Tuesday, March 31, 2026

Rising fuel costs put brakes on CV financing momentum

Rising fuel costs due to the Iran war are pressuring bank loans for commercial vehicles in India. Fleet operators face higher expenses, leading them to delay new purchases. This slowdown affects credit demand for commercial vehicles. Small operators are particularly vulnerable, risking increased loan defaults.

from Auto-Industry-Economic Times https://ift.tt/6EQD5iP

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Mercedes plans bigger India play with greater localisation of parts

Mercedes-Benz plans to increase its local manufacturing efforts while expanding its supplier base in India. The luxury carmaker expects to a...