Nov 13, 2018
Tata Motors Commercial Vehicles (CV) domestic sales continued to grow in October 2018 at 39,420 units, higher by 22%, over last year October, led by the continued acceptance of the BS4 products. Cumulative sales for the fiscal (April-October 2018) at 271,907 have grown by 40% over last year same period.
PSR >Read more
Aug 27, 2018
Two-Wheel Forum sponsors conference:
Riding the World's Largest Two-Wheeler Market. What's Next on the Horizon?
WHAT: Road Ahead for 2020. The Two Wheeler Forum (TWF) is a conference dedicated to the Two Wheeler Sector in India. Attendees come from all corners of the Two Wheeler space (Two Wheeler Manufacturers, Auto Component Suppliers, Government, Auto Associations and more). TWF's 4th event for the automotive sector expects more than 250 senior level executives and more than 40 industry experts.
WHERE: The Leela >Read more
Aug 20, 2018
This article originally appeared in the July 2018 issue of the Power Systems Research PowerTALK report.
Volvo Eicher Commercial Vehicles (VEVC), a joint venture between Swedish automaker Volvo and Eicher Motors, is planning to invest Rs.500 crores this year for business growth and aims to increase truck volumes by 50% to meet the growing demand.
PSR Analysis: VECV has been a strong player in the Light-Medium Duty segment, and has focused on value- >Read more
Aug 20, 2018
To meet the sales target of 200,000 tractors by fiscal 2023, the company is focusing on new areas and developing new range of tractors.
PSR Analysis: Sonalika crossed one lakh units sales milestone in FY2017-18 and appears bullish on next level of growth by >Read more
Jul 29, 2017
SUMMARY: The poor performance of the CV industry in recent months is largely due to extraordinary events in the industry, rather than purely macro factors. However, sales of commercial vehicles are facing slow growth for several reasons, including major macro-economic changes. These have been driven by demonetization, emissions changes, GST (Goods & Service Tax – One Nation-One Tax), slowing replacement demand, weak industrial activity, rising diesel prices and overcapacity.
Impact of Demonetization
Demonetization impacted the second-hand CV market (a >Read more