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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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Tesla Proposes Investment in Indonesia to Promote EV Industry
Akihiro Komuro The Indonesian government announced on Feb. 5 that it had received an investment proposal from Tesla. The country is the world’s largest producer of nickel, which is essential for the production of batteries for EVs. In order to promote the EV and battery related industries, Indonesia had invited Tesla to invest in the country.
Details of the talks between Indonesia and Tesla cannot be disclosed due to confidentiality agreements, but it is said that they have mainly discussed battery and energy storage solutions. The Indonesian vice-minister said, “If Tesla only wants to buy raw materials, we are not interested. The proposal is more than the procurement of raw materials and extends to energy storage systems such as MegaPack, PowerPack and Powerwall,” he said.
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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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Gogoro Network Powered Through Innovative Solutions
To date, there have been over 151 million battery swaps, an average of 2.8 per second.
Erik Martin TAIPEI (Taiwan News) — Imagine being asked to design and build a totally new, green energy infrastructure for an entire country — from scratch.
This was the goal given to Gogoro Network (GN) General Manager Alan Pan (潘璟倫) by Gogoro founder and CEO Horace Luke (陸學森). Sitting down for an interview with Taiwan News, Pan described some of the issues electric scooters faced before Gogoro, including limited charging solutions due to lack of space in Taiwan and high battery and maintenance costs.
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Vehicle Exports from Brazil Grew 22% in January
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.
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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New Wave of COVID-19 Cuts Brazil Motorcycle Production by 50%
Manaus-AM had the biggest impact of COVID 19 in Brazil and it is where Honda and other Motorcycle OEMs have production plants. Honda, responsible for over 80% of the production, had to stop twice in January due to the pandemic effects. The consequence is that the production in January 2021 fell by 50% when compared with January 2020 and by 27% when compared with December 2020.
Source: Press Release Read The Article
PSR Analysis: The demand for motorcycles remains high and the…
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Chris Fisher Truck News – February 2021
In this episode of the PSR PowerTALK Podcast Chris Fisher, Power Systems’ Senior Commercial Vehicle Analyst, discusses the Q4 2020 global production facts and related forecasts for medium and heavy trucks.
Transcript
Welcome to PowerTALK Truck podcast February 2021. Produced by Power Systems Research, the leading supplier of global production data and forecasts to the engine power products and Components industries. Here’s today’s host, Emiliano Marzoli, Manager of Power Systems Research, European Operations.
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Volvo Penta: Sustainability First , Zero-Emissions by 2050
Sources: Volvo Penta Press Releases, IBI News, Boating, Trade Only Today
Natasa Mulahalilovic Volvo Group announced that the company will focus on sustainable solutions in all business areas, from trucks and buses through construction to its marine division. The group objective is to become a zero-emission company by 2050, at the latest.
As part of this changeover, the Volvo Penta division, the world leader in marine engine and propulsion systems, is cutting its outboard engines production and sales. This reverses a major acquisition the company made in 2017.
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NA Electric Motorcycle Segment Growing
Michael Aistrup Motorcycling in America is changing as industry leaders and new technology competitors are trying to attract newer/younger riders who want something different from Harley-Davidson’s big cruisers or screaming Japanese and European performance bikes.
The changes are in response to younger riders who are attracted to the efficiency and fun of two-wheel travel associated with e-motorcycles, while older riders are losing interest, or simply becoming unable to ride any longer.
At present, e-motorcycles remain a niche market. Riders are typically city dwellers in their early 40s–slightly younger than the average age of a U.S. motorcycle rider, which is 47, according to the Motorcycle Industry Council’s U.S. Motorcycle Owner Survey — and uses the bike to commute.
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Truck News: Ask The Expert
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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