COMMERCIAL VEHICLES MARKET ANALYSIS
Global Commercial Vehicles Market: Key Developments
In June 2022, Ashok Leyland introduced the ecomet STAR 1115 CNG truck, with 360-480 liters of CNG cylinder capacity. The new vehicle offers one of the best single-fill range.
In June 2022, Ford announced plans to open a manufacturing unit in Ohio specially for the electric commercial vehicles of the company. It also revealed its plan of investing US$ 3.7 billion, which will add more than 6,200 new jobs at its manufacturing jobs at its plants in Missouri, Michigan, and Ohio.
In September 2021, Toyota Motor Corporation acquired Renovo Motors, a U.S. company based in the Silicon Valley involved in development of automotive operating systems.
In August 2022, Mahindra & Mahindra Ltd. Expanded its cooperation with Volkswagen Group. The companies made an agreement of supplying MEB electric components to novel electric platform of Mahindra called INGLO. This deal will be strengthen the partnering agreement of both companies from this year.
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