.
Dr. Venkataraman Srinivas will leave the top post on June 30, 2026, to take another role within the Mahindra Group. The board has named an interim but provided no timeline for a permanent hire.
Olectra files its FY26 call transcript. It adds nothing new.
A routine filing of the June 1 earnings call transcript. The numbers and commentary were already public.
India Ratings upgrades Olectra Greentech to IND A
A one-notch upgrade for the electric bus maker follows strong 9MFY26 margins and a substantial order book.