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  • OEMs Target India’s Premium MC Segment

    INDIA REPORT
    Aditya Kondejkar

    The dominance of Royal Enfield in the mid-segment of the premium motorcycle market (300cc-500cc) could be facing challenges from upcoming products. The Triumph Speed 400, a result of a joint development effort between Triumph and Bajaj Auto, and the Harley-Davidson X440, developed through a collaboration between Hero MotoCorp and Harley Davidson, are set to compete in this market segment.

    In response, Royal Enfield plans to introduce three new models in the 350-450cc range within the next year.

    The Indian motorcycle market has witnessed a favorable trend towards high-end bikes. The phenomenon of premiumization has gained momentum due to increasing income levels, a growing young population, shifting preferences, and a surge in product launches.

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  • Q2 2023 Truck Production Index (PSR-TPI) gains 9.4%

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    St. Paul, MN — The Power Systems Research Truck Production Index (PSR-TPI) increased from 106 to 116, or 9.4%, for the three-month period ending June 30, 2023, from Q1 2023. The year-over-year (Q2 2022 to Q2 2023) gain for the PSR-TPI was, 112 to 116, or 3.6%.

    The PSR-TPI is a quarterly truck production report that measures global truck production in six regions: North America, China, Europe, South America, Japan and Korea and Emerging Markets.

    This data comes from OE Link™, the proprietary database maintained by Power Systems Research. The next update of the Power Systems Research TPI will be in October 2023 and will reflect changes in the TPI during Q3 2023. PSR

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

  • Alternative Power Report, June 2023

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    There’s plenty of news about global EV battery activities in the June issue of the Alternative Power Report produced by Power Systems Research. Read about the battery recycling operation planned for Europe, the controversy over energy use between advocates of Hydrogen and batteries and much more.

  • DATAPOINT: NA Off-Highway Trucks 2023 Production

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    1,600 units is the estimate by Power Systems Research of the number of Off-Highway Trucks expected to be produced in the United States and Canada in 2023. None of these trucks are electric units.

    Unlike On-Road Trucks, Off-Highway Trucks are specifically designed to work in punishing environments and are made to haul material and debris around a work site. These purpose-built vehicles are not constrained by the weight limits of their smaller on-road counterparts.

    Expect production to increase 5% by 2025 as the need for new equipment for mining operations increases.  It is speculated that there will be growth in the excavation of iron ore, nickel and bauxite followed by gold and copper.  PSR

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

  • PowerTALK™, June 2023

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    Commercial vehicles are in the news this month. Japan is looking at a major merger of truck OEMs, Cummins is delivering a Hydrogen fuel cell truck, Brazil has announced incentives for MHVs and KCMG says it will produce EV trucks in Brazil. Read these reports and more in the June issue of PowerTALK News.

    IN THIS ISSUE
    • Alternative Power:
      • Electric Vehicles and The H2 Battle to be Included in the Family
      • New Battery Recycling Center Will Have A Big Impact On Europe
    • Global: Electric Scooter Market Could Reach $56B in 2033
    • North America: CARB Is Phasing Out Heavy Trucks
    • DataPoint: North American Off-Highway Trucks
    • Brazil/South America:
      • Brazil Announces Incentives for MHV and LV
      • XCMG To Produce EV Trucks in Brazil in Two Years
    • Japan: Hino Motors and Mitsubishi Fuso To Merge
    • South Korea: Hyundai Motor and LG Energy To Build Battery Plant in U.S.
    • Indonesia:  Indonesia Plans To Become Major Player in Car Industry
    • China: Cummins Accelera Delivers Hydrogen Fuel Cell Truck
    • India: Suzuki Moves Aggressively To Regain India Market Share

  • Suzuki Moves Aggressively To Regain India Market Share

    INDIA REPORT
    Aditya Kondejkar

    A key portion of Maruti Suzuki’s mid-term goal to achieve 50% overall PV (passenger vehicle) market share by becoming the number one SUV seller in the country. This is important for Maruti Suzuki because even though the automaker’s market share in the non-SUV segments is more than 65%, its SUV share was only 10.5% in 2022.

