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
Jun 16, 2017
Milestone for BharatBenz in India
Date: June 15, 2017
Diesel Progress Magazine
Daimler said it has reached the milestone of 50,000 BharatBenz trucks on Indian roads in less than five years after the start of the brand.
Less than five years after its market introduction, Daimler India Commercial Vehicles said it has reached a production milestone with 50,000 BharatBenz trucks on Indian roads, with thousands more exported to more than 30 markets.
BharatBenz, the Indian commercial >Read more
May 24, 2017
May 22, 2017--The Indian CV Industry is expected to register good growth numbers across different segments, driven by the slew of forward-looking changes taking place in the market.
The M&HCV (truck) segment is likely to register a growth of 6-8% >Read more