This is the first and largest outright purchase of electric buses by a state transport corporation in India.

Tractor sales grew by 4.8% during the fourth quarter of FY 2024/25 (January to March) to register 21,021 units compared with 20,061 units in the same quarter of the previous year (FY 2023/24).

The agreement strengthens AEM’s footprint in Asia and coincides with a new trade agreement between the UK and India.

Sales of medium and heavy rigid trucks (7.5t gvw and above) in India experienced a decline of 2.1% in Q4 (January to March) of FY 2024/25 to register 71,614 units from 70,149 units in same quarter of fiscal year 2023/24.

Anirudh Bhuwalka, CEO of Blue Energy Motors, says the facility will produce zero-emission electric trucks using AI and machine learning technologies.

Sales of buses (7.5t gvw and above) were up by 10.5% in Q4 of the financial year 2024/25 (January to March) to register 22,049 units, up from 19,946 units in Q4 of FY 2023/24.

Sales of light-duty buses and coaches (7.5t & below) rose strongly in Q4 of FY2025/24 (January to March 2025) by 19.4% to register 18,310 units compared with 15,333 units in Q4 of FY2023/24.

Production of LCV trucks fell by 0.8%, while exports grew strongly by 60.2% to more than 14,000 vehicles.

The project - valued at approximately USD660mn (INR 5,500 crore) - includes full-scale electric and civil infrastructure development under a Gross Cost Contracting (GCC) model.

Based in Sfax, Tunisia, KPIT engineering SUARL currently employs 574 people and functions as a dedicated nearshore development centre

Currently, PMI Electro claims to operate 2,000 electric buses across 31 cities in India and has an order book of more than 3,000 vehicles.

This adds additional capacity to Ashok Leyland’s bus manufacturing – in FY2023/24 output exceeded 17,000 FBU buses and bus chassis.