    Source: The Times of India    Read The Article

    Capacity Expansion.

    The company is planning to invest Rs 18,000 crore for the Kharkhoda facility in Haryana. This will increase the capacity by one million units. Further, by the end of the decade, Maruti Suzuki plans to invest over 45,000 crore to quadruple production capacity to four million vehicles in order to meet domestic consumer demand and increase exports from India.

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  • Cummins Accelera Delivers Hydrogen Fuel Cell Truck

    CHINA REPORT
    Jack Hao
    Jack Hao

    Accelera and Shaanxi Auto’s Dechuang Future have jointly developed a 31-ton Hydrogen fuel battery residue vehicle. Sixty Cummins Accelera Hydrogen fuel cell driven muck trucks were delivered and put into operation in Shanghai.

    It is reported that this vehicle is matched with Cummins 125kW Hydrogen fuel battery engine system and 127kWh Lithium iron phosphate power battery, and uses the 410kW drive motor and AMT automatic transmission with ultra-low system energy consumption independently developed by Dechuang in the future to form a “new energy power chain,” so that the vehicle’s power performance indicators such as maximum speed, hill starting ability, climbing ability, loading capacity, etc. are higher than the industry average.

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  • Indonesia Plans To Become Major Player in Car Industry

    SOUTHEAST ASIA: INDONESIA REPORT

    Amid the global shift to EVs, Indonesia is vying to become the new leader in this segment.

    Indonesia has already surpassed Thailand in passenger car production and has begun full-scale EV production ahead of Thailand. Thailand has begun to defend its position as the auto manufacturing hub of Southeast Asia by offering preferential policies for EVs, including subsidies for both domestic production and sales.

    Indonesia’s greatest strength is its abundance of nickel, which is used in car batteries. It is said to have the largest nickel reserves in the world, and investment in this resource is growing rapidly. In April, the Indonesian government announced that it was considering investing in a nickel production venture involving Ford of the United States and that VW of Germany was also considering participation.

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  • Hyundai Motor and LG Energy To Build Battery Plant in U.S.

    FAR EAST: SOUTH KOREA REPORT
    Akihiro Komuro
    Akihiro Komuro

    South Korea’s Hyundai Motor Group and LG Energy Solutions said they plan to build a joint automotive battery plant in the United States.

    They will split the total investment of $4.3 billion (about 600 billion yen) on a 50-50 basis and plan to start operations by the end of 2025. As conditions for EV subsidies in the U.S. become clearer, several local investment plans are in the works.

    The new plant will be built in Bryan County, Georgia. With a standard production capacity of 30 gigawatt-hours per year, it will be able to supply batteries for approximately 300,000 EVs. In addition to Hyundai Motor’s dedicated EV plant in Georgia, the plant will also supply batteries to Kia’s plant in Georgia and Hyundai Motor’s plant in Alabama.

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  • Hino Motors and Mitsubishi Fuso To Merge

    FAR EAST: JAPAN REPORT

    The announced reorganization of several commercial vehicles companies came suddenly and was one that few in the industry expected.

    On May 30, Toyota Motor Corporation and Daimler Trucks of Germany announced a business merger between Toyota-owned Hino Motors and Daimler-owned Mitsubishi Fuso Truck and Bus Corporation. The merger is expected to be completed by the end of 2024.

    The four companies have reached a basic agreement that calls for Toyota and Daimler to establish a holding company by the end of 2024 with the aim of going public. Hino Motors and Mitsubishi Fuso will become part of the holding company. Toyota and Daimler will hold the same percentage of shares in the holding company, and Hino Motors will cease to be a consolidated subsidiary of Toyota after the merger.

    Read More »

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