2025-10-24
In the October 2025 issue of the Alternative Power Report produced by Power Systems Research and authored by Guy Youngs, you’ll find articles on carmakers meeting EU emission requirements; India’s electrification of motorcycles, US tariffs on China rare minerals, and items on hydrogen power. Read the October Alternative Power Report today. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
2025-10-22
Jack Prince has joined Power Systems Research as a business development manager. He’ll be working out of the Ann Arbor, MI, office. Jack brings over 25 years of business development and commercialization experience to the global automotive and mobility industries. He uses research and data to help clients identify market opportunities and improve business efficiency while enhancing product performance.
Jack has advised emerging ventures on market discovery, product strategy, and investor engagement. His experience includes supporting global ventures in electromechanical systems, radar and sensor technologies, structural plastics, SaaS platforms, and vehicle access solutions.
Jack holds a Bachelor of Science in Business Administration and is currently completing an Executive MBA at Michigan State University. PSR
2025-10-21
St. Paul, MN— The Power Systems Research Truck Production Index (PSR-TPI) decreased from 117 to 107, or -8.5%, for the three-month period ending Sept. 30, 2025, from Q2 2025. The year-over-year (Q3 2024 to Q3 2025) loss for the PSR-TPI was, 109 to 107, or -1.8%.
The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.
This data comes from OE Link™, the proprietary database maintained by Power Systems Research.
2025-10-20
In China this year, green construction machinery is seeing rapid growth, and demand across multiple scenarios is becoming unmistakable. EVE Energy is delivering full-scenario solutions for earthmoving equipment, aerial work platforms and specialized machinery. After six years of shipments in the construction-machinery segment, EVE Energy now ranks second nationwide; individual vehicles have logged more than 16,000 operating hours, and the company’s products are fitted to over 60 OEMs including LiuGong, SANY and Lingong.
According to data from the Construction Machinery Association, domestic sales of new-energy construction equipment are expected to surpass one million units by 2028, and the incremental market for green machinery is opening up rapidly—yet pain points remain: bulky batteries, short cycle life and complex assembly.
2025-10-19
INDIA REPORT
The Indian automobile industry has received a significant policy boost with the rollout of GST 2.0, a major change in indirect taxes aimed at restoring affordability and stimulating consumption. The reform, which reduces GST rates on vehicles and components, arrives at a crucial juncture when entry-segment sales, rural demand, and OEM margins have been under pressure.
Scale of reduction and market impact. GST 2.0 lowers the rate on small cars and two-wheelers from 28% to 18%, while standardizing the rate on most auto components at 18% instead of the earlier 18%–28% range. Larger SUVs and luxury models now fall under a simplified 40% composite slab, down from nearly 50% earlier. These changes translate into tangible price cuts—ranging from $750 USD (₹65,000) for hatchbacks to over $3,400.00 USD (₹3 lakh) for premium models—resulting in an estimated 10-percentage-point drop in overall tax burden for the sector. Analysts see this as a long-awaited correction that could lift FY26 passenger-vehicle demand by 8–10%.
INDONESIA REPORT
In October 2025, LiuGong Indonesia, the Indonesian subsidiary of the Chinese construction machinery manufacturer LiuGong, signed a memorandum of understanding regarding its investment plan for an industrial zone. The new factory in Karawang, which is expected to begin operations in 2026, will have an annual production capacity of 5,000 units and will require a total investment of $317 million. The factory will incorporate AGVs, MES and a dedicated R&D center for electric construction machinery, advancing the adoption of advanced technologies.
Through partnerships with local suppliers, the company aims to increase its TKDN (local content requirement) and achieve certification within five years. Products will be exported to the domestic market, as well as to Southeast Asia, Australia and North America, with an expected annual foreign exchange earnings effect of $40 million. LiuGong views this investment as a contribution to strengthening Indonesia’s heavy equipment industry ecosystem and supporting sustainable development.
The U.S. Department of Commerce has announced tariffs of up to 50% on 407 steel and aluminum derivative products from South Korea.
The department’s Bureau of Industry and Security said this measure would apply to hundreds of products, including wind turbines and their components, mobile cranes, bulldozers, railway vehicles, furniture, compressors and pumps.
JAPAN REPORT
Kawasaki Heavy Industries has launched a generator engine that runs on a mixture of natural gas and hydrogen. It can operate using a hydrogen blend of up to 30% by volume relative to natural gas. This is the world’s first product of its kind to be launched.
The newly launched ‘Hydrogen-Blended Gas Engine’ is based on existing natural gas-fueled power generation engines. Due to the explosion risk posed by hydrogen, it is equipped with safety devices and mechanisms to remove residual hydrogen from piping. The engine can also run on a fuel blend of city gas and hydrogen.
When blended with 30% hydrogen, an 18-cylinder model operating at 50 Hz has a power output of 7,800 kilowatts. Kawasaki Heavy Industries is expanding its product range to include hydrogen supply network products.
Source: The Nikkei
PSR Analysis: Using existing natural gas power generation facilities while transitioning to hydrogen utilization is expected to reduce customer investment risk. This approach is likely to attract the attention of infrastructure companies and local governments in domestic and international energy transition markets, particularly in Asia and Europe. It aligns with Japan’s policy of promoting a ‘hydrogen society’, and its adoption in public projects is anticipated.
However, resolving challenges in the fuel supply network, such as hydrogen cost and stable procurement, will be key to the speed of adoption.
Kawasaki Heavy Industries will enhance its brand value across the entire shipbuilding, power generation and hydrogen supply chains, thereby strengthening its position as a comprehensive energy company. In the medium to long term, market expansion is anticipated as a stepping stone towards full hydrogen combustion. PSR
Akihiro Komuro is Research Analyst, Far East and Southeast Asia, for Power Systems Research
São Paulo– This year’s Paving Expo, held Sept. 23–25 at São Paulo’s Distrito Anhembi, marked another record edition for Latin America’s largest event dedicated to paving, road construction, and infrastructure technologies.
With all exhibition space sold out, more than 300 companies showcased their solutions to an audience expected to surpass 20,000 industry professionals, while the technical congress (Paving Conference) attracted some 4,000 delegates.
Mahindra Brazil has started construction of its new manufacturing facility in Dois Irmãos (RS), supported by an investment of around US$ 17.5 million over five years. The new plant will cover 89,000 m², with 38,568 m² built and an expansion potential of 24,000 m², tripling production capacity from 3,000 to 9,000 tractors per year. The project is expected to create about 300 direct and indirect jobs and marks Mahindra’s transition toward a more localized industrial base in Brazil.
Source: Cultivar Read The Article
PSR Analysis. Mahindra’s new plant marks a strategic localization milestone: the company is investing in production capacity, as well as in brand legitimacy. By positioning itself as a Brazilian manufacturer with Indian heritage, Mahindra mitigates the “low-cost foreign brand” perception and strengthens its long-term competitive base in the Southern Cone agricultural machinery market. It also brings opportunities for components suppliers to increase the local content in the equipment and allow access to funding lines like FINAME. PSR
Fabio Ferraresi is Director, Business Development, South America, for Power Systems Research
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