Latest news with #TRATONGROUP
Yahoo
09-07-2025
- Automotive
- Yahoo
TRATON GROUP Reports Unit Sales Slightly Above Prior-year Level With 80,000 Vehicles in the Second Quarter of 2025
MUNICH - July 9, 2025 (NEWMEDIAWIRE) - In an uncertain market environment, the TRATON GROUP reported unit sales that were slightly above the prior-year level in the second quarter of 2025. Based on preliminary figures, a total of 80,000 vehicles were sold in the second quarter of 2025, compared to 79,000 vehicles in the prior-year quarter. In the first half of 2025, unit sales came to 153,100, representing a 4% decrease. Unit sales of the TRATON GROUP: Q2 2025 Q2 2024 Delta H1 2025 H1 2024 Delta TRATON GROUP 80,000 79,000 1% 153,100 160,100 -4% of which all-electric vehicles 630 290 117% 1,250 610 107% - Scania Vehicles & Services 24,600 25,800 -5% 46,800 52,300 -10% of which all-electric vehicles 120 60 89% 220 110 103% - MAN Truck & Bus 26,400 25,300 4% 47,000 49,400 -5% of which all-electric vehicles 430 100 318% 800 240 238% - International Motors 17,600 16,000 10% 34,500 35,300 -2% of which all-electric vehicles 90 120 -21% 180 170 3% - Volkswagen Truck & Bus 11,400 11,900 -4% 24,800 23,400 6% of which all-electric vehicles 0 10 -88% 50 90 -42% Percentage changes are based on unrounded figures Scania Vehicles & Services sold 5% fewer vehicles in the second quarter of 2025 than in the prior-year quarter. In Brazil, elevated dealer stocks, rising interest rates, and high inflation are creating challenging market conditions. This is particularly affecting Scania due to the focus on heavy duty trucks. Unit sales declined by 10% in the first half of the year. MAN Truck & Bus increased unit sales by 4% in the second quarter of 2025, reflecting the good order momentum of the last two quarters in Europe, especially in Germany. In the first half of 2025, MAN's unit sales were 5% lower year-on-year. International Motors saw an increase in unit sales of 10% in the second quarter of 2025 compared to the prior-year quarter, which had been affected by a fire at a supplier's plant. However, the US market faces ongoing uncertainty regarding the impact of import tariffs and the economic outlook. Unit sales fell by 2% at International in the first half of 2025. Volkswagen Truck & Bus (VWTB) posted a 4% decline in unit sales in the second quarter of 2025. VWTB was also affected by the weakening momentum in the Brazilian market. Nonetheless, VWTB grew unit sales by 6% in the first half of the year due to the strong opening quarter. The TRATON GROUP will publish its 2025 Half-Year Financial Report, which also includes more detailed information on unit sales, on July 25, 2025. It will be available here: Contact Ursula QueretteHead of Investor RelationsM +49 152 Thomas PaschenInvestor RelationsM +49 170 TRATON SE Hanauer StraBe 26 / 80992 Munich / With its brands Scania, MAN, International, and Volkswagen Truck & Bus, TRATON SE is the parent and holding company of the TRATON GROUP and one of the world's leading commercial vehicle manufacturers. The Group's product portfolio comprises trucks, buses, and light-duty commercial vehicles. "Transforming Transportation Together. For a sustainable world.": this intention underlines the Company's ambition to have a lasting and sustainable impact on the commercial vehicle business and on the Group's commercial growth. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Associated Press
02-07-2025
- Automotive
- Associated Press
L&T Technology Services Chosen by TRATON GROUP as Strategic Engineering Partner in Global R&D Transformation
SÖDERTÄLJE, Sweden & BANGALORE, India--(BUSINESS WIRE)--Jul 2, 2025-- L&T Technology Services (BSE: 540115, NSE: LTTS), today announced that it has been chosen by the TRATON GROUP, one of the world's leading manufacturers of commercial vehicles, as a strategic engineering partner. This collaboration in LTTS' Mobility segment will support TRATON's roadmap to build a unified, future-ready product-development platform that delivers scale, speed, and sustainable mobility solutions worldwide. TRATON is reshaping its global R&D ecosystem to unlock cross-brand synergies while expanding the share of battery-electric vehicles in line with its 2029 profitability and sustainability targets. LTTS' selection will see the company provide engineering support, from mechanical and software engineering to digital systems integration - across key development hubs in Sweden, Germany, the United States, Poland, and India. The collaboration positions LTTS to deepen existing