Truckmaker Iveco Group mentioned its engine unit FPT Industrial had signed an settlement with Blue Energy Motors, an Indian start-up creating clear vitality vehicles, to produce engines for liquefied pure gasoline (LNG) powered vehicles.
FPT will provide 6.7-litre engines, Iveco mentioned in an announcement, including Blue Energy Motors LNG vehicles, that are anticipated to hit Indian roads by the top of this 12 months, would be the first powered by such expertise within the nation.
It offered no monetary particulars of the deal. The Italian group will provide “several thousands of engines at the start,” one particular person near the matter mentioned.
Iveco, one of many market leaders in liquefied and compressed pure gasoline applied sciences for industrial autos, mentioned the deal was step one in a possible long-term partnership to leverage the precise traits of India’s industrial transport market, with about 3.5 million vehicles on its roads and carbon emission requirements turning into extra stringent.
The engines can be initially produced at FPT Industrial’s plant in Turin, Italy, which specialises in one of these medium-displacement engine, Iveco added.
Commenting on the settlement, the top of Iveco’s Powertrain Business Unit Sylvain Blaise mentioned the group wished its “leading technologies to play a key role to support the ecological transition of one of the world’s largest vehicle markets”.
Source: www.financialexpress.com”