VE Commercial Vehicles Registers 7.4% Sales Growth in July 2025
VE Commercial Vehicles (VECV), a joint venture between the Volvo Group and Eicher Motors, reported total sales of 7,115 units in July 2025, marking a 7.4 per cent increase compared to 6,622 units sold in July 2024. The growth was primarily driven by strong performance in the Eicher brand portfolio, alongside a robust increase in exports.Sales Performance Highlights – July 2025:Eicher Brand Sales: Eicher-branded trucks and buses recorded sales of 6,940 units in July 2025, up 7.7 per cent from 6,444 units in July 2024.Domestic Market: Domestic sales of Eicher-branded commercial vehicles reache..
Utkarsh Small Finance Bank Reports Q1 FY26 Results
Utkarsh Small Finance Bank has announced its financial results for the quarter ended June 30, 2025. Approved at the Board meeting held on August 2, 2025, the results reflect a strategic shift towards secured lending, deposit growth, and network expansion, even as the bank reported a net loss during the quarter due to a prudent approach in the unsecured lending segment.Operational and Financial Highlights (Q1 FY26):Loan Book Performance: Gross loan portfolio stood at Rs 192.24 billion, registering a 2.3 per cent year-on-year (YoY) growth. The share of secured loans rose to 45 per cent of the to..
We aim to award road contracts worth Rs 3 trillion
India is accelerating its highway development with a sharper focus on execution speed, private participation, and quality. Shri Ajay Tamta, Minister of State for Road Transport and Highways of India, in an exclusive interview with Pratap Padode, Editor-in-Chief, Construction World, shares the Ministry's priorities and reform strategies. Excerpts from the conversation:In recent years, MoRTH has missed its annual road construction targets. How does the Ministry plan to make up for the backlog in awarding contracts and project execution?In recent years, the Ministry of Road Transport and Highways..
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