An investment group, led by Canadian real-estate tycoon Vincent Chiara, submitted this bid. This comes after the Board has been actively seeking capital in order to restructure the business.

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

No specifics about the partnership have been released, except that the first products are set to be unveiled in the spring of 2026.

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.

The new 35,000-square-foot facility comprises twelve service bays and an outdoor wash station and provides body and paint services, refurbishment, fire restoration, and general repairs.

On Samsara’s ‘Connected Operations Platform’, customers can now view information on Rivian vehicles in their fleet alongside other vehicle data, providing a “unified” platform for monitoring fleet assets.

According to the terms of the agreement, MAN will begin deliveries of ‘TGX’ heavy-duty trucks to Gartner this summer, in batches of up to 350 units per year until the end of 2028.

Allman succeeds Newlin, who has held the chair of the board since 2020 and has reached the corporation’s mandatory retirement age.

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.

Phillips has launched three different kits for retrofitting its ‘Rear-Vu’ range of cameras for Class 8 trucks and trailers.

The joint initiative plans to launch its first 2.5 MWh energy storage system in the UK by the final quarter of 2025. This system will utilise retired Forsee Power batteries, transforming them into a resource for grid support and renewable energy integration.