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Q3 2026 PSR Truck Production Index Falls 8.4%
Chris Fisher The Power Systems Research Truck Production Index (PSR-TPI) decreased from 131 to 120, or 8.4%, for the three-month period ending Sept. 30, 2026, from Q2 2026. The year-over-year (Q3 2025 to Q3 2026) gain for the PSR-TPI was, 118 to 120, or 1.7%.
The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.
This data comes from OE Link™, the proprietary database maintained by Power Systems Research.
All Regions. MHCV demand will vary by region in 2026. North America and European have seen orders increase through much of the first half of the year and vehicle demand is expected to improve somewhat over last year, China is expected to see a single digit decline in production much of the decline comes on the heels of very high levels of production in 2025.
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Iveco Acquisition by Tata Motors Changes Europe Market
Emiliano Marzoli Iveco Group N.V. shareholders voted overwhelmingly Oct. 16, 2026, at an Extraordinary General Meeting in Amsterdam to approve all resolutions regarding the voluntary public tender offer by Tata Motors (through TML CV Holdings).
The board supported a revised offer of USD $16.14 (€14.40) per share, up from $15.81 (€14.10), backed by an USD $95.29 million (€85 million) credit facility with MUFG Bank. To ensure completion before the tender window closes on Oct. 26, 2026, shareholders reduced the mandatory acceptance threshold from 90% to 80% of common shares.
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Zhongtong Announces Ambitious Brazilian Expansion
Fabio Ferraresi Chinese bus manufacturer Zhongtong announced its entry into Brazil through TEVX, with plans to establish local electric bus production and eventually target around 15% of the Brazilian market. Despite the ambitious announcement, the operation will start on a relatively small scale: so far, only 10 complete monocoque buses have been confirmed for commercial operation in the first quarter of 2027.
The first vehicles will be fully imported from China. The next planned step is to import Zhongtong chassis for local body assembly, potentially using established Brazilian bodybuilders, before gradually moving toward local chassis production and assembly from 2028 onward. The company has indicated that approximately 900 units per year would be required to justify a fully established local manufacturing operation.
Source: AutoData / Technibus / TEVX
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Hybrid-Car Push: Strategic Response To EVs
Aditya Kondejkar Indian automakers are increasingly exploring hybrid powertrains as a way to balance fuel efficiency, affordability and the uncertainty surrounding the pace of full electrification. Unlike battery electric vehicles (BEVs), strong hybrids deliver electric-assisted driving without requiring external charging, making them relevant to consumers who prioritize fuel savings but lack reliable home charging or frequently undertake long-distance journeys.
For OEMs, hybrids also provide a means to leverage existing engine-manufacturing capabilities while gradually building expertise in batteries, electric motors and power electronics.
However, current sales indicate that hybridization remains a selective opportunity rather than a broad-based market shift. India recorded 57,885 strong-hybrid passenger-vehicle sales in H1 2026, virtually unchanged year-on-year, compared with 139,065 EVs, up 65%, and 596,236 CNG vehicles, up 40%.
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