The budget is aimed at incentivizing around 28.81 lakh electric vehicles over the next two years!

Initially, the facility will have a production capacity of 50,000 packs a year; MAN is hoping to expand this to 100,000 by 2030.

The ‘Urbino 24’ double-articulated buses will serve on bus rapid transit routes in the city.

New Flyer says it will repurpose existing space at its production facility in Winnipeg and lease another site for final vehicle commissioning.

Vehicle production also saw a rise of 13.8% in the first half of FY 2024-25.

Production saw a more significant decrease of 13.7%, dropping from 37,014 units to 31,938 units.

Medium and heavy rigid truck (7.5t GVW and above) sales slipped by 8% to 108,018 units from 117,351 units in the same period of FY2023.

The market continued its trend of growth in the third quarter of 2024, reporting a 36.1% increase in registrations to 2,367 compared to the same period of the year before, according to statistics published by the Society of Motor Manufacturers and Traders (SMMT).

Strycker replaces the incumbent CFO Do Young Kim, who will take up the equivalent role at sister company Scania.

Klingenberg will assume his new position on 1 January 2025 and will be tasked with executing the transition to a group R&D organisation at Traton.

He replaces Jonas Rickberg who is leaving the company.

Training initially in electrical engineering, Ujkashevic spent thirty-one years at Ford in multiple engineering, design, and innovation leadership roles.