workstreams and pursue new programs across TRATON's brands, spanning software-defined vehicle architectures, electrified powertrains, autonomous & ADAS feature development, and advanced digital engineering toolchains. These capabilities align with LTTS' Mobility charter, leveraging its expertise in engineering intelligent and sustainable solutions to create safer, smarter, and more personalized mobility experiences for a global clientele. Alind Saxena, Executive Director & President - Mobility & Tech at L&T Technology Services, said,'Being selected by TRATON GROUP is a testament to LTTS' leadership in next-generation Mobility engineering. This collaboration underscores our commitment to delivering cutting-edge solutions that align with TRATON's vision of sustainable and intelligent transportation. With our proven track record in engineering transformation, we are excited to help TRATON achieve its ambitious goals of electrification, autonomy, and digital innovation while redefining the future of commercial mobility.' About TRATON GROUP With its four brands Scania, MAN, International, and Volkswagen Truck & Bus, the TRATON GROUP is one of the world's leading manufacturers of commercial vehicles. The portfolio consists of trucks, buses, and light-duty commercial vehicles, as well as the sale of spare parts and customer services. In addition, the TRATON GROUP offers a broad range of financial services to its customers. 'Transforming Transportation Together. For a sustainable world.': this intention underlines the Company's ambition to have a lasting and sustainable impact on the commercial vehicle business and on the Group's commercial growth. About L&T Technology Services Ltd L&T Technology Services (LTTS) is a global leader in engineering and technology services. A listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and sustenance services across products and processes. Purposeful. Agile. Innovation. is how we drive growth across the Mobility, Sustainability and Tech segments. Our customer base includes 69 Fortune 500 companies and 57 top ER&D companies across industrial products, medical devices, transportation, telecom & hi-tech, and process industries. Headquartered in India, we have over 24,250 employees across 23 global design centers, 30 global sales offices, and 108 innovation labs, as of March 31, 2025. For more information, please visit View source version on CONTACT: Media Contact: Aniruddha Basu L&T Technology Services Limited E:[email protected] KEYWORD: EUROPE SWEDEN INDIA ASIA PACIFIC INDUSTRY KEYWORD: SOFTWARE EV/ELECTRIC VEHICLES AUTOMOTIVE ENGINEERING OTHER AUTOMOTIVE TECHNOLOGY VEHICLE TECHNOLOGY MANUFACTURING SOURCE: L&T Technology Services Ltd Copyright Business Wire 2025. PUB: 07/02/2025 04:59 AM/DISC: 07/02/2025 04:59 AM
Business Wire
02-07-2025
- Automotive
- Business Wire
L&T Technology Services Chosen by TRATON GROUP as Strategic Engineering Partner in Global R&D Transformation
SÖDERTÄLJE, Sweden & BANGALORE, India--(BUSINESS WIRE)-- L&T Technology Services (BSE: 540115, NSE: LTTS), today announced that it has been chosen by the TRATON GROUP, one of the world's leading manufacturers of commercial vehicles, as a strategic engineering partner. This collaboration in LTTS' Mobility segment will support TRATON's roadmap to build a unified, future-ready product-development platform that delivers scale, speed, and sustainable mobility solutions worldwide. TRATON is reshaping its global R&D ecosystem to unlock cross-brand synergies while expanding the share of battery-electric vehicles in line with its 2029 profitability and sustainability targets. LTTS' selection will see the company provide engineering support, from mechanical and software engineering to digital systems integration - across key development hubs in Sweden, Germany, the United States, Poland, and India. The collaboration positions LTTS to deepen existing workstreams and pursue new programs across TRATON's brands, spanning software-defined vehicle architectures, electrified powertrains, autonomous & ADAS feature development, and advanced digital engineering toolchains. These capabilities align with LTTS' Mobility charter, leveraging its expertise in engineering intelligent and sustainable solutions to create safer, smarter, and more personalized mobility experiences for a global clientele. Alind Saxena, Executive Director & President - Mobility & Tech at L&T Technology Services, said, 'Being selected by TRATON GROUP is a testament to LTTS' leadership in next-generation Mobility engineering. This collaboration