News

  • Fleet Renewal Program Goes Live in Brazil   

    BRAZIL REPORT
    Fabio Ferraresi
    Fabio Ferraresi

    The Brazil Government has published a law starting the Truck and Buses Scrappage Policy, aiming to renew fleets, increase productivity and efficiency, reduce emissions and improve safety. Depending on the effectiveness of the program, it may affect the MHV market. See complete article translated in our webpage and the original from Automotive Business.

    Source: Automotive Business    Read The Article

    PSR Analysis: The launch of the Renovar program is a positive…

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  • Tupy Acquires MWM in Brazil

    The Transaction involving the Brazilian Tupy and the subsidiary of Traton Group is around US$ 186 Million and it is approximately four times the 2021 EBITDA of MWM, with revenue of US$ 580 million.

    Source: Info Money    Read The Article

    PSR Analysis: Tupy has been demonstrating its willingness to invest in engine research and development for cleaner propulsion and alternative ICE propulsion with Hydrogen and other alternative Fuels. With the knowhow and facilities of MWM added to Tupy,…

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  • Yanmar  Acquires Fast Growing Battery Technology Firm

    EUROPE REPORT
    Natasa Mulahalilovic
    Natasa Mulahalilovic

    Yanmar Holdings Co. Ltd, the multi-billion dollar multinational company headquartered in Osaka, Japan, has acquired a majority of shares of a young and fast-growing ELEO Technologies B.V. from theNetherlands, this month. The acquisition has been completed through European’s subsidy, Yanmar B.V. An earlier investor, Lumipol Group, has entirely exited the company.

    As a part of Yanmar Power Technology Co, Ltd, Eleo will continue operating as an independent entity under its existing brand and with production located in their current site in Helmond, the Netherlands.

    ELEO Technologies B.V. was founded in 2017 to design and produce innovative modular electric batteries systems for use in marine, industrial machine, e-mobility, commercial vehicles or specialized recreational product applications.

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  • DATAPOINT: US Lawn & Garden Tractors, 2022 Production Estimate, 709,700 Units

    709,700 units is the estimate by Power Systems Research of the number of Lawn & Garden Tractors to be produced in the United States during 2022.

    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 39% of total units produced, Husqvarna leads in production of Lawn & Garden Tractors in North America.  In second position, with combined plant totals, is MTD with 33.5%; third, also with combined plant totals, is Deere & Co. with 23.5%.    

    Trends: In 2021 production of Lawn & Garden Tractors in North America (US) increased 4.5% over 2020 to 683,250 units.   Production in 2022 is expected to reach 709,700 units, a gain of 4.5%, compared to 2021.  The forecasted gain is driven by the demand for new fuel-efficient models in the market along with the demand for new equipment. 

    Production has been slowed somewhat by the temporary lull in production of the Craftsman line, the saturation of new products in the market, and the unfavorable mowing conditions caused by the wet spring. 

    The latest models offer a variety of features for homebuyers based on yard size. Entry-level lawn riders are suited for 1.5 acres or less and usually have 1-cylider engines.  Mid-grade riders have twin cylinder engines with high HP’s that work well in large cutting areas. 

    Production is expected increase up to 5% by 2025; lifespan of this product has about a 10-year turnover.  PSR

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

  • PowerTALK™, April 2022

    Download PDF

    This issue of PowerTALK News contains articles on the Yanmar acquisition of ELEO Technologies and several articles about alternative power sources. You can also read about the Q1 2022 PSR Truck Production Report here.

    IN THIS ISSUE  

    • Truck Production Index Drops
    • DataPoint: NA Lawn & Garden Tractors
    • Europe: Yanmar Acquires Tech Firm
    • South America:
      • Fleet Renewal Program Goes Live in Brazil   
      • Tupy Acquires MWM in Brazil
    • China: Five Year Plan Pushes LNG
    • Japan: More on Yanmar Purchase
    • SE Asia:
      • Thai Incentive Program to Promote EVs, Starting in 2022
      • Korea To Increase EV Battery Material Production
    • India: Maruti Suzuki To Build EV-Battery Plant

  • Q1 2022 Power Systems Research Truck Production Index (PSR-TPI) Drops 4.4%

    and
    Download PDF

    ST. PAUL, MN — The year-over-year (Q1 2021 to Q1 2022) Power Systems Research Truck Production Index (PSR-TPI) dropped 114 to 109, or 4.4%. For the three-month period ended March 31, 2022, Q1 2022, the TPI decreased 9.2%, declining from 120 to 109.

    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. PSR

  • German Soccer

    The European office of Power Systems Research (PSR) this season sponsored a local soccer team in Germany. The A youth of the SSG Gravenbruch is playing in the district class in the district of Offenbach am Main. The club currently occupies fourth place out of a total of 10 teams. The club is coached by Dalibor Sablic, an account manager for PSR.

    Read More »

  • Hon Hai Delivers First EV Bus To Kaohsiung City in Taiwan

    TAIWAN REPORT

    On March 3, Hon Hai Precision Industry delivered its first EV, the Model T commercial bus, to a bus route operator based in Kaohsiung City in southern Taiwan. The company aims to deliver 30 buses by the end of this year to expand its EV business, which is a new entry into the market, and the key to its future growth will be the extent to which it can break away from its business model that relies on contracted production of iPhones.

    The "Model T" was delivered to Kaohsiung Bus Company.…

    Read More »

  • Russia Shuts Down Half of Auto Plants

    RUSSIA REPORT

    Maxim Sakov
    Maxim Sakov

    March 10, 2022–The volume of working auto production facilities in Russia has dropped by 45% since the invasion of Ukraine. On March 3, work continued in Russia on 55% of the facilities for assembling LCVs and passenger cars, comparing to 2021. Last year, domestic operations produced 83% of sales in Russia.

    Work continues at AutoVAZ (in Tolyatti and Izhevsk), Stellantis and Mitsubishi alliance (PSMA Rus plant), Autotor (Kia and Hyundai assembly), Nissan, Haval, GAZ, UAZ, Mazda Sollers and Isuzu. The total number of vehicles produced by these enterprises has reached 766,000, which is 55% of the sales produced by the Russian automotive industry last year. The total annual production capacity of Russian automotive industry is about 2.7 million vehicles.

    After implementation of Western sanctions and the volatility of currency exchange, automakers started raising prices and stopped production and shipping cars. Companies such as Volkswagen, BMW, Renault, Mercedes, Hyundai, Toyota, Sollers Ford have announced the temporary closing of factories. Closed import to Russia Audi, Porshe, GM, Jaguar Land Rover, Lexus, Volvo, Honda, Mazda and others.

    Read More »

  • Foreign Automakers Face Ultimatum

    RUSSIA REPORT

    March 10, 2022–Foreign companies which have paused their business operations in Russia must resume their work, or face bankruptcy of their Russian division.

    Foreign companies made huge investments to localization production in Russia, and they don’t want to leave the Russian market, but they face unprecedent pressure by their own regulators. In this situation the government has developed three scenarios for foreign concerns’ subsidiaries which have production plants in Russia.

    Read More »

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