TVSMOTOR

May 22 (Reuters) - TVS Motor Company Ltd TVSM.NS:

• TVS MOTOR - COMPLETES ACQUISITION, NOW HOLDS 4.90% STAKE IN JANA SMALL FINANCE BANK

Source text: ID:nBSE8g4W6B

Further company coverage: TVSM.NS

((reuters.briefs@thomsonreuters.com;))

Rewrites paragraph 1, adds stock closing level in the last bullet

May 18 (Reuters) - India's Jana Small Finance Bank JANA.NS said on Monday that industrialist Venu Srinivasan-led TVS Venu group will acquire a 9.9% stake in the lender through a mix of a primary issuance of equity warrants and a secondary share purchase.

• GWC Family Fund Investments, part of the TVS Venu group, will subscribe to warrants representing a 5.64% stake via a preferential issue priced at 464.82 rupees per warrant, amounting to 3.17 billion rupees ($32.90 million).

• The warrant issue is at a 5.3% discount to Jana's closing price on Friday.

• Separately, TVS Motor TVSM.NS will acquire a 4.9% stake in Jana from its promoters for 1.93 billion rupees.

• Together, these transactions will take TVS’s total holding to 9.9% on a fully diluted basis, Jana said.

• Jana has also approved additional warrant issuances to investors including Capri Global Ventures, Singularity Large Value Fund, and ICM Finance, taking the total issue size to 7.29 billion rupees for a 12.94% stake.

• Shares of Jana Small Finance Bank ended 5.9% lower, while TVS Motor declined 5.1%.

($1 = 96.3000 Indian rupees)

(Reporting by Kashish Tandon and Nishit Navin in Bengaluru; Editing by Eileen Soreng)

((Kashish.Tandon@thomsonreuters.com; 8800437922;))

May 15 (Reuters) - TVS Motor Company Ltd TVSM.NS:

• TVS MOTOR - UNIT ENTERS ASSET TRANSFER AGREEMENTS WITH CALLISTA ASSET MANAGEMENT 33 GMBH

• TVS MOTOR - CASH CONSIDERATION IS ESTIMATED TO BE CHF 16 MILLION

Source text: ID:nNSE6v7pmc

Further company coverage: TVSM.NS

((Reuters.Briefs@thomsonreuters.com;))

May 14 -

• INDIA'S APRIL TOTAL DOMESTIC PASSENGER VEHICLE SALES UP 25.4% Y/Y -INDUSTRY BODY

• INDIA'S APRIL TOTAL DOMESTIC PASSENGER VEHICLE SALES AT 437,312 UNITS - INDUSTRY BODY

• INDIA'S APRIL TOTAL TWO-WHEELER SALES UP 28.4% Y/Y AT 18,72,691 UNITS - INDUSTRY BODY

• INDIA AUTO INDUSTRY BODY SIAM SAYS THOUGH THERE ARE CONCERNS OF HIGH COMMODITY PRICES DISRUPTIONS IN WEST ASIA, INDUSTRY WITNESSING GOOD DEMAND

Source text: [ID:]

May 13 (Reuters) - TVS Motor Company Ltd TVSM.NS:

• TVS MOTOR Q4 PROFIT 9.98 BILLION RUPEES;

• TVS MOTOR Q4 REVENUE FROM OPERATIONS 128.08 BILLION RUPEES;

Further company coverage: TVSM.NS

((Reuters.Briefs@thomsonreuters.com;))

May 5 (Reuters) - India's retail car sales rose in April, an auto dealers' body said on Tuesday, although the Middle East crisis and its impact on fuel prices could hurt demand going into the summer months.

