UK-based global conglomerate SRAM and MRAM Group recently signed an historic association with Csepel Holding Nyrt, Hungary, to become the world’s largest bus manufacturing conglomerate. This agreement would enable both the industrial giants to synergise their strengths and help produce smart and cheap buses in the electric vehicle (EV) segment. With Csepel and SRAM signing multiple agreements with various governments across the globe to produce and operate buses on the BOOT model, the future looks strong and bright for the joint venture. The initiative would help developing economies to utilise the expertise of the conglomerate to ensure they are enabled to use the BOOT business model of the cash-rich conglomerate and become active participants of the green revolution.
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