Ashok Leyland aims 40% ICV sales from CNG variant

15 Feb 2022 CW Team

Ashok Leyland Limited has planned to expand its compressed natural gas (CNG) range to make about 40% sales in the intermediate commercial vehicle (ICV) segment from this fuel variant.

The initiative follows the truck maker losing market share in the ICV segment, which is the biggest volume generator in the commercial vehicles (CVs) after the delayed CNG launch.

The company continues to develop its electric vehicles (EVs) and E-Mobility-as-a-service (E-MaaS) portfolio under its electric mobility arm, Switch Mobility, aiming to raise $200-300 million in ongoing funding round.

Ashok Leyland announced the launch of 14 and 16 tonnes of CNG trucks and plans to expand its range to an 11 tonne truck in the next two months and multi-axle vehicles. This launch arises when the commercial vehicle market is seeing a rebound after a three-year slump.

In the ICV and light commercial vehicle segment, fleet operators favour CNG over diesel as fuel as it offers significantly low running costs. The increasing number of CNG fueling stations and a green tax on diesel CVs are also under adoption.

Currently, CNG accounts for 35-40% of the ICV segment and over 10% of the entire CV market. The recent shortage of trucks with fleet operators is spurring demand.

The company is also developing alternate fuel technologies like liquefied natural gas (LNG) as an alternative for diesel-run Medium and Heavy Commercial Vehicles (M&HCVs). It will be able to offer these technologies to the market when the ecosystem essential to their adoption matures.

Chief financial officer of Ashok Leyland, Gopal Mahadevan, said Switch Mobility plans to begin E-MaaS in India soon and it's in discussion with private equity investors to raise $200-300 million.

Image Source

Also read: Ashok Leyland to deliver 200 trucks to Bangladesh

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..