• Passenger vehicle sales rose 12.2% year-on-year to 407,355 units, a record for April, helped by a boost from last September's rate cuts, easier financing conditions and strong demand from smaller towns and rural areas, the Federation of Automobile Dealers Associations said

• Overall vehicle retail sales climbed 12.9% to 2.6 million units, also an all-time high for April, with five out of six segments posting record volumes

• Dealers warned that uncertainty stemming from the Middle East could weigh on sentiment if higher crude prices spill over into fuel costs, and also flagged risk from heatwaves and supply constraints

• Indian state fuel ​retailers have raised prices of liquefied petroleum gas for industrial customers and jet fuel sold to ​foreign carriers, but there ​has been no increase in retail prices ‌of ⁠gasoline, gasoil, LPG or jet fuel for Indian carriers

• For April, rural car sales jumped 20.4%, nearly three times faster than urban growth of 7.1%, supported by a revival in small cars

• Inventory levels edged up to around 28 to 30 days, within what the association considers a "healthy range", though dealers urged manufacturers to go slow on dispatches as demand typically softens in May and June

(Reporting by Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala)

((Kashish.Tandon@thomsonreuters.com; 8800437922;))

Adds details throughout

May 4 (Reuters) - India's Ather Energy ATHR.NS posted a significantly narrower quarterly loss on Monday, supported by strong demand for its e-scooters, particularly its best-selling "Rizta" model.

The Bengaluru-based EV maker reported a loss of 1 billion rupees ($10.54 million) for the quarter ended March 31, down from a loss of 2.34 billion rupees last year.

Here are a few key details:

• The company's sales momentum remained strong, with fourth-quarter volumes surging 76% to a record 83,418 units. This pushed revenue up 73.8% to 11.75 billion rupees.

• Ather has been expanding its presence in northern and central India, banking on the Rizta, a family-focused scooter, to capture a larger share of the market.

• Although an early entrant in India's electric two-wheeler market, launching its 450 series of scooters in 2018, Ather faced intense competition from larger rivals such as TVS Motor TVSM.NS and Bajaj Auto BAJA.NS, which benefit from stronger financial resources and wider distribution networks.

• The company also highlighted challenges, noting that the past fiscal year was affected by multiple supply chain crises. It also expects commodity prices to remain volatile and elevated in the near term due to ongoing geopolitical uncertainties.

• Hero MotoCorp HROM.NS, India's largest two-wheeler maker, continues to hold a 30.14% stake in Ather Energy.

($1 = 94.8737 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru; Editing by Sherry Jacob-Phillips)

((mridula.kumar@thomsonreuters.com))

April 20 (Reuters) - TVS Motor Company Ltd TVSM.NS:

• TVS MOTOR- TVS MOTOR COMPANY ACCELERATES AFRICA EXPANSION WITH MULTI-PRODUCT ENTRY INTO ZAMBIA

• TVS MOTOR - INTRODUCES LINEUP OF EIGHT PRODUCTS IN ZAMBIA

• TVS MOTOR - APPOINTS ZAMOTO MANUFACTURING LIMITED AS OFFICIAL DISTRIBUTOR IN ZAMBIA

Source text: ID:nnAZN4SRPHF

Further company coverage: TVSM.NS

((Reuters.Briefs@thomsonreuters.com;))

April 14 (Reuters) - India's auto industry body on Tuesday flagged concerns on the possible adverse impact of the Middle East war on automotive production, input and fuel prices, and freight rates.

Here are some key details:

• The West Asia conflict is expected to pose short-term challenges for the auto industry, Shailesh Chandra, president of Society of Indian Automobile Manufacturers (SIAM), said.

• Uncertainties arising from the West Asia conflict, particularly prices of crude oil and commodities, higher exchange rates and disruptions in shipping routes, remain a concern for the auto sector, the industry body said.

• In the near term, the conflict may weigh on export volumes, and the evolving situation reinforces the need for calibrated supply chains and diversification of energy inputs, analysts at Antique Stock Broking said.

• In the entry-level segment in April so far, buyer enquiries are strong, but converting them to sales is taking longer, the SIAM president said.

• Car sales by manufacturers to dealers in the world's third-largest car market rose 7.9% to 4.6 million units in the financial year 2026, industry data showed, compared to the previous fiscal year's 2%, as consumer sentiment improved due to tax cuts.

