Once valued at GBP 200 million (2022), the company has blamed UK Prime Minister Rishi Sunak for pushing back the ban on ICE vehicles. Lunaz has ceased operations of its commercial unit ahead of a restructuring, with plans to revive its passenger car repowering business in the near future.

At Excon 23, there were several OEMs displaying new heavy trucks at the show including Mahindra Truck & Bus Ltd, Tata Motors Ltd and Scania Commercial Vehicles India Pvt Ltd.

Eaton unveiled new products in its aftermarket mobile power portfolio at the World Truck Show, including the introduction of the Bezares 3960, 2500 and 500 series power take-off (PTO) units.

MAN opened its first battery repair centre in 2020, located between Hanover and Laatzen in the German state of Lower Saxony.

Cummins used the World Truck Show to launch the next-generation heavy-duty on-highway diesel X15 engine.

The jointly developed sLH2 process of handling subcooled liquid hydrogen allows for a higher storage density, a greater range, more energy efficiency and faster refuelling times, superior on all metrics. The first public sLH2 pilot station has been opened in Wörth am Rhein, Germany, and is provided with liquid hydrogen by Linde.

Under this recognition certification, Tata Motors can now claim incentives to enhance and expand production of M3 category3 electric buses.

The company announced record full-year sales of USD 3,035 million, which increased the Earnings Per Share (EPS) to a record USD 7.04, up 34 per cent from 2022. 2023 net income was USD 673 million, compared with 2022 figures of USD 531 million.

Allison has invested in Niron Magnetics, a company specialising in the development of sustainable non-rare earth permanent magnets. Allison is hoping that this investment helps develop sustainable permanent magnets to be used in its e-axles, thereby using less critical rare earth materials, adding to the long-term sustainability of its business.

The trucks arrive in CKD kit form from the HQ and factory in Sodertalje for assembly at Scania’s factory in Narasapura, Karnataka State, India. The tipper body is built and supplied by SSAB Swedish Steel (India) Pvt Ltd (a subsidiary of SSAB, Sweden) of Bengaluru.

In an attempt to generate operational capital, the Board approved plans for an accelerated book-build offering of newly issued ordinary shares at an extraordinary general meeting on 29 January 2024.

Netradyne is to fit its Driver•i1 AI (Fleet Camera System) onto gas trucks supplied by Blue Energy.