Ashok Leyland, MFCWL partners to enter used vehicle market

19 Apr 2022 CW Team

Ashok Leyland, an automotive industry company, announced that it partnered with Mahindra First Choice Wheels to enter the used commercial vehicle market.

The company has signed a memorandum of understanding (MoU) with Mahindra First Choice Wheels Ltd (MFCWL).

As part of the partnership, the phygital platform will allow the exchange, appropriate disposal, and purchase of obsolete commercial vehicles.

According to media sources, the commercial vehicle manufacturer's entry into this segment aims to streamline the used vehicle market by leveraging its digital ecosystem, existing and potential channel partners for physical interactions in more than 700 parking yards across India, and additional advanced technologies.

The company would bring greater transparency into this market via effective and efficient processes, expanding alternatives to minimise the number of outdated cars travelling India's highways, Ashok Leyland told the media.

Sanjeev Kumar, Head MHCV at Ashok Leyland, told the media that the pre-owned or re-purposed vehicles industry saw an exponential and constant growth since the start of the epidemic due to the rise in the waiting period for automobiles and financial constraints.

According to the company, the platform aims to become the first choice among clients considering a vehicle exchange by providing services such as exchange, disposal, hybrid, and special vehicle inspection.

The company said that it would also allow them to reach out to as many fleets and single vehicle owners as possible across India.

Image Source

Also read: Ashok Leyland to install new manufacturing plant to roll out EVs

Equipment

13 May 2026

Ammann India Inaugurates Centralised Air Compressor System

Ammann India has inaugurated a new centralised air compressor system at its Machine Division as part of its green energy conservation and sustainable manufacturing initiatives.The newly installed system is designed to improve operational efficiency while optimising energy consumption, supporting the company’s long-term sustainability and carbon reduction goals. The upgrade is expected to deliver energy savings, reduce CO2 emissions, improve power efficiency and enhance production reliability.The system includes efficient air distribution, air drying and optimised load management to support r..

Blue Dart posts revenue growth in FY26 on e-commerce and B2B demand

Blue Dart Express Limited, South Asia’s express air and integrated transportation and distribution company, has reported year-on-year growth in revenue for the financial year ended March 31, 2026, driven by strong momentum in e-commerce shipments and B2B surface express solutions.Announcing its financial results after the Board Meeting held in Mumbai, the company said revenue from operations rose to Rs 6,141 crore in FY2025–26, compared to Rs 5,720 crore in FY2024–25. Profit after tax for the year stood at Rs 240 crore.For the quarter ended March 31, 2026, Blue Dart reported revenue from..

Terex launches TRAC vibration analysis system

Terex®, a global provider of specialised equipment solutions, has launched TRAC, a new vibration analysis system designed to deliver deeper insight into the performance, condition and long-term structural integrity of screening equipment.Announced in Hosur on May 11, 2026, the TRAC system is now available across screening equipment offered under Terex Materials Processing (MP) brands, including Powerscreen®, Finlay®, EvoQuip®, MDS®, Terex® Washing Systems, Terex® MPS (Cedarapids®, Simplicity®), MAGNA™ and Terex® Ecotec.Developed specifically for vibratory screening equipment by Ter..