In the previous nine month period some 400,013 light trucks were registered.

The order is for 1,621 buses and 42 heavy-duty trucks.

Sales in Q3 totalled 13,627 units compared with 10,828 units.

The round was led by America venture capital firm, Ecosystem Integrity Fund (EIF) of Sacramento, California, with participation from Blume Ventures of Mumbai, India and British International Investment Plc of London, UK (BII).

Q3 tractor unit sales totalled 16,490 units compared with 17,025 units.

Sales of medium and heavy rigid trucks (7.5t GVW and above) in India declined to 60,215 units in Q3 (63,469).

Minibuses (GVW ≤ 5t, with fewer than 13 seats) recorded a 26.8% increase in sales.

The LCV segment in India goes up to 7.5 tonnes.

The contract is from the Uttar Pradesh Government Health Department for 2,429 ambulances.

The company is embarking on a revival using common componentry for vehicles in Europe and India.

Turntide is integrating its operations in the northeast of England into a single engineering campus based in Gateshead and is producing inverters under contract with Kaynes Technology India Ltd for the domestic light-duty market.

Farizon signs local joint venture partnership.