Initially scheduled to begin Sept. 12, 2023, the auction of the federal program “Caminhos da Escola” was postponed indefinitely. A new date has not been set. The new stage, which provides for the purchase of 163,000 buses was eagerly awaited by chassis and body manufacturers, would have been delayed until 2024 because of the time needed for the production.
The reason is technical: according to the bidding notice published at the end of last month, important chassis manufacturers as Volvo and Merecedes would be excluded from the bidding process due to new certification demanded.
Source: Valor Read The Article
PSR Analysis: While the actual sales and registration will become effective only in 2024, part of the chassis will be produced in 2023. The volume will impact positively bus production and therefore the MHV market in Brazil. However, the program depends on the government to overcome bureaucracy and slowness to move with the long-awaited program. PSR