• In September 2025, India slashed taxes on larger SUVs to 40% as an additional levy was dropped and on small cars and two-wheelers to 18% from 28%, helping support demand across segments.

• Total domestic two-wheeler sales in the financial year 2026 rose 10.7% on-year compared to 9.1% growth last year, the industry data showed.

(Reporting by Aditi Shah and Anuran Sadhu; Editing by Harikrishnan Nair)

((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))

April 8 (Reuters) - TVS Motor Company Ltd TVSM.NS:

• TVS MOTOR - LAUNCHES THE ARMADO 200

Source text: [ID:]

Further company coverage: TVSM.NS

((Reuters.Briefs@thomsonreuters.com;;))

April 6 (Reuters) - India’s auto dealers warned of possible supply disruptions in the near term, from the West Asia conflict, even as Indian retail vehicle sales rose 25.28% in March, closing the financial year on a strong note on sustained momentum from tax cuts that improved affordability, the Federation of Automobile Dealers Associations (FADA) said on Monday.

Passenger vehicle sales rose 21.48% year-over-year in March, while two-wheeler sales rose 28.68% and commercial vehicle sales rose 15.12%, FADA said.

(Reporting by Meenakshi Maidas in Bengaluru)

((Meenakshi.Maidas@thomsonreuters.com; +91 8921483410;))

Repeats to additional subscribers, with no change to text

By Aditi Shah

NEW DELHI, March 26 (Reuters) - India has asked automakers and parts suppliers to tighten production schedules to conserve fuel amid fears of shortages caused by disrupted oil and gas imports from the Gulf due to the Iran war, a government memo seen by Reuters shows.

The heavy industries ministry has also urged companies to shift factory operations from oil-based fuels to electricity and to use recycled aluminium or alternative materials as shortages and costs rise, according to the March 25 advisory.

For India, one of the world's largest oil and gas importers, the advisory underscores the government's mounting concern over the conflict and its disruption to energy flows, supply chains and availability of raw materials.

India's ministry of heavy industries did not immediately respond to a request for comment.

The government has already prioritised use of gas for households over industries, which get only about 80% of their average needs.

Some parts suppliers to India's leading carmakers like Maruti Suzuki MRTI.NS, Tata Motors TAMO.NS and Mahindra MAHM.NS are already reporting a shortage of gas to power operations at a time when vehicle sales are booming.

The ministry wants the sector to do more.

"Wherever technically feasible, a transition from oil-based fuels to electricity may be considered. Further, production schedules may be optimised to minimise idle and standby fuel consumption," the ministry said in its note.

The government wants companies to use recycled aluminium where possible and explore the use of alternative materials for packaging and other non-critical applications to reduce "demand pressure" amid shortages which are already affecting beer makers.

"I don't know how much we can change in the factory, but the takeaway is that this war is going to go on for a long time and we should be prepared," said an executive at an Indian carmaker.

(Reporting by Aditi Shah, Editing by William Maclean)

((aditi.shah@tr.com; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))

By Aditi Shah

NEW DELHI, March 26 (Reuters) - India has asked automakers and parts suppliers to tighten production schedules to conserve fuel amid fears of shortages caused by disrupted oil and gas imports from the Gulf due to the Iran war, a government memo seen by Reuters shows.

The heavy industries ministry has also urged companies to shift factory operations from oil-based fuels to electricity and to use recycled aluminium or alternative materials as shortages and costs rise, according to the March 25 advisory.

For India, one of the world's largest oil and gas importers, the advisory underscores the government's mounting concern over the conflict and its disruption to energy flows, supply chains and availability of raw materials.

India's ministry of heavy industries did not immediately respond to a request for comment.

The government has already prioritised use of gas for households over industries, which get only about 80% of their average needs.

