The JSW Group of Mumbai has signed a Memorandum of Understanding (MoU) with the government of Odisha, to building an integrated Electric Vehicle (EV) and EV battery manufacturing facility in Cuttack, Odisha State.

Kempower has equipped one of Europe’s largest electric bus depots in Via Ferrarese, Bologna, with 20 DC bottom-up pantograph chargers. Significantly, this is the first bus depot in Italy to utilise charging equipment from Kempower.

Karsan has signed a local distribution and aftersales agreement with KMobility S.R.L. This, according to CEO Okan Baş will help strengthen its aftersales services and spare parts distribution ecosystem in Italy.

ZF India is implementing its 2021 REFRESH INDIA strategy, which focuses on offering next generation mobility solutions through the combination of the   ZF technologies, as well as new emerging ACE technologies - Autonomous, Connected and Electrification.

The group’s uplisting to the MDAX is recognition of its middle level, or “mid-cap”, market capitalisation.

Bus and coach domestic sales (>7.5t gvw) in FY2023 (ending March 31, 2024) increased by 38.4% to 53,136 units.

With the standard tank option storing LNG, the Touring can cover more than 1,000 km before needing to refuel.

Sales of light-duty passenger vehicles (7.5 tons and below) increased by 16.8% to 51,750 units in FY 2023 (ending March 31, 2024).

The MoU outlines an investment over a span of five years, with the potential to generate up to 5,000 jobs, both directly and indirectly.

JBM is becoming a major suppliers of city buses in India. It also has plans to export to Europe.

The plant is to have the capacity to produce 2,500 buses annually, but has been designed with the opportunity to double this, when required.

Proven replaces Brian Dewsnup, who became Chief Financial Officer in March.