Latest news with #LCV
New York Times
a day ago
- Politics
- New York Times
Environmental Leader Laments Loss of Bipartisanship on Climate Issues
When Gene Karpinski took over as the president of the League of Conservation Voters nearly two decades ago, 20 percent of the candidates the environmental lobbying and political powerhouse endorsed for federal office were Republicans. Last year, none were. After almost 50 years as a top progressive advocate in Washington, Mr. Karpinski, 73, retired in the spring from his position leading the L.C.V., which is known for its voting scorecard that rates lawmakers on environmental policy. It was also once known for its record of bipartisanship in backing both Republicans and Democrats for office, a relative rarity for Washington interest groups. But the polarization of Washington and the growing divide between the parties on climate issues has made bipartisanship much more difficult to embrace. President Joseph R. Biden Jr.'s climate law was enacted three years ago over the uniform opposition of Republicans, who repealed large swaths of it in the recent domestic policy legislation President Trump signed into law. In a recent interview, Mr. Karpinski, a well-known figure on Capitol Hill who started in Washington in 1977 as one of Ralph Nader's 'raiders' and headed the Public Interest Research Group for 21 years, reflected on the shifting politics of environmental policy. This interview has been lightly edited and condensed for clarity. What do you see as your biggest achievement at the L.C.V.? Want all of The Times? Subscribe.
Time of India
25-07-2025
- Automotive
- Time of India
Indian automobile industry may grow by 6-7% in FY26 amid damp consumer demand: Report
The Indian automobile sector is expected to grow by 6-7 per cent in the fiscal year (FY26) amid damp consumer demand across most vehicle categories, according to a report by Motilal Oswal. As per the report, volumes in the two-wheeler category fell the highest compared to passenger vehicles (PV) and commercial vehicles (CVs) in the first quarter of FY26 (Q1FY26). The two-wheeler segment remained under pressure due to muted demand. In the April-June quarter of FY26, motorcycle sales fell by 9 per cent year-on-year, ICE scooter sales declined 5 per cent year-on-year, and moped volumes also slid by 11 per cent year-on-year. By contrast, the PV category posted a 1.4 per cent decline in volumes, with the small car segment being impacted significantly due to the volumes of key models such as Maruti Alto, Spresso, and Celerio witnessing sharp year-on-year declines in Q1FY26. The commercial vehicle (CV) segment, meanwhile, saw a marginal decline in volumes. While MHCV goods registered a 4.5 per cent dip, LCV goods fell by 0.5 per cent. However, bus sales remained a bright spot, with MHCV buses growing 7.6 per cent and LCV buses up 8.8 per cent. In terms of OEMs' performance, Tata Motors underperformed across all four CV sub-segments, while VE Commercial Vehicles (VECV) managed to outperform in most, according to Motilal Oswal. 'Our focus would be to deliver industry-beating growth (in FY26) because one, this year is possibly the strongest product cycle for us, and the freshest portfolio. We have a low base for FY25. On the SUV side also, we will be coming with a multipowertrain on Harrier and Safari, including the petrol version,' said Shailesh Chandra, MD, Tata Motors & Tata Passenger Electric Mobility, earlier at the Q4FY25 post-earnings conference call in May. Chandra had said that there would be re-varianting and repositioning of certain products in the portfolio. 'We have the full year for Nexon CNG and also, we will launch Sierra. So, even SUVs are going to be strong…it's going to be a very strong year for us,' he said. The top Tata Motors executive had said that the company will strengthen its value proposition of its existing EV products, in terms of value-price equation. 'It's going to be a strong year for us on the EV side also,' Chandra said. Its homegrown rival, Mahindra & Mahindra, too, is confident of growth this year. Nalinikant Gollagunta, CEO (automotive division) at Mahindra & Mahindra, said the company remains confident of mid-to-high teens growth in the SUV segment, along with strong double-digit export growth. He also reaffirmed guidance for high single-digit growth in LCVs for the full fiscal, according to a report by news agency ANI . The brokerage said that the industry may remain in a cautious phase in the near term, with a rebound largely dependent on rural demand recovery, fuel price stability, and broader economic conditions.
