This recycling facility is believed to be the first of its kind in India - it complies with the Indian government's Vehicle Scrapping Policy - Voluntary Vehicle Fleet Modernization Program (V-VMP), which took effect on April 1, 2022.

The recovery in India's light-duty bus sector seen late last calender year continued into the last quarter of fiscal year 2022-23.

Sales of LCV goods carrier vehicles (light trucks) of gvw ≤ 7.5t fell by 1.2% in Q4 of FY 2022-23 ending March 31, 2023 compared with same period of FY 2021-22.

The first model, the BE 5528+ truck was introduced in November 2022, marking the beginning of Blue Energy Motor's entry into the LNG-fuelled truck industry.

SK Innovation sees ammonia as a 'feasible alternative to realizing the hydrogen economy'.

Over the next five years the global market for bus and coach is expected to almost double from around 169,000 in 2022 to 309,000 in 2027, according to Krishna Achutan, Program Manager at Frost & Sullivan speaking at a Busworld foundation seminar at Busworld North America.

Sales of medium and heavy rigid trucks (7.5t gvw and above) in India increased by 46.3% in the period for April to December of 2022-23 to 181,934 units from 124,367 units in same period of the year 2021-22.

Domestic sales of buses and coaches (7.5t gvw and above) increased by 130.5% in Q3 (October to December) of the financial year 2022-23 (Q3/FY22-23) to register 8,331 units, up from 3,615 units in Q3 of FY 2021-22.

The heavy haulage tractor sector saw sales more than double during April to December of 2022-23 to register 35,334 units compared with 15,794 units in the same period of the previous year (2021-22).

Tractor production increased by 101.1% overall from 6,822 units to 13,717 units, but export sales declined by 50%.

Sales of buses and coaches (7.5t & above) in the first nine months of fiscal year 2022-23 (April to December) rallied gaining 267.7% to register 23,689 units compared with just 6,442 units in the three-quarter year period of FY2021-22.

Sales of light duty buses (7.5t & below) more than doubled by 129.1% to register 8,093 units in Q3 of FY 2022-23, up from 3,532 units in Q3 of FY2021-22.