Early electrification of van contract hire boosts sales and profits for Novuna


Novuna Vehicles Solutions said its commitment to driving the UK’s electric vehicle transition resulted in record pre-tax profits of £54.2m. The company, part of Mitsubishi HC Capital UK, also saw revenues increase by 18.7% to £883.9m in the year ending 31 March 2022. It said new customer acquisitions helped the business defy industry trends, which included a decline in vehicle production due to the semiconductor shortage. During the period, Novuna experienced an 8% expansion in its contract hire fleet, with […]