FPT Industrial

FPT is an Italian multinational designer and manufacturer of transmissions, axles, diesel and petrol engines that was established in March 2005 as a Fiat Group division which included all the activities related to powertrains and transmissions. The company was formed following the dissolution of the alliance between Fiat and General Motors. Between 2005 and 2011, the company also included industrial and commercial powertrain activities that were subsequently spun off as a separate entity named FPT, which is currently an Iveco Group brand. In 2022, FPT announced acquisition of minority stake in Indian alternate fuel powered commercial vehicle manufacturer Blue Energy Motors. Blue Energy Motors launched India's first LNG HCV which had FPT powertrain. The same FPT N67 engine was also used in the New Holland T7 concept tractor. The company has activities in nine countries, it has 10 plants and around 20,000 employees. With output of around 2.9 million engines and 2.4 million transmissions and axles annually, FPT is one of the largest companies in the powertrain sector.