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  • PowerTALK™, May 2025

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    The May 2025 issue of PowerTALK™ News contains a report from Chris Fisher, Senior Commercial Vehicle Analyst, on layoffs in North American trucking business, an update on KTM’s restructuring efforts, a report on Agrishow 2025 in Brazil, and news of a development agreement between Toyota Motor and China Truck Group.

    IN THIS ISSUE

    ALTERNATIVE POWER REPORT

    • Volvo Announces World’s First Electric Articulated Hauler
    • Aeson Power Unveils Sodium Battery Products
    • IMO Votes First-Ever Global Carbon Price on Shipping
    • CATL Next Generation Batteries Coming Soon

    NORTH AMERICA REPORT: Layoffs Begin in the North American Truck Segment
    DATAPOINT: North America 2025 Production, Zero Turn Mowers
    SHOW REPORTS: Agrishow 2025: Innovations in Ag Equipment
    JAPAN:

    • Japan Engine Conducts Final Tests on Ammonia Marine Engine
    • Komatsu Reports $650 Million USD Impact of US Tariffs

    CHINA: China Truck Group, Toyota Motor Sign Development Pact
    INDIA: Evaluating Mahindra’s Acquisition of SML Isuzu PSR

  • 2025 NA Zero Turn Mowers Production

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    841,500 units is the estimate by Power Systems Research of the number of Zero Turn Mowers expected to be produced in the United States in 2025.

    Zero Turn Mowers are Zero-Turn Mowers are riding lawn mowers that have a turning radius that is effectively zero inches. Models are made for either residential or commercial applications.

    This product 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. PSR

    For details, download the complete report above.

    Carol Turner is Senior Analyst, Global Operations, at Power Systems Research

  • Agrishow 2025 Provides Equipment Innovations​

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    Fabio Ferraresi
    Fabio Ferraresi

    Agrishow 2025, held April 28-May 2, 2025, in Ribeirão Preto, São Paulo, confirmed Brazil’s leadership in Agricultural innovation. The show spotlighted sustainable tech, automation, and digital solutions, with both business and attendance increasing since the last show in 2024. The focus: boosting productivity, reducing environmental impact, and preparing for a tech-driven ag future.

    Four representatives of the Power Systems Research South America Office representatives attended the 30th edition of Agrishow, Latin America’s premier agricultural technology fair. The event showcased cutting-edge machinery, sustainable solutions, and the latest in precision agriculture.​

    Agrishow 2025 show drew 197,000 visitors, up slightly from 195,000 in 2024, and the 800+ exhibitors matched last year’s count. This year’s show floor covered 520,000 square meters, down slightly from 530,000 square meters in 2024.

    However, business deals reportedly hit R$14.6 billion (US$2.6B), a 7% rise over 2024’s R$13.6B.

    Important Insights

    The Power Systems Research (PSR) representatives who attended the show spoke with many Agricultural Equipment Executives to get their perception on the business environment in the Agricultural segment. After a challenging period with a nearly 37% contraction between 2022 and 2024, there is a positive expectation for recovery on Brazil’s agricultural machinery industry. PSR

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

  • AUTODATA Power Systems Research

    Carlos Briganti, Managing Director South America Operations for Power Systems Research (PSR), participated in a major article on the future of diesel in trucks and buses in the March 2025 issue of AUTODATA magazine.

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  • PowerTALK™, April 2025

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    In the April 2025 issue of PowerTALK™ News, you’ll find a new feature, Tariff Topics, that contains a report of global tariff news driven by the current US tariff program. You’ll also be able to read alternative power reports on Europe and Germany endorsing EV trucks, Tesla deliveries dropping in Europe, 2025 NA snowmobile production, the Q1 2025 PSR Truck Production Index report, Honda plans to introduce electric motorcycles in Vietnam and the merger plans of three Chinese auto manufacturers.

    IN THIS ISSUE

    TARIFF TOPICS

    • Tariffs Impact NA Medium and Heavy Truck Market
    • US Tariffs Could Hurt Japan GDP
    • ASEAN Leaders Consider Response to US Tariffs
    • South Korea Considers Tariff Bargaining Chips

    ALTERNATIVE POWER REPORT

    • France and Germany Endorse Electric Trucks Over Hydrogen
    • Europe Tesla (TSLA) Deliveries Down 43%, EVs Climb 31%
    • Magnesium Battery Study Offers Alternative To Lithium EV Batteries
    • UK Reconsidering Tesla Subsidies After Trump Tariffs

    TRUCK PRODUCTION REPORT: Q1 2025 PSR-TPI drops -5.3%
    DATAPOINT: 2025 North America Snowmobiles

    SHOW REPORTS

    • Bauma 2025, Germany Rebounds from Pandemic
    • Hannover; Text to come
    • Automec 2025 Features Innovation and Transformation

    SOUTH AMERICA/BRAZIL:

    • Interest Rates Hurt Brazil Heavy Truck Production
    • Brazil Light Vehicle Exports Grow 41%

    JAPAN: KG Motors To Mass-Produce Ultra-Compact EVs
    SOUTH KOREA: Hyundai Motor Plans To Invest $21 Billion in USVIETNAM: Honda To Launch Electric Motorcycles in Vietnam

  • Q1 2025 Truck Production Index (PSR-TPI) drops 5.3%

    and
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    St. Paul, MN (April 21, 2025)— The Power Systems Research Truck Production Index (PSR-TPI) dropped from 113 to 107, or -5.3%, for the three-month period ending March 31, 2025, from Q4 2024. The year-over-year (Q1 2024 to Q1 2025) timeframe was flat for the PSR-TPI, 107 to 107, or 0%.

    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.

    All Regions. In 2025, Medium and heavy commercial vehicle production in South America, Greater China, South Asia and Japan/Korea are expected to increase slightly while European and North American production is expected to decline this year over 2024.

    Global Index. Globally, medium and heavy commercial vehicle production is expected to decline by 0.1% this year over 2024.  A moderate softening of the global economy along with negative impacts from increased tariffs will likely place pressure on vehicle demand this year. PSR

    Jim Downey is vice president – global data products at Power Systems Research
    Chris Fisher is the senior commercial vehicle analyst at Power Systems Research

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