Almost all the capital expenditure is to go on new product development, says CEO

The TVS dealerships are in the National Capital Region (NCR) in northern India; two in Faridabad and the other in Greater Noida.

With the upcoming IAA Transportation event in Hanover, Germany (September 17-22), just around the corner, a company that is hoping to make a splash is Italian powertrain manufacturer, FPT Industrial (a wholly-owned subsidiary of the Iveco Group).

CEAT's current TBR tyre production capacity is 3,000 tyres per day.

The new lab verifies and validates software feature functionality for trucks and buses that not only meet current safety standards, but also helps Daimler Truck products manufactured products meeting future global safety regulations.

This modern facility, one of Europe's most advanced cable plants, will allow the company to significantly increase production. The move involved transferring 870 staff members and 180 pieces of machinery from their former site in Stieberstrasse, Roth, which had been in use for over 100 years.

The companies will jointly develop advanced hydrogen generation technology utilising Solid Oxide Electrolysis Cells (SOEC) combined with waste heat recovery. The collaboration aims to enhance the efficiency of hydrogen production by leveraging SOEC technology, which operates at high temperatures and uses less energy compared to traditional electrolysis methods.

FPT will emphasise its advancements in sustainable transportation technologies, focusing on low-emission and zero-emission solutions. The company will showcase a variety of powertrain systems, including natural gas-powered engines, and electric propulsion (e-propulsion) systems.

EVR Motors specialises in manufacturing high power density electric motors for CVs and other applications.

Sunswap will use the money to support the further development, production, and commercialisation of its technology: solar panels mounted on the roof of a reefer trailer to supply energy to the refrigeration unit, thus reducing the fuel consumption of the whole truck-trailer combination.

Most of its ADB22X and ADB22X-LT air disc brakes are produced at its manufacturing plant in Bowling Green, Kentucky. The major investment went into a 130,000-square-foot expansion project in 2020.

Chai will be at the centre as the company looks to scale up production at its Gigafactory in Voderady, Slovakia, after securing significant funding from the Slovakian Development Bank earlier this year.