underscores our commitment to delivering cutting-edge solutions that align with TRATON's vision of sustainable and intelligent transportation. With our proven track record in engineering transformation, we are excited to help TRATON achieve its ambitious goals of electrification, autonomy, and digital innovation while redefining the future of commercial mobility.' About TRATON GROUP With its four brands Scania, MAN, International, and Volkswagen Truck & Bus, the TRATON GROUP is one of the world's leading manufacturers of commercial vehicles. The portfolio consists of trucks, buses, and light-duty commercial vehicles, as well as the sale of spare parts and customer services. In addition, the TRATON GROUP offers a broad range of financial services to its customers. 'Transforming Transportation Together. For a sustainable world.': this intention underlines the Company's ambition to have a lasting and sustainable impact on the commercial vehicle business and on the Group's commercial growth. About L&T Technology Services Ltd L&T Technology Services (LTTS) is a global leader in engineering and technology services. A listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and sustenance services across products and processes. Purposeful. Agile. Innovation. is how we drive growth across the Mobility, Sustainability and Tech segments. Our customer base includes 69 Fortune 500 companies and 57 top ER&D companies across industrial products, medical devices, transportation, telecom & hi-tech, and process industries. Headquartered in India, we have over 24,250 employees across 23 global design centers, 30 global sales offices, and 108 innovation labs, as of March 31, 2025. For more information, please visit
Business Standard
02-07-2025
- Automotive
- Business Standard
LTTS inks multi-year collaboration pact with Sweden-based TRATON GROUP
L&T Technology Services said that it has been chosen by the TRATON GROUP as a 'strategic engineering partner' for transforming its global R&D ecosystem. This collaboration in LTTS Mobility segment will support TRATONs roadmap to build a unified, future-ready product development platform that delivers scale, speed, and sustainable mobility solutions worldwide. With its four brands Scania, MAN, International, and Volkswagen Truck & Bus, the TRATON GROUP is one of the worlds leading manufacturers of commercial vehicles. The portfolio consists of trucks, buses, and light-duty commercial vehicles, as well as the sale of spare parts and customer services. The group is reshaping its global R&D ecosystem to unlock cross-brand synergies while expanding the share of battery-electric vehicles in line with its 2029 profitability and sustainability targets. LTTS selection will see the company provide engineering support, from mechanical and software engineering to digital systems integration - across key development hubs in Sweden, Germany, the United States, Poland, and India. The collaboration positions LTTS to deepen existing workstreams and pursue new programs across TRATONs brands, spanning software-defined vehicle architectures, electrified powertrains, autonomous & ADAS feature development, and advanced digital engineering toolchains. These capabilities align with LTTS Mobility charter, leveraging its expertise in engineering intelligent and sustainable solutions to create safer, smarter, and more personalized mobility experiences for a global clientele. Alind Saxena, executive director & president - Mobility & Tech at L&T Technology Services, said: Being selected by TRATON GROUP is a testament to LTTS leadership in next-generation Mobility engineering. This collaboration underscores our commitment to delivering cutting-edge solutions that align with TRATONs vision of sustainable and intelligent transportation. With our proven track record in engineering transformation, we are excited to help TRATON achieve its ambitious goals of electrification, autonomy, and digital innovation while redefining the future of commercial mobility." L&T Technology Services (LTTS) is a global leader in engineering and technology services. A listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and maintenance services across products and processes. The company's consolidated net profit declined 3.5% to Rs 311.1 crore in Q4 FY25, compared to Rs 322.4 crore in Q3 FY25. Revenue from operations stood at Rs 2,982.4 crore in the March 2025 quarter, marking a 12.42% increase from Rs 2,653.0 crore reported in the previous quarter. The scrip rose 0.12% to currently trade at Rs 4358.85 on the BSE.
