South Asia

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JBM enters the European electric city bus market with the debut of the Eco-Life e12 at UITP 2025

By Luke Willetts – 9th July 2025

The company also announced that its European operations are now headquartered in Frankfurt, Germany, overseen by Daniel Fräde, Director of Sales, Marketing & After Sales Europe.

Uno Minda Board approves around USD50 million for EV Powertrain Project

India

Investment

Electric Drive

Uno Minda Board approves around USD50 million for EV Powertrain Project

By RACE Innovations Pvt Ltd – 30th June 2025

India

Order

Ashok Leyland secures big bus order from Tamil Nadu State

By RACE Innovations Pvt Ltd – 29th June 2025

EKA Mobility, KPIT, and BPCL deploy Hydrogen Fuel Cell bus at Cochin Airport

India

Agreement

Fuel Cell Electric

Prototype, Testing & Trials

EKA Mobility, KPIT, and BPCL deploy Hydrogen Fuel Cell bus at Cochin Airport

By RACE Innovations Pvt Ltd – 28th June 2025

India

Prototype, Testing & Trials

Fuel Cell Electric

India launches heavy-duty hydrogen truck and coach trials

By RACE Innovations Pvt Ltd – 27th June 2025

Bus & Coach

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India

Investment

Manufacture

Switch Mobility (India) to invest USD60 million in UK holding company

By RACE Innovations Pvt Ltd – 26th June 2025

The investment is scheduled for the fourth quarter of FY2025-26 and is aimed at supporting the ongoing capital expenditure and growth plans of Switch Mobility.

India

Investment

Wheels & Tyres

JK Tyre secures USD100 million sustainability-linked loan from IFC

By RACE Innovations Pvt Ltd – 25th June 2025

This initiative aims to promote energy-efficient tyre manufacturing, strengthen domestic supply chains, and create employment opportunities, says JK Tyres.

India

Strategy/Policy

Rane looks to sell off non-core assets to improve asset utilisation

By RACE Innovations Pvt Ltd – 24th June 2025

The company says this move to unlock value from non-core assets is consistent with Rane Holding Ltd’s strategic objective of streamlining operations and strengthening financial performance.

India

Order

VECV wins major order of 1,663 buses from UPSRTC

By RACE Innovations Pvt Ltd – 23rd June 2025

India

Statistics

Registrations

Premium Article

Light-duty buses domestic sales up 5.9% in FY 2024/25

By RACE Innovations Pvt Ltd – 20th June 2025

India

Statistics

Registrations

Premium Article

Bus and coach sector above 7.5t enjoy strong sales in FY2024-25

By RACE Innovations Pvt Ltd – 19th June 2025

Truck & Van

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India

Statistics

Registrations

Premium Article

Light-duty truck sector dips 2.8% in FY 2024-25

By RACE Innovations Pvt Ltd – 18th June 2025

Sales of LCV goods carrier (truck) vehicles (gvw ≤ 7.5t) fell by 2.8% to 528,045 units in FY 2024/25 from 543,008 units in FY 2023/24.

India

Statistics

Registrations

Premium Article

Tractor sales dip 2.2% in FY 2024/25

By RACE Innovations Pvt Ltd – 17th June 2025

Total tractor sales slipped 2.2% during FY 2024/25 to register 67,574 units compared with 69,115 units in the previous year (FY2023/24).

India

Statistics

Registrations

Premium Article

Indian rigid truck market slips 4.4% in FY2024/25

By RACE Innovations Pvt Ltd – 16th June 2025

Sales of medium and heavy rigid trucks (7.5t gvw and above) experienced a degrowth of 4.4% to 239,847 units in FY 2024/25 from 250,969 units in the financial year 2023/24.

India

Investment

Battery Electric

Free Article

Motherson to make further investments in REE Automotive

By RACE Innovations Pvt Ltd – 16th June 2025

India

Order

Truck

Olectra wins order for 297 e-buses for the mountainous region of Himachal Pradesh

By RACE Innovations Pvt Ltd – 15th June 2025

India

Statistics

Registrations

Premium Article

Steady tractor sales continue into the fourth quarter of 2024/25

By RACE Innovations Pvt Ltd – 13th June 2025

Trailer

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India

Mergers, Acquisitions & Disposals

Joint Venture

SAF-Holland acquires outstanding stake in Haldex joint venture with Anand Group

By Bradley Osborne – 8th May 2025

SAF-Holland said that taking over Anand’s portion in the Haldex joint venture will simplify the localisation of the entire Haldex product portfolio in India.

India

Investment

Manufacture

JCBL expands JML’s Oragadam facility to boost tipper and tanker rigid truck and trailer body production

By RACE Innovations Pvt Ltd – 5th April 2025

The facility is to be extended/expanded in two phases: The first phase is to add 60,000 square feet of production space to the existing 100,000-square-foot facility.

India

Investment

Brakes & Braking Systems

ZF CVS India makes new ESC test track in Chennai available to all

By RACE Innovations Pvt Ltd – 27th March 2025

This new test track is for testing vehicle braking and is specifically for testing Electronic Stability Control (ESC) systems.

India

Product

AI, Digitalisation & Robotics

KPIT Technologies to launch generative AI solutions for the automotive industry in India within the next six months

By RACE Innovations Pvt Ltd – 20th September 2024

Generative AI is a type of artificial intelligence used to create entirely new solutions within a specific field.