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Union Budget Push To Expand Highways and EVs
INDIA REPORT
Aditya Kondejkar The 2022-2023 Budget is focused on building long-term strength using investment as the growth lever while maintaining policy stability and inclusivity. The 35% increased capex outlay, major infrastructure projects like 25,000 km road construction, 100 Cargo terminals, Project GatiShakti, 5G network, optic fiber cable laying and the recent PLI schemes are major positives.
Source: Auto Guide India Read The Article
“The blueprint of a digitally enabled, Aatmanirbhar Bharat, coupled with measures that will drive sustainable yet inclusive growth at a rapid pace for the next twenty-five years. These are the bedrock of the proposals announced in the Union Budget 2022-23, as we redefine our economy in a post-pandemic world. Setting the direction for creation of urban fossil fuel free zones, policy for battery swapping and energy as service and incentives for creating a vibrant start-up eco system, India could soon emerge as a fore-runner of green mobility solutions for the world” – Sunjay J Kapur, President ACMA (Automobile component manufacturers association of India)
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Doosan Bobcat Aims at NA Market with Fully Electric T7X
SOUTH KOREA REPORT
Doosan Bobcat unveiled the world’s first fully electric construction equipment to the global market through CES 2022, the world’s largest technology exhibition.
Doosan Bobcat held a media day event at the Mandalay Bay Convention Center in Las Vegas to introduce the T7X, which won two CES 2022 Innovation Awards.
The T7X is the world’s first fully electric construction equipment that eliminates all hydraulic components. It is comparable in performance to existing internal combustion engine equipment and emits no harmful substances. Noise has been greatly reduced to one-tenth the level, and energy efficiency has been maximized.
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North American Rollers 2021 Production: 6,245 Units
DATAPOINT
6,245 units is the estimate by Power Systems Research of the number of rollers to be produced in North America (U.S., Canada and Mexico) during 2021.
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.
Market Share: With 48.5% of total units produced, U.S. based Wacker Neuson leads in production of Rollers…
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Global: Recovery Is Strong, but Uneven
GLOBAL REPORT
Yosyf Sheremeta SUMMARY. The global economy performed very well in 2021 and continues to recover, along with trade, employment and incomes. But the revival is unbalanced, with regions/countries, businesses and people facing very different economic realities. Recent improvements also conceal structural changes, which means that some sectors, jobs, and technologies will not return to their pre-pandemic trends. Based on the most recent economic developments and trends, Power Systems Research remains somewhat optimistic about the global recovery.
Many of us hoped to be in the post-Covid phase by now, but it is evident that there is no quick way out. The pandemic has had a profound impact on the world economy, and it will continue to challenge established norms of life and business into the foreseeable future. As we start the new year, many challenges remain, new and old alike: re-surgency of COVID variants, restrictions on travel, supply chain challenges, shortages of materials/goods, inflation, and employment, as well as renewed geopolitical tensions across many parts of the globe.
Power Systems Research witnessed a strong economic recovery globally in 2021, despite regional differences. Output in most OECD countries has now either surpassed or is about to reach pre-pandemic levels, but lower-income economies, particularly those where vaccination rates are low, are at risk of being left behind. Furthermore, the rebound will continue to vary widely among different market segments.
Global inflation re-surfaced in 2021 and presents a real risk to economic recovery in all regions. The renewed inflationary pressure risks lasting longer than was expected a few months ago. The surge in retail and wholesale energy costs in late 2021 will undermine economic growth prospects for large parts of Europe and Northeast Asia well into 2022. Rising food and energy prices already have impact on low-income households in particular.
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Global Economy On the Path To Economic Recovery, Despite Increased Uncertainty
Yosyf Sheremeta The global economy is on a healthy rebound trend, but issues with supply chain, logistics and the re-surgency of COVID-19 during Q3 2021 remained. Power Systems Research witnessed a strong economic recovery globally in H1 2021; however, many challenges still remain. The rebound will continue to vary widely among different regions/countries, but a complete recovery is not expected until the global pandemic is under control. With some minor changes among regions and market segments globally, our overall forecast from last quarter remains in place, and that is good news to our industry players, OEMs, powertrain, and component suppliers.
The global economic performance last quarter was in line with our initial projections from earlier this year. As we projected last quarter, we did not expect any rapid economic recovery in H2 2021, however, we continued to witness a steady increase in economic activities. During the last quarter of 2021 Power Systems Research expects this trend to remain in place.
Government support in the form of fiscal policies and public health management are driving the economic rebound and largely explain variations in performance across countries. With the targeted monetary support to consumers and certain industries, the demand for products and services globally is coming back, and we expect this trend to carry over into Q1 2022.
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CNH Acquires Sampierana SPA
Emiliano Marzoli CNH Industrial has purchased Sampierana S.p.A. an Italian construction equipment and components manufacturer. The deal totals €101.8 million and will allow CNH to control 100% of Sampierana within the next four years.
“This latest strategic acquisition will further accelerate the profitable growth of our construction equipment business. Sampierana’s exceptional portfolio solidifies our presence in critical market segments and provides our dealers and customers access to industry-leading products backed by our brand, distribution, and manufacturing experience,” said Scott Wine, Chief Executive Officer of CNH Industrial.
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Automechanika Fair Shows CV Parts
Maxim Sakov MOSCOW–MIMS, also called Automechanika, is a trade show dedicated to automotive parts and components, automotive electronics and service/repair.
The fair was conducted this year at the Moscow Expocenter July 23 to 26.
Automechanika is a small local event. However, this year there were about 400 participants from 18 countries. The biggest delegations were from Russia and Turkey. There were companies from UK, India, Spain, Italy, Iran, UAE and other countries.
Among largest foreign participants…
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DataPoint: US Crawlers, 2021 Production: 4,100 Units
Today Joe Delmont presents the 2021 forecast for Crawler production in North America. This forecast has been developed by Carol Turner, senior analyst of global operations, at Power Systems Research. Carol provides annual production forecasts for important equipment applications.
4,100 units is the estimate by Power Systems Research of the number of crawlers to be produced in North America in 2021.
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.
Market Share: With combined plant totals of 55% Caterpillar leads in production of crawlers in North America. In second position is Deere with 31.5%; third, is Case with 10%.
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Sinara May Dismiss 20% of Workers Because of Reduced Orders
Maxim Sakov The machine building company “Sinara – Transport machines” (STM), says it may be forced to dismiss 20% of personnel because it has lost most of its orders from Russian Railways for cranes and other railway service machines.
Sinara has lost 85% of the orders from Russian Railways for railway service machines. Because of decreasing orders from the railway monopoly, the main client of STM, 7,000 people on its plants have not worked since August. The total personnel number in STM is 32,000 people, so about 20% of its personnel is questionable. Now, the company is looking for a way to re-qualify these people
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KAMAZ Introduces Hercules Articulated Truck
The first pictures of the new KAMAZ articulated mining truck have been published, showing a configuration of the truck with a 6×6 chassis. It will compete with the Caterpillar 740 and Volvo A40F.
The articulated frame will increase maneuverability and off-road characteristics of the truck. Hercules will be equipped with a hybrid powertrain. The new truck will use a KAMAZ R6 engine of 450 hp, and the nominal output of every electric motor will be 517 hp. The load capacity of Hercules is 40 tons, and the full weight is 75 tons. A light option with 4×4 format and 25-ton capacity are also in the plans.
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