Iveco will supply engines for LNG-powered trucks to Blue Energy Motors in India

Banners bearing the Iveco Group logo hang outside the Milan Stock Exchange (Italian stock exchange) on the day truck maker Iveco Group starts trading there, in Milan, Italy January 3, 2022. REUTERS/ Daniele Mascolo/

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MILAN, July 12 (Reuters) – Truckmaker Iveco Group (IVG.MI) said on Tuesday that its engine unit FPT Industrial has signed an agreement with Blue Energy Motors, an Indian start-up developing clean-energy trucks, to supply liquefied natural gas engines. LNG-powered trucks.

FPT will supply 6.7-liter engines, Iveco said in a statement, adding that Blue Energy Motors’ LNG trucks, which are expected to hit Indian roads by the end of this year, will be the first to be powered by such a technology in the country.

He did not provide any financial details about the deal.

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The Italian group will provide “several thousand engines at startup”, said a person familiar with the matter.

Iveco, one of the market leaders in liquefied and compressed natural gas technologies for commercial vehicles, said the agreement was the first step in a potential long-term partnership to take advantage of the specific characteristics of the Indian market of the commercial transport, with approximately 3.5 million trucks on its routes. and carbon emission standards are getting stricter.

The engines will initially be produced at FPT Industrial’s plant in Turin, Italy, which specializes in this type of mid-displacement engine, Iveco added.

Commenting on the deal, Iveco Powertrain Business Unit Head Sylvain Blaise said the group wanted its “advanced technologies to play a key role in supporting the green transition of one of the largest automotive markets in the world. “.

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Reporting by Giulio Piovaccari, editing by Tomasz Janowski

Our standards: The Thomson Reuters Trust Principles.

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