CHENNAI: FPT Industrial, the global powertrain brand of Iveco Group, is set to acquire a minority stake in Pune-based Blue Energy Motors, a zero-emission truck technology company.
“While the association is currently focusing on natural gas fuel applications, the two companies with strategic agreement in place will closely work on future technology deployments in the areas of electrification of heavy-duty trucks,” said a company statement. The company did not disclose the deal size.
The strategic partnership with FPT Industrial will be a significant development for Blue Energy Motors. The company, which launched India’s first LNG- fuelled truck at its recently inaugurated plant in Chakan on September 12, has maintained that EVs will be one of the sustainable solutions towards reducing pollution caused by the commercial vehicle sector.
