Mumbai, Dec. 4 -- European commercial vehicle major Traton and the European Investment Bank (EIB) have signed a EUR 500 million long-term loan agreement at favourable terms to support the Traton Group's research and development for the Traton Modular System (TMS).

The TMS is a global, cross-brand modular platform designed to harmonise vehicle development and production across Traton brands like Scania and MAN. Its standardised interfaces allow for economies of scale, reduce costs and enable specific solutions for customers. The system promotes scalability, cost efficiency and flexibility while supporting innovation and sustainability.

This funding is intended to drive the transformation of Europe's heavy-duty vehicles sector and support...