Some parts suppliers to India's leading carmakers like Maruti Suzuki MRTI.NS, Tata Motors TAMO.NS and Mahindra MAHM.NS are already reporting a shortage of gas to power operations at a time when vehicle sales are booming.

The ministry wants the sector to do more.

"Wherever technically feasible, a transition from oil-based fuels to electricity may be considered. Further, production schedules may be optimised to minimise idle and standby fuel consumption," the ministry said in its note.

The government wants companies to use recycled aluminium where possible and explore the use of alternative materials for packaging and other non-critical applications to reduce "demand pressure" amid shortages which are already affecting beer makers.

"I don't know how much we can change in the factory, but the takeaway is that this war is going to go on for a long time and we should be prepared," said an executive at an Indian carmaker.

(Reporting by Aditi Shah, Editing by William Maclean)

((aditi.shah@tr.com; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))

March 24 (Reuters) - TVS Motor Company Ltd TVSM.NS:

• DECLARES DIVIDEND OF 12 RUPEES PER SHARE

Source text: [ID:]

Further company coverage: TVSM.NS

((Reuters.Briefs@thomsonreuters.com;))

March 13 (Reuters) - India's domestic car dispatches to dealers rose for the fifth straight month in February, data from an industry body showed on Friday, helped by tax cuts that have lowered prices across most models.

"While the month of March has festive drivers... the recent conflict in West Asia remains a concern... could impact the manufacturing processes and exports," Rajesh Menon, Director General of Society of Indian Automobile Manufacturers (SIAM), said.

Here are some key details:

• Passenger vehicle dispatches jumped 10.6% to 417,705 units in February, compared with 377,689 units a year earlier.

• Tax reductions continue to fuel growth, extending momentum for fifth consecutive month.

• In September 2025, India slashed taxes on larger SUVs to 40% as an additional levy was dropped and on small cars and two-wheelers to 18% from 28%, helping support demand across segments.

• Vehicle sales picked up during the ongoing wedding season, supported by strong bookings, inventory build-up and new model launches.

• Domestic demand is expected to remain strong, though exports could soften on reduced shipments to Africa and the Middle East, analysts added.

• SIAM warns the ongoing Middle East crisis could hit production and exports if supply chains are disrupted.

• A shortage of gas - crucial for paint shops and component manufacturing - may affect production, analysts said, though they expect only near-term impact on Indian manufacturers due to inventory buffers.

• Domestic demand to stay robust but exports could weaken due to reduced shipments to Africa and the Middle East- Axis Capital

• India, the world's third-biggest car market, has an auto industry that accounts for 7.1% of its GDP.

• Tax cut-driven growth is likely to sustain for several quarters, a dealer's body said last week.

(Reporting by Meenakshi Maidas and Urvi Dugar in Bengaluru)

((Meenakshi.Maidas@thomsonreuters.com; +91 8921483410;))

March 5 (Reuters) - India’s retail vehicle sales rose 25.6% in February on strong demand for two-wheelers and passenger vehicles, as the momentum from tax-cut measures persisted, the Federation of Automobile Dealers Associations (FADA) said on Thursday.

(Reporting by Meenakshi Maidas in Bengaluru)

((Meenakshi.Maidas@thomsonreuters.com; +91 8921483410;))

Feb 26 (Reuters) - TVS Motor Company Ltd TVSM.NS:

• ANNOUNCES STRATEGIC EXPANSION INTO SOUTH AFRICA

• PARTNERS WITH NEXUS COLLECTIVE IN SOUTH AFRICA

Source text: ID:nBSE2mLtn4

Further company coverage: TVSM.NS

((Reuters.Briefs@thomsonreuters.com;;))

Feb 13 (Reuters) -

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S JAN TOTAL DOMESTIC PASSENGER VEHICLE SALES 4,49,616 UNITS

• SIAM - INDIA'S JAN 2-WHEELER SALES 19,25,603 UNITS

• SIAM - INDIA'S JAN 3-WHEELER SALES 75,725 UNITS

• SIAM: NEW BUDGET INITIATIVES, POLICY TAILWINDS EXPECTED TO DELIVER LONG-TERM BENEFITS, SUPPORT GROWTH IN MEDIUM TERM

((Reuters.Briefs@thomsonreuters.com;;))

