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
May 23, 2017
Electric Vehicles To Cut Fuel Costs by $60 Billion by 2030
Accelerated adoption of electric and shared vehicles could save $60 billion in diesel and petrol costs while cutting down as much as 1 giga-tonne (GT) of carbon emissions for India by 2030.
PSR Analysis: Leading EV manufacturers such as Tesla Inc. and Toyota Motor Corp. are showing interest in the Indian market and Nissan has announced plans to bring its best-selling EV Leaf to India. At the same time, the power and utility sector in India is rapidly changing: reducing dependence on >Read more
May 3, 2017
SC Bans Sale of BS-III Compliant Vehicles after April 1, 2017
In a major setback to the Indian automotive industry, the Supreme Court has banned the sale of Bharat Stage III (BS-III) vehicles after March 31, 2017. The automobile industry has an unsold BS-III vehicles stock of 8.24 lakh (824,000) units.
PSR Analysis: In the previous emission norms transition, the ruling mentioned a cutoff date for production and not for sale. In this ruling, the court changed its applicability to sales which perplexed the industry. Hence, all BSIII vehicles in >Read more