The companies have signed a Memorandum of Understanding (MoU) in order to explore potential collaboration in EV developments, components and joint business opportunities with a focus on the European and South American markets.

Sales of LCV goods carrier (trucks) vehicles (gvw ≤ 7.5t) fell by 2.9% to 542,934 units in FY 2023 (ending March 31, 2024).

The market demand fell by 2.8% in the fourth fiscal year quarter of 2023/24

The ST1 (Service Type 1) battery-powered LCV platform is the name of a new, purpose-designed platform of battery-powered light commercial vehicles from Hyundai for the local delivery market segment.

The plan is to start mass production of a battery-powered version of the Hilux pickup truck for Thailand and for export.

The basic idea is to turn large-sized cargo vans into “mobile micro-depots” from which cargo bikes can collect and deliver goods during the last mile.

Kia said the new “Tasman” will be a multi-purpose model aimed at the “working” and “life-style” sub-segments of the global pickup truck market.

MAN’s update to the ‘TGE’ range features a revamped interior and eleven new advanced driver assistance systems.

The ‘VPT60N’ is a fuel cell electric powertrain designed for use in cars, light commercial vehicles, and certain off-highway applications.

Sales of LCV goods carrier (truck) vehicles gvw ≤ 7.5t domestic stagnated in Q3 of FY 2023-24 with sales rising by just 0.6% compared with the same period of FY 2022-23.

Sales of LCV goods carrier (trucks) vehicles, gvw ≤ 7.5t, fell marginally during the first nine months (April to December) of fiscal year (FY) 2023-24 by 2.9% just under 400,000 units.

Agreements were signed with dealers in southern Alberta, Toronto, and Montreal.