GIB EnergyX will license Gotion's LFP technology for lithium-ion cells to Amara Raja for manufacturing LFP cells in both cylindrical and prismatic form factors.

The light bus and coach market in India, categorized by vehicles of 7.5t gvw & below, exhibited a mixed performance in April to June 2024-25 (Q1 2024/25) compared with the same period of the previous financial year.

The Indian tractor market, ranging from 31 tons to 55 tons GVW (Gross Vehicle Weight), exhibited varied performance in the April to June 2024-25 (Q1/ 2024/25) period compared with the same quarter last year.

Total production across all categories fell by 3.2% from 145,769 to 141,115, indicating a slight contraction in manufacturing output.

The Indian medium and heavy rigid truck market (7.5t gvw and above) from April to June 2024-25 (FY Q1: 2024/25) shows a mix of growth and decline across different GVW (Gross Vehicle Weight) segments when compared with the same period in 2023-24.

Æsir Technologies Inc of Joplin, Missouri, USA, is a spin-off company ZAF Energy Systems Inc.

EVR Motors specialises in manufacturing high power density electric motors for CVs and other applications.

The funding is to be used to support deployment of 350 fully air-conditioned, 9-metre electric buses across eight cities in Uttar Pradesh.

All of the buses are Viking models fitted with Ashok Leyland’s iGen6 BS VI, H Series engine.

The project will evaluate the performance of these fuel cell electric buses in the Delhi NCR region's challenging climate, focussing on how local fuel and air quality affect the buses' efficiency, longevity, and operational reliability in transit bus fleets.

The acquisition is expected to leverage the expertise of the Roberto Nuti Group to enhance SI Airsprings product offerings as well as strengthen its global market position.

The formal split and formal establishment of the two entities will take place at the start of the next fiscal year, i.e. April 1, 2025.