Domestic sales demonstrated significant growth as well, increasing by 52.8%, while production increased by 24.3%.

GIB EnergyX will license Gotion's LFP technology for lithium-ion cells to Amara Raja for manufacturing LFP cells in both cylindrical and prismatic form factors.

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

The funding is to be used to support deployment of 350 fully air-conditioned, 9-metre electric buses across eight cities in Uttar Pradesh.

The acquisition is expected to leverage the expertise of the Roberto Nuti Group to enhance SI Airsprings product offerings as well as strengthen its global market position.

The Viaggio G8 1050, designed specifically for charter and tourism operations, brings the advanced features of the Generation 8 series to a new market segment.

The manufacturer says it is looking to take on fast-rising competition from Chinese and European manufacturers in the emerging global market for zero-emission commercial vehicles, including hydrogen-powered trucks and buses.

Total sales of heavy commercial vehicles (including trucks, buses and minibuses, in Peru during the first half of 2024 reached 8,807 units, up 7.1% compared with 8,220 units in the same period in 2023.

The Colombian heavy commercial vehicle market experienced a sharp decline in the first half of 2024, with sales falling by 30.7% to 5,042 units compared with 7,277 units in the same period in 2023.

Marcopolo states that the African region is the second largest regional market for Marcopolo, surpassed only by Latin America.

The first half of the year saw a 16.4% decrease in commercial vehicle sales, with 6,559 units sold compared with 7,837 units in the same period last year.

The Argentine commercial vehicle market experienced significant decline in the first half of 2024, with sales reaching 5,639 units, a 22.9% drop compared with 7,318 units sold from January to June last year.