FPT Industrial announces minority stake in Blue Energy Motors

FPT Industrial, a global brand of the Iveco Group, announces agreement for minority investment in Blue Energy Commercial Vehicles Private Ltd, a zero-emission truck technology company based in Pune, India, dedicated to manufacturing clean energy trucks under the Blue Energy Motors brand. Closing is subject to undisclosed conditions.

The move relates to the agreement announced in July to supply FPT industrial natural gas engines to Blue Energy Motors, with the aim of introducing the first heavy-duty liquefied natural gas (LNG) trucks on Indian roads by the end of this year. .

In early September, Blue Energy Motors officially opened its assembly plant in Chakan, Pune, India, and inaugurated its first fully manufactured vehicles.

The investment further demonstrates FPT Industrial's full support for Blue Energy Motors' growth in its ambitious plan to play a key role in India's decarbonization transition.

Although currently focused on Natural Gas fuel applications, the collaboration also foresees the possibility of future technology deployments in the area of ​​electrification.

"This development in our partnership is further proof of FPT Industrial's commitment to advancing innovative technologies for sustainable mobility. Our goal is to provide transportation solutions that enable customers around the world to run their businesses efficiently and profitably , respecting the environment. We are happy and proud to be able to do this with our valued partner, Blue Energy Motors, in such an important country as India", said Sylvain Blaise (pictured), President of the Iveco Group Powertrain Business Unit .

Anirudh Bhuwalka, CEO of Blue Energy Motors, said: "Strengthening our partnership with FPT Industrial will allow us to continue the development of the company and jointly pioneer new Powertrain solutions to embrace the path of energy transition - the common goal of both our companies."