Poonawalla Fincorp Launches Commercial Vehicle Financing Division

18 Mar 2025 CW Team

Poonawalla Fincorp (PFL), a non-banking finance company backed by the Cyrus Poonawalla Group, has introduced its Commercial Vehicle (CV) Secured Loan Business. This new financial offering provides funding for small, light, intermediate, and heavy commercial vehicles from all leading manufacturers, including both new and used vehicle purchases.

Initially, the company will operate in 68 locations across 12 states, with plans to expand to 400 locations across 20 states using a hub-and-spoke model. The loans will be accessible through multiple channels, including direct-to-customer services, dealers, and partners.

To enhance efficiency, PFL has implemented a technology-driven solution that minimizes documentation requirements and accelerates loan processing times. The system integrates with technology partners to establish robust assessment frameworks, ensuring verification through credible sources.

The company is strategically targeting India's expanding logistics and transportation sectors, focusing on tier 2 and tier 3 markets. A significant portion of the CV loan portfolio is expected to come from the used commercial vehicle segment.

As of December 31, 2024, Poonawalla Fincorp reported an Assets Under Management (AUM) of Rs 309.84 billion. The company has a workforce of approximately 2,560 employees, operating across 18 states and two Union Territories.

News source: The Hindu Businessline

Infrastructure Urban

12 May 2026

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..

ADIO partners Motherson to set up large automotive components hub in KEZAD

The Abu Dhabi Investment Office (ADIO) has announced its support for Samvardhana Motherson International Limited’s (Motherson) new manufacturing hub in Abu Dhabi, marking a major step in strengthening the emirate’s position as a global centre for advanced manufacturing and automotive supply chains.ADIO said the partnership aligns with its strategy to accelerate high-value industrial investments and build resilient supply chains across priority sectors, further reinforcing Abu Dhabi’s competitiveness as a regional and global manufacturing and export hub.Under the partnership, a large-scal..