The companies have formed a joint venture (NextGen AssetCo) for leasing up to 1,000 electric bus batteries for GBP 100 million as part of FirstGroup’s plan to electrify its electric bus fleet in the UK. This new company will purchase the batteries, which will then be leased to First Bus over an eight-year period.

Lumax is anticipating a surge in demand for its products, as several OEMs, it says, are focusing heavily on the transition to electric vehicles.

This vehicle has been designed and engineered in-house and with series production already started in Lambert, Scotland, the first deliveries are set for Q1 2024.

The market grew by a whopping 130.6% compared to the same period of the year prior, according to statistics published by the Society of Motor Manufacturers and Traders (SMMT).

This is Motherson’s eighth wire harness facility in the Middle East and is the production of wire harnesses dedicated to commercial vehicles.

The ETL marking is a certified indicator that the electric charging products have been tested by Intertek and found to be in compliance with accepted national standards. This now allows Kempower to enter the American market with locally-made electric vehicle charging equipment.

Ashok Leyland is the preferred supplier to Tamil Nadu’s STU with more than 18,000 of its buses in operation, comprising over 90% of the total fleet.

The new facility, spanning 1,300 square metres, can accommodate every stage of battery development between prototyping and small-scale production, according to Mahle Powertrain.

Digital marketplace services specialist iQuippo Services engaged by DICV to offer clear digital sales process for sale of used trucks and buses.

Domestic sales of medium and large buses and coaches (7.5t gvw and above) increased by 43.8% in first half (April to September, 1H) of the financial year 2023-24 to register 22,250 units.

Sales of light duty buses (7.5t & below) increased by 24.3% to register 27,580 units in first half of FY 2023-24 from 22,185 units in the first half of FY 2022-23.

It is a 26,000-square-metre facility capable of producing up to 16,000 units per year; following a planned expansion to 40,000 square metres, it will be capable of producing 50,000 units.