The rebranding is part of the company's plan to completely reinvent itself going from light duty truck builder to producer of EV charging equipment.

With USD10m in additional shareholder funds the company will focus on deployment of electric tarmac buses at Bengaluru international airport and development of a mid-mile heavy-duty EV truck platform.

Lumax Auto already supplies engine oil under the the 'Ultra' brand name.

World's biggest operator, valued at USD3bn, to enter India in 2024.

As manufacturers increasingly move towards producing electric, “software-defined” vehicles, Volkswagen CEO, Oliver Blume said that aesthetics will replace “traditional unique selling propositions” (i.e., technical design) as the key differentiator between brands.

Whilst South Korea’s biggest tyre manufacturer prepares for the launch of its new electric bus tyre range later this year, we decided to have a closer look at the rise of this tyre giant hailing from the East.

The JV aims to manufacture battery cells for commercial electric vehicles at a 21-gigawatt hour (GWh) factory that is anticipated to cost between USD 2-3 billion. The emphasis is on pioneering better battery chemistries that last longer, are safer, lower in cost and are more environmentally sustainable, preferably without the need for nickel and cobalt raw materials.

From now on, Volkswagen will specify to its Tier 1 suppliers which semiconductors and other parts it would prefer in its electronic components.

The BharatBenz Certified initiative will undertake the refurbishment of pre-owned BharatBenz vehicles with a 125-point quality check that will lead to a thorough technical check, repair and restoration of the vehicles.

This product announcement follows on from a Memorandum of Understanding (MoU) for long-term collaboration signed in January 2022 to develop autonomous vehicles.

The new headquarters has been partly funded by the UK government, venture capital firms and a GBP 12 million grant from the Advanced Propulsion Centre.

Werth joins ADL from Wrightbus where he was the Chief Commercial Officer and brings with him many years of sales, business development and commercial operations experience in the bus and coach sector.