Feb 1 (Reuters) - TVS Motor Company Ltd TVSM.NS:

• TVS MOTOR - RECORDS 511,766 UNITS SOLD IN JANUARY 2026

Source text: ID:nBSE95FXWG

Further company coverage: TVSM.NS

((Reuters.Briefs@thomsonreuters.com;))

Adds details, background throughout

Jan 30 (Reuters) - India's Ola Electric OLAE.NS said on Friday it would lay off 5% of its workforce in a restructuring effort aimed at improving profitability through greater automation.

The company is "doubling down" on speed and discipline through increased automation across its front-end operations, it said in a statement, adding that it is building a "leaner organisation" positioned for long-term, profitable growth.

The layoffs translate to roughly 620 jobs, based on the company's headcount of 12,396 employees as of March 31, 2025, according to its annual report and Reuters calculations.

The SoftBank-backed company had slashed more than 1,000 jobs at its front-end operations in March last year, citing increased automation, which improved margins.

Ola Electric, once commanding half of India's e-scooter market, has lost ground to legacy players such as Bajaj Auto BAJA.NS and TVS Motor TVSM.NS, which widened distribution and rolled out competing models, as well as to rival Ather Energy ATHR.NS.

After its stellar stock market debut in August 2024, the company was hit by a series of setbacks, from servicing delays to registration issues, knocking it down the pecking order of India's electric two-wheeler market.

While the company's shares doubled within weeks of its listing, rising customer complaints over service issues and stalling sales have since pushed its stock down by more than 57%.

MARCH TO PROFITABILITY

Sales for Ola Electric, which is yet to turn a profit, slumped 51% in 2025, government data showed, with registration issues impacting volumes early on in the year.

During its second-quarter earnings, Ola lowered full-year revenue target and maintained its margin forecast for the core automotive business as it shifts focus to profitability over volumes.

The Bengaluru-based firm expects fiscal 2026 revenue to be between 30 billion rupees and 32 billion rupees ($326.3 million-$348.1 million), compared with 42 billion–47 billion rupees forecast earlier. Its revenue was 46.65 billion rupees in fiscal 2025.

Ola is betting on in-house cell manufacturing to turn a profit, and recently announced that it would separately sell those cells to startups and businesses.

($1 = 91.9310 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Writing by Abinaya Vijayaraghavan; Editing by Janane Venkatraman and Shilpi Majumdar)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))

** Shares of TVS Motor TVSM.NS fall as much as 1.9% to 3,657.30 rupees

** Co missed Q3 profit view due to a one-time charge linked to new labour codes, although strong two-wheeler demand and export growth boosted sales

** Profit jumped 52% to 9.4 billion rupees vs analysts' estimates of 9.8 billion rupees, per data compiled by LSEG

** Jefferies remains positive on two-wheeler demand, and like TVSM's rising domestic and export franchise but sees the recent metal price rally posing some margin pressure over next few quarters

** ICICI Securities expects TVS' outperformance to continue led by ramp-up in EV volumes, new product launches and premiumisation

** Analysts have a "buy" rating on avg; median PT is 4,100 rupees - data compiled by LSEG

** TVSM down 1.7% so far in January

(Reporting by Urvi Dugar in Bengaluru)

((UrviManoj.Dugar@thomsonreuters.com;))

Jan 28 (Reuters) - TVS Motor Company Ltd TVSM.NS:

• Q3 PROFIT 9.4 BILLION RUPEES; IBES EST. 9.8 BILLION RUPEES

• Q3 REVENUE FROM OPERATIONS 124.76 BILLION RUPEES; IBES EST. 122.89 BILLION RUPEES

• RECORDS Q3 CHARGE OF 413.7 MILLION RUPEES DUE TO INDIA LABOUR CODES

Source text: ID:nnAZN4S5952

Further company coverage: TVSM.NS

((Reuters.Briefs@thomsonreuters.com;))