Forbes
28-04-2025
- Automotive
- Forbes
Plus Autonomous Truck Aces Driverless Safety Maneuver Testing
At a highway test track, Plus autonomy handled challenging scenarios in preparation for on-road ... More operations later this year. Plus, an autonomous trucking AI software company, announced today the latest milestone in its commercialization plan. The company's virtual driver, SuperDriveTM, recently completed validation tests of fully autonomous operations and handling of advanced safety maneuvers with no person in the truck. The testing occurred on a closed test track. Plus sees this as a continuation of enhancing the safety, reliability and maturity of its AI-based self-driving software as it prepares for the commercial launch of factory-built driverless trucks integrated with SuperDrive. The validation of a SuperDrive truck with fully redundant sensors and computers is a major milestone on the roadmap to start factory production of driverless trucks. SuperDrive operated the truck without a human driver in the cabin or remote intervention. The driverless truck relied entirely on Plus's self-driving technology to make complex real-time driving decisions. Plus has partnered with significant truck makers including TRATON GROUP's Scania, MAN, and International brands, Hyundai, and Iveco to bring factory-built driverless trucks to Europe and the U.S. In Janap, Plus is also partnering with TIER IV to launch driverless trucks to address the country's critical driver shortage. These OEM tie-ups are key to scalable deployment, reaching freight companies around the world. For over-the-road trucking, the OEM-partnership club also includes Aurora, Gatik, Torc, and possibly Waabi. SuperDrive is also trained using end-to-end AI models to dynamically handle unexpected situations where it is no longer safe for the truck to continue on the road. SuperDrive's Autonomous Fallback System (AFS) is designed to ensure that the hardware and software in the self-driving system are resilient and capable at all times. Repeated driverless tests validated that once the AFS identified and confirmed an issue, such as a sensor failure, software module fault, or road closure, it reliably directed SuperDrive to the safest path, whether that was to come to a slow stop in its lane or to pull over to the side and stop the vehicle. The testing occurred at the Transportation Research Center's 7.5 mile track in Ohio. SuperDrive was integrated into an International Truck. A video summary of the testing can be viewed here. These stringent tests, a culmination of years of safety validation and rigorous testing using simulations, closed courses, and public roads, are a strong indication to the system's performance and the effectiveness of the AFS. This type of testing increases the confidence of OEM partners as well as the end-user trucking fleets. 'Autonomous trucks are among the most transformational applications of Physical AI. When it comes to launching driverless trucks commercially, it is critical for our self-driving software to be able to handle the expected and unexpected complexities of driving and interacting with the physical world. Safety is and always will be a priority at all times,' said David Liu, CEO and Co-founder at Plus. 'We are taking deliberate steps to test, validate and deliver safe and scalable factory-built autonomous trucks with SuperDrive that meet the rigorous demands of the freight industry.' Plus has accumulated more than 5 million miles of real-world driving using its autonomous driving system. Public road testing is underway in Texas and Sweden as part of its development and preparation for the commercial launch of SuperDrive. Plus's Safety Case Framework is available on their website. Plus has previously said that commercial production of their driverless trucks will occur in 2027 on the International platform. As David Liu said in a recent Plus press briefing, '2025 is about validation. 2026 is getting to commercial readiness, i.e. driver-out on-road pilots, with commercial launch in 2027.' Torc Robotics announced a similar closed-course milestone in 2024. Closed-course validation will be essential for progressing to on-road deployments which Bot Auto and Waabi have said will occur later this year. Aurora is planning to announce inaugural commercial driverless on-road operations imminently. Disclosure: Richard Bishop is an Advisor to and/or an equity holder in the following companies mentioned in this article: Aurora, Gatik, Plus.