Entrepreneur
07-07-2025
- Automotive
- Entrepreneur
Commercial Vehicle Sales Volume to See Moderate Growth in FY26: CareEdge Ratings
The report said that it expects the Light Commercial Vehicle (LCV) segment to grow by 2-4 per cent in FY26, while the Medium and Heavy Commercial Vehicle (MHCV) segment is projected to grow by 4-6 per cent during the same period. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. After two consecutive years of subdued growth, Commercial Vehicle (CV) wholesale volumes are expected to recover by around 2-5 per cent in FY26, according to CareEdge Ratings. The report said that it expects the Light Commercial Vehicle (LCV) segment to grow by 2-4 per cent in FY26, while the Medium and Heavy Commercial Vehicle (MHCV) segment is projected to grow by 4-6 per cent during the same period. Arti Roy, Associate Director, CareEdge Ratings, said, "The commercial vehicle (CV) industry is expected to experience moderate growth, with overall sales volume likely to improve by around 2-5 per cent y-o-y in FY26. The recovery will be driven by increased infrastructure activity, improved rural sentiment on the back of normal monsoon forecast, more attractive vehicle financing due to recent interest rate cuts, and ongoing fleet replacement—particularly in the bus segment—spurred by ageing vehicles, road tax concessions available for new vehicles under the scrappage policy for older vehicles and the transition to electric vehicles (EVs)." CareEdge Ratings also noted that muted growth in FY25 was largely attributed to a slowdown in demand across both the Medium and Heavy Commercial Vehicle (MHCV) and Light Commercial Vehicle (LCV) segments, wherein MHCV volumes saw a modest increase of 1.2 per cent. In comparison, LCV volumes declined by 0.3 per cent. MHCV volumes had witnessed subdued growth in FY25 due to lower government spending on infrastructure, given the general elections last year and an extended monsoon delaying/disrupting construction work. The LCV segment was also impacted by increased competition from the electric cargo three-wheeler segment and a cautious financing sentiment among small fleet operators. Hardik Shah, Director, CareEdge Ratings, said that the Indian CV industry had witnessed its highest sales volume in FY19, and after being adversely impacted by the Covid-19 pandemic, the industry appeared to be on track to surpass the all-time high on the back of significant growth in sales volumes in FY22 and FY23. "However, it experienced a cyclical decline in FY24 and a largely flat volume in FY25 due to a multitude of factors, including higher channel inventory, a slowdown in infrastructure projects amid the general elections, the impact of the transition to BS-VI norms, rising vehicle costs, and high interest rates. Looking ahead, the sales volume is expected to grow marginally in FY26 with many of the issues behind us," said Shah. The report also noted that in FY25, the Indian commercial vehicle (CV) industry faced a challenging environment marked by election-related disruptions, a slowdown in infrastructure spending, and elevated interest rates. Within the MHCV segment, buses (which constitute ~20 per cent of the total MHCV) exhibited a strong growth trajectory, registering a 21.6 per cent increase in FY25, driven by rising demand for public transport, government fleet replacement initiatives, and the ongoing transition to electric buses. In contrast, MHCV trucks (which constitute ~80 per cent of MHCV) recorded a decline of 2.7 per cent, primarily due to subdued freight activity, delayed infrastructure projects during the election period, and high interest rates. After experiencing marginal volume degrowth of 1 per cent and 3 per cent in FY24 and FY25, the MHCV truck segment is expected to recover in FY26. This rebound will be supported by increased infrastructure activity in the country, the replacement of aged vehicles, and cumulative repo rate cuts of 100 bps in CY25 until June 2025, which is likely to boost vehicle financing. Additionally, rising volumes in the bus segment, driven by ongoing fleet replacement spurred by ageing vehicles, will further contribute to overall growth in MHCV sales. As a result of recovery in the trucks segment and continued growth in the bus segment, the MHCV segment is estimated to grow by 4-6 per cent during FY26.