Jan 13 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S DEC TOTAL DOMESTIC PASSENGER VEHICLE SALES 3,99,216 UNITS

• SIAM - LOOKING AHEAD, INDUSTRY EXPECTS POSITIVE MOMENTUM TO CONTINUE WELL INTO 2026

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S DEC DOMESTIC 3-WHEELER SALES 61,924 UNITS

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S DEC DOMESTIC 2-WHEELER SALES 15,41,036 UNITS

• SIAM - WHILE REMAINING WATCHFUL OF GEOPOLITICAL DEVELOPMENTS, INDUSTRY EXPECTS FY2025–26 TO CLOSE ON POSITIVE GROWTH TRAJECTORY

Source text: [ID:]

Further company coverage: ASOK.NS

((Reuters.Briefs@thomsonreuters.com;;))

Jan 6 (Reuters) - INDIA AUTODEALERS BODY FADA:

• DEC’25 AUTO RETAIL AT 20,28,821 UNITS

• DEALER SENTIMENT REMAINS FIRMLY POSITIVE, WITH OUR SURVEY INDICATING 70.48% EXPECTING GROWTH

• OVER NEXT 3 MONTHS, RETAIL OUTLOOK REMAINS DECISIVELY UPBEAT

• DEC’25 AUTO RETAIL UP 14.63% YOY

((Reuters.Briefs@thomsonreuters.com;))

Jan 1 (Reuters) - TVS Motor Company Ltd TVSM.NS:

• Q3FY26 SALES GROW BY 27%

• MONTHLY SALES OF 481,389 UNITS IN DECEMBER 2025

Source text: ID:nBSE2T9Cpd

Further company coverage: TVSM.NS

((Reuters.Briefs@thomsonreuters.com;))

Dec 30 (Reuters) - TVS Motor Company Ltd TVSM.NS:

• SIGNS MOU WITH MANBA FINANCE LIMITED

Source text: ID:nBSE2F39mM

Further company coverage: TVSM.NS

((Reuters.Briefs@thomsonreuters.com;))

Corrects to show deal is with Mitsubishi Fuso Truck and Bus, not Mitsubishi Motors, in paragraph 3 and bullet point 1. Corrects to show representative was from Mitsubishi Fuso, not Mitsubishi Motors, in paragraph 6. Removes Reuters Instrument Code of Mitsubishi Motors.

By Stefanno Sulaiman

JAKARTA, Nov 20 (Reuters) - Indonesia's state-led Agrinas Pangan Nusantara is negotiating the purchase of 160,000 trucks and as many motorbikes to kick off a $12 billion programme to build cooperative markets across the archipelago, CEO Joao Mota told Reuters on Thursday.

The vehicles are a part of President Prabowo Subianto's plan, launched in July, to establish 80,000 cooperatives to stimulate local businesses. The large-scale purchases are a boost for the country's flagging auto industry, with monthly car sales in contraction since May 2025.

The previously unreported purchase plan includes a soon-to-be-signed deal to buy 35,000 six-wheeler trucks from local partners of Japanese automakers Mitsubishi Fuso Truck and Bus and Isuzu 7202.T, Joao said in an interview at his office.

"Mitsubishi can provide up to 20,000 units, while Isuzu up to 15,000 (six-wheeler) units," Joao said, adding that 45,000 more trucks might be imported from potential suppliers such as China's Dongfeng Motor Group 0489.HK and Indian firm Tata Motors TAMO.NS.

He said his firm is also in talks with Isuzu, Tata Motors and Mahindra for purchases of 80,000 4x4 vehicles.

Local representatives from Mitsubishi Fuso, majority owned by Daimler Truck, and Isuzu as well as Tata, Dongfeng and Mahindra did not respond to an email request for comments.

