Second Wave of COVID-19 Hits India Commercial Vehicle Market

News: COVID-19

2021-10-03

Second Wave of COVID-19 Hits India Commercial Vehicle Market

Motorindia-May_2021Download
Aditya Kondejkar

The second wave of COVID-19 has put the brakes on a rebound in India’s commercial vehicle market, reports Aditya Kondejkar, Power Systems Research Analyst for South Asia Operations, in the May 2021 issue of Motorindia magazine.

Kondejkar notes that the second wave of the pandemic has caused shortages of semiconductors and steel as well as weaker consumer demand. These forces have pushed commercial vehicle production down nearly 60% month-on-month (MoM) in April.

Kondejkar points out that the India CV market witnessed a strong performance in 2018 with more than 1.13 million
units produced, owing in large part to GST implementation and replacement demand. In 2019, however, the Indian CV market began shrinking as it faced headwinds from revised axle load norms, vehicle over-capacity, BS-VI transition, and a liquidity crunch.

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2021-08-24

Sales of Agriculture Machines in Russian Increase 50%

The Russian market for AG machines has increased by 1.5 times during the first six months of this year, reaching 93.9 billion rubles (US$ 1.27 billion). Production volume has increased by 45% to 112.7 billion rubles (US$ 1.54 billion).

The largest growth has been in the output of plows, climbing to 1,800 units and AG tractors – by 43% to 2,800 units. Production of sprayers has increased by 37.3% to 953 units. There has been a modest gain in production of grain combines, increasing 10.2% to 3,800 units, and self-propelled mowers, gaining 2.6% to 228 units.

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2021-08-22

COVID-19 Variant Disrupts Supply Chain

Akihiro Komuro
Akihiro Komuro

In Southeast Asia, where the delta variant of the COVID-19 is spreading rapidly, business activities are becoming stagnant. In response to government regulations and the rapid increase in the number of infected people, major Japanese companies such as Toyota and Panasonic have suspended production at some of their plants. In addition to the decline in local sales, the disruption of the supply chain has also affected production in Japan.

Toyota has sequentially shut down all three of its plants in Thailand since July 20. The company has not yet decided when to resume operations because it has been unable to procure parts due to an outbreak of infection at one of its customers’ plants. Honda also shut down one of its plants in Thailand from August 3 to 5.

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2021-08-21

Komatsu Invests in Production and Service Center in Pará

Fabio Ferraresi
Fabio Ferraresi

Since 2020 Komatsu has been investing in Parauapebas, in the state of Pará in Northern Brazil, for a new facility that will provide maintenance for equipment and produce new equipment. The General Manager of the Mining Division for South America, Charles Medeiros says the unit will produce products for all regions in Brazil and for export.

Source: Automotive Business     Read The Article

PSR Analysis: Pará is an important region for mining where companies like Vale are located and demand for local support, especially for maintenance and spare parts availability, is significant. The total investment announced is less than US$ 8 million and it is small investment for high volume production. It’s most likely that the plant will only assemble CKD units for mining operations in that region.  PSR

Fabio Ferraresi is Director Business Development South America, for Power Systems Research

2021-06-27

Second Wave COVID Will Have Limited Impact on India Ag Sector

Aditya Kondejkar

“COVID-19 cases started spreading in the rural areas with the beginning of the month of May, and agriculture activity in the month of May is bare minimal, particularly land-based activities,” says Niti Aayog Member (Agriculture) Ramesh Chand.

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PSR Analysis: The second wave of COVID-19 started spreading in the rural areas in May 2021, but agriculture activities in May are minimal, and are mainly land-based activities. Agri activities peak in March or the middle of April, after which it drops significantly and again peaks with the arrival of monsoon.

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2021-05-03

Pandemic Reduces Moscow 2021 Oil and Gas Show

Maxim Sakov
Maxim Sakov

MOSCOW–The recently-completed Neftegaz (the International Exhibition for Equipment and Technologies for Oil and Gas Industries) trade show held at the Moscow Expocenter was smaller than in the past. This fair is conducted every two years and is a largest local event in the oil and gas industry. This year’s fair was held April 26-29.

It’s a small trade show, and it was even this year than in past years. The number of participants was down from 550 to about 400 companies representing 18 countries. The largest delegations (besides Russia itself) were presented by Germany and China. Germany has set national expositions on the fair.

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2021-04-25

KAMAZ Net Profit Exceeds US$ 20 Million

KAMAZ has reported a net profit of (more than US$ 20 million (1545 million Rubles) for 2020. KAMAZ reported revenue for 2020 of US$ 2.47 billion (185.8 billion Rubles), an increase of more than 16% over 2019. This growth is based on domestic truck sales, the introduction of the K5 range, and an increase in bus and electric bus sales.

Despite the COVID pandemic, in 2020 KAMAZ secured positions in the market and has claimed the status of leading Russian heavy vehicles supplier. The company claims a leader position in the 14+ ton truck market in Russia with a share of 47.5%, up 3.3% over 2019.

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PSR Analysis: Of course, State support measures are a big part of this success. Still, domestic truck and bus production has demonstrated good survival potential even in a major pandemic. PSR

Maxim Sakov is Market Consultant – Russia Operations, for Power Systems Research

2020-12-01

PSR/JCB Power Systems Construction Outlook Webinar

On November 30th, Power Systems Research with JCB Power Systems presented a webinar providing the 2021 outlook for construction equipment production and engine emissions trends in North America, South America and Europe.

The presentation included the latest information on COVID-19 impacts on construction equipment production. JCB Power Systems provided details regarding emissions in developing engine technologies that are coming to market across the globe.

2020-11-19

Power Systems Research and JCB Power Systems Offer Construction Equipment Outlook Webinar

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On Monday, Nov. 30, 2020, at 9:00 am CST, representatives of two leading international firms will present a free one-hour webinar discussing the construction outlook in Europe and North and South America.

During the session, Power Systems Research and JCB Power Systems will present the latest information on the impact of COVID-19 on construction equipment production. JCB will provide details on emissions in developing engine technologies that are coming to market across the globe.

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2020-10-28

DATAPOINT: US Shredders, 2020 Production — 68,200 Units

The 68,200 units is the estimate by Power Systems Research of the number Shredders to be produced in the U.S. in 2020.

This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.

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