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Volvo EV Bus Planned for Brazil in 2023
Volvo’s EV bus is now in the homologation phase in Brazil. Initially it will be produced in Sweden, with plans to be produced in Brazil for the South America market. The Curitiba plant engineering has participated significantly in the Bus Development.
Source: Automotive Business Read The Article
PSR Analysis: Volvo adapt its line-up to compete in the Brazil and South America market that will demand significant part of the volume for the EV models. It is slightly behind Mercedes…
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Brazil Highway Implement Registrations Continue High
BRAZIL/SOUTH AMERICA REPORT
July registrations of implements (trailer and over-chassis) reached 13,133 units, above the January to May average of 12,500 units. ANFIR (National Association of Road Implement Manufacturers) forecast is to reach 165,000 unit registrations, slightly above the 163,000 registered last year.
Source: Automotive Business Read The Article
PSR Analysis: The trailers and over-chassis implement supply chain has fewer constraints than the Truck…
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Brazil Government Announces US$ 65 Billion Agriculture Funding Plan
The Brazil government announced June 29 the new Safra Plan for 2022/2023 with a total of R$ 340 Billion (US$ 65 Bi) to fund business related to Agriculture, including Agricultural Machines and Trucks for product transportation. The amount is 36% higher than the previous year plan.
Source: Automotive Business Read The Article
PSR Analysis: While the volume of funds is higher, the interest rates are also higher. In addition, the prices of agricultural supplies are higher…
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Mercedes Makes Fourth Production Shutdown in Brazil
BRAZIL/SOUTH AMERICA REPORT
Despite high demand, Mercedes announced its fourth temporary production stop at the plant in São Bernardo do Campo-SP, from July 4-15. In the announcement, Mercedes mentions the shortage of components and its effort to work with the supply chain to meet commitments with customers.
Source: Automotive Business Read The Article
PSR Analysis. The shortage of components, particularly semiconductors, is taking longer than expected and is affecting…
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Brazilian Marcopolo Launches H2 Bus in Australia
Fabio Ferraresi Brazilian-based Marcopolo has expanded its product line of renewable and zero-emission fuels. Volgren, a company owned by the Brazilian manufacturer, is Australia’s largest bus producer. It has signed an agreement with Wrightbus, an Irish bus manufacturer, and market leader with Hydrogen technology in Europe, to develop and launch hydrogen fuel cell-powered buses for the Australian market.
The first units of the Volgren-Wrightbus are expected by early 2023. The vehicles will be the…
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Trailers with Electric Drive Axle Authorized in Brazil
BRAZIL/SOUTH AMERICA REPORT
Heavy vehicles using electric axle systems in the trailer now can be driven on Brazilian Roads, following approval by the National Traffic Council (Contran) at its meeting in May.
Suspensys, a Brazilian company part of Randon group launched the product at Fenatran of 2019, but only now has it been approved by traffic authorities.
Source: M&T Magazine Read The Article
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Komatsu Announces Expansion in Brazil
BRAZIL/SOUTH AMERICA REPORT
Fabio Ferraresi Komatsu announced planned investment of US$ 30 million (R$ 158 M) for a second cycle of production capacity expansion of its Suzano Plant in Brazil. According to Komatsu, production capacity will be increased 26%. Komatsu has invested US$ 20 million (R$ 100 M) during the last three years for 32% capacity expansion and improvements in safety and environmental impact.
Source: M&T Magazine Read The Article
PSR Analysis:…
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Agrishow 2022 Sells US$ 5 Billion in Ag Equipment
Following two years with the show canceled because of COVID-19, the 2022 edition of the biggest agricultural segment trade show reached US$ 5.5 Billion (R$ 11.2 Billion) in equipment sales, including Agricultural Machines, irrigation equipment and storage equipment. A total of 193,000 people visited the show, including our team of PSR representatives in South America. This year’s sales are 287% over the R$ 3.9 Billion sales posted in 2019.
Source: Info Money Read The ArticlePSR Analysis:…
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Fleet Renewal Program Goes Live in Brazil
BRAZIL REPORT
Fabio Ferraresi The Brazil Government has published a law starting the Truck and Buses Scrappage Policy, aiming to renew fleets, increase productivity and efficiency, reduce emissions and improve safety. Depending on the effectiveness of the program, it may affect the MHV market. See complete article translated in our webpage and the original from Automotive Business.
Source: Automotive Business Read The Article
PSR Analysis: The launch of the Renovar program is a positive…
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Tupy Acquires MWM in Brazil
The Transaction involving the Brazilian Tupy and the subsidiary of Traton Group is around US$ 186 Million and it is approximately four times the 2021 EBITDA of MWM, with revenue of US$ 580 million.
Source: Info Money Read The Article
PSR Analysis: Tupy has been demonstrating its willingness to invest in engine research and development for cleaner propulsion and alternative ICE propulsion with Hydrogen and other alternative Fuels. With the knowhow and facilities of MWM added to Tupy,…
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