'PRODUCE AT COMPETITIVE PRICES'

The cooperative programme aims to boost economic activities in villages as the administration targets 8% GDP growth by 2029 from 5% currently.

The construction of these markets aims to cut out middlemen by allowing farmers and other small and medium enterprises to sell products directly to customers.

The programme will include several other services, such as providing microloans, opening and operating small health clinics, cold storage for meat, and selling subsidised medicines, staple foods and cooking gas.

Motorbike-pulled carts, which will be used to transport the cooperatives' products to end-customers, are expected to be sourced from many brands, including Indian automaker TVS Motor Company TVSM.NS and local brand Viar Motor Indonesia.

"Our main goal is to cut logistics costs... this will enable people to produce things at a competitive price; they are no longer consumers, but becoming producers," Joao said, adding they are in talks with German software maker SAP and Indonesian telco firm Telkomsel to set up the cooperatives' IT system and e-commerce platform to market the farmers' products.

The $12 billion used for the cooperatives' construction and vehicle purchases will come in loans from all of the state banks, including Bank Mandiri BMRI.JK, Bank Rakyat Indonesia BBRI.JK and Bank Negara Indonesia BBNI.JK, the finance ministry has said. The loans will then be guaranteed by the government.

(Reporting by Stefanno Sulaiman; Editing by David Stanway)

((Stefanno.Sulaiman@thomsonreuters.com;))

Corrects to show deal is with Mitsubishi Fuso Truck and Bus, not Mitsubishi Motors, in paragraph 3. Removes Reuters Instrument Code of Mitsubishi Motors

By Stefanno Sulaiman

JAKARTA, Nov 20 (Reuters) - Indonesia's state-led Agrinas Pangan Nusantara is in talks with top global automakers to procure 160,000 trucks and as many motorbikes to kick off of a $12 billion programme to build local cooperative markets across the country, the company's CEO Joao Mota told Reuters on Thursday.

The vehicles are a part of President Prabowo Subianto's plan, launched in July, to establish 80,000 cooperatives in a drive to stimulate local businesses.

The previously unreported purchase plan includes a soon-to-be-signed deal to buy 35,000 six-wheeler trucks from local partners of Japanese automakers Mitsubishi Fuso Truck and Bus and Isuzu 7202.T, Joao said in an interview at his office.

"Mitsubishi can provide up to 20,000 units, while Isuzu up to 15,000 (six-wheeler) units," Joao said, adding that 45,000 more trucks might be imported from potential suppliers such as India's Tata Motors TAMO.NS and China's Dongfeng Motor Group 0489.HK.

He said his firm is also in talks with Isuzu, Indian automakers Tata Motors and Mahindra for purchases of 80,000 4x4 vehicles.

(Reporting by Stefanno Sulaiman; Editing by David Stanway)

((Stefanno.Sulaiman@thomsonreuters.com;))

Adds details paragraph 2 onwards

Oct 7 (Reuters) - Indian dealers' auto sales grew 5.2% year-on-year in September, with upbeat growth across two-wheelers and passenger vehicles, as tax cuts boosted demand during the festive season, the Federation of Automobile Dealers Associations said on Tuesday.

While sales were muted in the first three weeks of September, they surged after September 22, when the revised goods and services tax rates took effect, the auto dealers association said.

Two-wheeler sales climbed 6.5% from a year earlier, while passenger vehicle sales grew 5.8%.

Dealers posted record high sales during the nine-day Navratri festival, the association said, with a 34% year-on-year jump during the period, as a wave of new customers entered showrooms and existing ones upgraded their vehicles, taking advantage of lower taxes and festive schemes.

The auto dealers body expects an above-normal monsoon, strong harvest, and steady lending rates to boost purchasing power of consumers, driving demand.

It also expects "peak sales" during the Diwali festival in October, when Indians typically tend to make high-value purchases.

(Reporting by Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala and Ronojoy Mazumdar)

((Kashish.Tandon@thomsonreuters.com; 8800437922;))