Yahoo
01-07-2025
- Automotive
- Yahoo
Enterprise Mobility and G3 Vehicle Auctions sign remarketing agreement
UK-based remarketing and vehicle disposal company G3 Vehicle Auctions has entered into a remarketing agreement with Enterprise Mobility. The collaboration will see G3 Vehicle Auctions manage the remarketing of Enterprise Mobility's light commercial vehicles (LCVs) through both physical and online sale events at all G3 remarketing centres. Starting this month, Enterprise Mobility's LCVs will be featured in G3's auction lanes, beginning with a launch sale at G3 Castleford on 2 July, followed by a launch at G3 Bedford on 11 July. G3 will offer a 'phygital' LCV sale solution, combining auctioneer-led events with online bidding via the G3 website and the G3 Buyer App. The launch sale at G3 Castleford will feature over 50 Enterprise LCVs in a catalogue of more than 150 LCVs. G3's flagship £12m remarketing centre near Leeds can remarket up to 50,000 vehicles annually, with Enterprise Mobility being the latest brand to join their roster. Following the acquisition of Cazoo Wholesale, G3 Bedford was unveiled in June 2024 as a 14-acre auction facility in the South Midlands. G3 will provide free online fees for all bids made through the new G3 Buyer App during these launch events. The app, available on the Apple App Store and Google Play, is designed to facilitate tracking and bidding with alerts for upcoming lots. Other LCV vendors joining Enterprise Mobility at the launch events include Dawson Group, AVIS, LKQ (Euro-Car Parts), TCH Leasing, Alliance Automotive Group, United Rental, and Europcar. G3 Vehicle Auctions hosts up to eight sale events weekly, featuring various vehicles from vendors such as Motability, Liquid Fleet, Leasys, and TCH Leasing, alongside dealerships and finance houses. G3 Vehicle Auctions sales director Sam Tomlinson said: 'We are delighted to announce that the agreement with Enterprise Mobility will see G3 offer vehicles for the UK's largest rental company in our lanes. 'We have seen strong conversion rates for our LCV sales in the first half of 2025, which is driven by our dedicated LCV buyer services and auctioneer teams to establish G3 in the LCV niche. With the addition of Enterprise to our established sale events alongside the free online fees using the G3 App, we are looking forward to a busy July at G3.' "Enterprise Mobility and G3 Vehicle Auctions sign remarketing agreement " was originally created and published by Motor Finance Online, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
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Business Standard
01-07-2025
- Automotive
- Business Standard
SML Isuzu shares vroom 8% after company releases June sales numbers
SML Isuzu shares jumped 7.7 per cent in trade on Tuesday, logging an intraday high at ₹2,277.5 per share on BSE. At 12:36 PM, SML Isuzu share price was trading 6.68 per cent higher at ₹2,255 per share on the BSE. In comparison, the BSE Sensex was up 0.12 per cent at 83,710.23. The company's market capitalisation stood at ₹3,263.36 crore. Its 52-week high was at ₹2,300 per share and 52-week low was at ₹1,030.9 per share. In one year, SML Isuzu shares have lost 3 per cent as compared to Sensex's rise of 5 per cent. SML Isuzu June auto sales numbers In June 2025, the company sold a total of 1,871 units which pushed the sales up by 6.3 per cent year-on-year (Y-o-Y) from 1,760 units in June 2024. The company sold 1,391 passenger vehicles in June 2025 as compared to 1,421 units a year ago. Additionally, it sold 480 units of cargo vehicles in June this year as against 339 units a year ago. In a period from April to June 2025, the company sold a total of 4,926 units including 3,644 units of passenger vehicles and 1,282 units of cargo vehicles. A year ago, the company, in the corresponding period, had sold a total of 4,379 units. Track Stock Market LIVE Updates About SML Isuzu SML Isuzu was incorporated in July 1983 as Swaraj Vehicles to manufacture Light Commercial Vehicles (LCV) in the state of Punjab. It was the result of the Government of India's initiatives for installing the LCV unit in order to save the fuel consumption in the economy. Punjab State Industrial Development Corporation (PSIDC) obtained the letter of intent in 1981 and subsequently transferred the same in favour of the Company in 1983. The project, in its concept, aims at breaking new ground not only in terms of product and production technology, but also in building a new culture and value system in the organisation, which enables it to move forward with confidence into the era of competitive markets. This guiding philosophy is dictating every facet of project implementation both in physical facilities and the human side.
