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.

The project will focus on the development and manufacturing of high-voltage EV components, including combined charging units, e-axles, inverters, and electric motors.

The order is worth INR 297.85 crore (USD35m) to supply 320 diesel (BSVI) 12-metre ultra-low entry rear-engine buses to the Tamil Nadu State Transport Corporation.

EKA Mobility has incorporated KPIT’s hydrogen fuel cell technology into its next-generation electric bus platform, while BPCL has installed the hydrogen production, dispensing, and refuelling infrastructure in Kochi.

A total of 37 vehicles, including H2 fuel cell and combustion engine-powered coaches and trucks, will be deployed on 10 different routes across the country.

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.

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

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.

The majority of this order are non-AC diesel buses.

The primary function of JBM EV Ventures Pvt Ltd is to offer electric vehicle (EV) battery services through subscription-based models, including leasing and rental options.

This strategic move underscores Valeo’s commitment to supporting India’s electric mobility transition.

Sales of light-duty passenger vehicles (7.5 tons and below) were up in the FY 2024/25 with rate of 5.9% to register 54,807 units (51,750).