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Tata Motors takes over Iveco Group for €3.8 billion

Tata Motors and Iveco Group have announced an agreement that will lead to the creation of a global commercial vehicle manufacturer, with transaction to be concluded by Q2 2026. The transaction, valued at approximately EUR 3.8 billion, involves a voluntary tender offer by Tata Motors for all common s...

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Research forecasts 11-13% electric bus sales by 2025 in India

A share between 11 and 13% of new bus sales in 2025 are expected to be electric in India, according to a recent research by investment agency ICRA Limited. The penetration of zero-emission buses stood at 5-6 per cent during the first half of 2023. The Indian e-bus market witnessed a growth of 65% in...

Tootbus engages Magtec to repower 15 open top buses in London

Tootbus has engaged drive systems specialist Magtec to repower a fleet of 15 open top double-decker buses for its sightseeing services in central London. Tootbus (RATP Group) aims to have a fully electric fleet by 2030 in line with the Mayor of London’s net zero ambitions for the capital. Tootbus op...
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