Global Commercial Vehicle Highlights 1st week of Aug.2025

Tata Motors is set to acquire Italian commercial vehicle giant Iveco's truck and bus operations for approximately €3.7-3.8 billion ($4.4-4.5 billion). The deal, expected to close in 2026, will strengthen Tata's technological capabilities and expand its presence in Europe, India, and the Americas, positioning the company as a major global contender.

Daimler Truck Cuts 2025 EBIT Forecast by Up to 23%

Daimler Truck has lowered its adjusted EBIT forecast for 2025 from €4.7 billion to €3.6-4.1 billion - a reduction of up to 23%- due to weaker order intake in the North American market. Ongoing market uncertainty and tariff pressures remain key headwinds

Volvo and Daimler Form Coretura JV for Vehicle Software Platform

Volvo Group and Daimler Truck have launched Coretura, a joint venture to develop a next-generation software-defined vehicle (SDV) manufacturing platform, targeting the 2030s. Headquartered in Gothenburg, Sweden, the platform will be available to both partners and third-party manufacturers, underscoring the deepening digital transformation in the CV sector

EU CV Registrations Drop Sharply in H1 2025

According to ACEA data, new commercial vehicle registrations in the EU saw a sharp decline in the first half of 2025: vans down 13.2%, trucks down 15.4%, and buses down 4.4%. Weak macroeconomic conditions have significantly dampened fleet investment appetite.

Medium & Heavy CV Production Expected to Fall 1.9%

Power SYS forecasts global medium- and heavy-duty commercial vehicle production to decline by 1.9% in2025 compared to 2024, reflecting the market's sensitivity to economic cycles and regulatory shifts.

Autonomous CV Market Valued at $10 B,CAGR ~19.6%

The autonomous commercial vehicle sector has reached a market value of approximately $10 billion, with a projected compound annual growth rate of around 19.6% in the coming years. This segment is becoming a key driver of innovation and business transformation in the industry.

Kia PV5 - Kia's electric PBV (Purpose-Built Vehicle) will debut in South Korea and Europe in 2025.offering multiple configurations for passenger, cargo, and accessible transport. BYD E-Vali -- BYD's large electric van for the EU market will begin deliveries in early 2025, tailored for last-mile logistics with various power and payload configurations.