Electric truck developer, Tevva Motors Ltd of Chelmsford, UK has successfully raised USD12.5m (GBP9m) in capital finance in a funding round that it states was over-subscribed.

Following a 12-month review of its UK and European operations, Manchester-based MWheels Ltd in the UK has rebranded as The Wheel Hub and Wheel HUB GmbH in Germany.

Daimler AG and information technology company,  Infosys Ltd, have entered a long-term strategic partnership for technology-driven IT infrastructure development and transformation.

Sales of light-duty vehicles fell by 79.2% to 7,426 units in the first nine months of fiscal year 2020-21 from 35,644 units in same period of 2019-20.

Sales of LCV goods carriers (trucks of gvw ≤ 7.5t) saw domestic sales fall by 24.7% to 270,623 units in the first three quarters (April to December) of fiscal year 2020-21 (Q1-Q3 FY2020/21) from 359,162 units in same period of 2019-20.

Passenger and CV tyre maker, Bridgestone India Pvt Ltd has launched its new-generation drive tyre for the commercial vehicle segment, which is designed for the general cargo, long haul, and highway applications

Haulage tractor sales fell by 61.2% during the first three quarters (April to December) of fiscal year 2020-21 (Q1-Q3/2020-21) to register just 5,467 units compared with 14,107 units in the same period of the previous year (2019-20).

Sales of buses fell by 91.2% in the first three quarter's period of fiscal year 2020-21 to register just 2,578 units, down from 29,206 units in the first nine months of FY2019-20.

Sales of light-duty vehicles (7.5t gvw & below) declined by 69.7% to register just 2,803 units in Q3 of FY2020-21, down from 9,254 units in Q3 of FY2019-20.

Sales of medium and heavy rigid trucks (7.5t gvw and above) in India fell by 45.6% in the first nine months (April to December) of FY2020-21 to 72,109 units from 132,575 units in same period of the year FY2019-20.

Sales of medium and heavy rigid trucks (7.5t gvw and above) in India experienced a positive upswing of 18.7% in Q3 of FY2020-21 (October to December 2020) to register 45,424 units compared with 38,283 units in same quarter of the year 2019-20

Tractor sales decreased by just 4.3% during the third quarter of fiscal year 2020-21 to register 4,049 units compared with 4,229 units in the same quarter of the previous year.