Medium and Heavy Vehicles

  • Foton Announces Electric Truck in Brazil

    After adding 28 Ford dealers to bring its dealer total in Brazil to 38 dealers, the Chinese giant is preparing to introduce an EV to i its new lineup in H2 2021. It plans to add trucks in the 17 ton – 24 ton range for 2022, the most popular in Brazil. In addition to the EV and Diesel Trucks, Foton will evaluate the potential for a CNG Trucks for launch after the EV, but it has shorter term potential for higher volumes.

    Source: O Estado de São Paulo      Read The Article

    PSR…

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  • PowerTALK™ News, February 2021

    Chris Fisher, senior commercial vehicle analyst at Power Systems Research, provides a forecast in the February 2021 issue of PowerTALK™ News for MHV. 

    Here are more articles in this issue:

    North America: Electric MotorcyclesDataPoint: Global SnowmobilesEurope: Volvo Penta Plans Zero EmissionsSouth America: Brazil Vehicle Exports Up 22%Taiwan: Innovation Powers Gorgoro NetworkJapan: Honda Launches Electric BikeSouth Korea: Hyundai Offers Custom EVsIndonesia: New Tesla Investment?India:…

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  • KAMAZ Intends To Double Production of Electric Powered Buses

    In 2020, NEFAZ, a subsidiary of KAMAZ, made 202 electric buses. In 2021, it plans to double the production of this innovative transport.

    Today, in Moscow has 400 working KAMAZ electric buses, half of which were supplied during 2020. “We can make machine, which became tech leader on domestic market. We could enter Moscow passenger transport market. It changes the scale of the business and our respect to own product,” says KAMAZ general director Sergey Kogogin.

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  • Transmash-Holding Purchases Rolls-Royce Plant in Norway

    TMH-international, the international division of TMX, has agreed to purchase the British Rolls-Royce Group engine plant in Bergen, Norway. The plant makes Bergen diesel and natural gas engines.

    Bergen includes metal processing, assembling, precise casting, repair workshops, design bureau and service network in seven  countries.

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  • Union Budget 2021 Misses Mark for Autos

    Aditya Kondejkar

    The Union Budget 2021 is very important since it comes during an unprecedented pandemic. The most significant pain points of the economy are the lack of demand and liquidity. The shrinking market’s impact and the weak demand is evident after the Economic Survey said that the country would experience a current account surplus for the first time in 17 years.

    The automotive industry is the key stakeholder of the country’s economy. It suffered extensive sluggishness in the past 10-12 quarters after introducing GST, the new safety norms, insurance regulations, axle, and emission norms. These led to a hefty increase in purchase costs. The industry was waiting for direct announcements to reduce purchase cost and improve customer sentiment

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  • Honda Launches Electric Bike for Business

    Honda announced the “GYRO e:” and “GYRO CANOPY e:” as planned commercial models of electric three-wheeled scooters for business use that use replaceable batteries. The new models will be marketed as the Honda e: Business Bike series together with the BENLY e: business electric two-wheeled scooter, which has been sold to corporate customers since April 2020.

    The GYRO series will be used in many business applications such as deliveries. The GYRO series is a three-wheeled model with one wheel in the front and two in the rear to increase stability, and there is also a “CANOPY” model with a roof and wipers that can handle a little rain.

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  • Vehicle Exports from Brazil Grew 22% in January

    Fabio Ferraresi
    Fabio Ferraresi

    With 25,000 units shipped in January 2021, exports of vehicles grow 21.9 % compared with January 2020 and 24.2% compared with December 2020.  The volume surprised ANFAVEA, which was expecting worse numbers because of the effects of the pandemic in the South American Countries, traditional destinations for Brazilian vehicle exports.

    Read The Article

    PSR Analysis: This result is positive compared to our initial forecast of a slow recovery of South American countries. On the other…

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  • Truck News: Ask The Expert

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    Chris Fisher
    Chris Fisher

    What changes do you see in the PSR Truck Production Index in the fourth quarter compared to the third quarter of 2020?

    Overall, we are seeing stronger momentum for commercial truck orders and sales which bode well for production in Q1 2021.

    Supply chain issues will impact short term production as companies are still having difficulty with staffing numbers and various virus protocols that disrupt production. These problems are expected to continue throughout at least the first half of the year.

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  • Semiconductor Shortage Forces Automobile Production Cuts

    Aditya Kondejkar

    Officials at Volkswagen, Ford, Fiat Chrysler, Toyota and Nissan all say they have been hit by the shortage and have been forced to delay production of some models in order to keep other factories running.

    A widening global shortage of semiconductors for auto parts is forcing major auto companies to halt or slow vehicle production just as they were recovering from pandemic-related factory shutdowns.

    “This is absolutely an industry issue,” Toyota spokesman Scott Vazin said in an email. “We are evaluating the supply constraint of semiconductors and developing countermeasures to minimize the impact to production.”

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  • Italy’s CNH and China’s FAW in Talks Over Truck Maker Iveco

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    CNH Industrial is in talks with China’s FAW over the future of truck maker Iveco, the Italian-American group said recently after sources told Reuters it had revived previously aborted negotiations.

    Source: Reuters    Read The Article

    PSR Analysis: Another positive development in the industry during such a gloomy crisis, FAW fits the merger success story I just mentioned about the few surviving companies.  There are for sure many challenges ahead with the acquisition, particularly…

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