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Tractor Industry Sees H2 2024 Revival

News: Production

Home » News » Production » Page 6

2024-12-13

Tractor Industry Sees H2 2024 Revival

Aditya Kondejkar
INDIA REPORT
Aditya Kondejkar

The Indian tractor industry, which faced a stagnant first half of the fiscal year, is pinning its hopes on a robust second-half performance. With favorable developments like healthy reservoir levels, improved minimum support prices (MSPs), and a positive outlook on the Rabi crop, manufacturers are optimistic about achieving double-digit growth by the year-end.

H1 Performance: A Mixed Bag
In the first half of the fiscal year, tractor sales remained flat, growing marginally to 472,000 units from 469,000 units in the same period last year. The industry’s decline in FY2024 to 876,000 units, following a record-breaking FY23 at 945,000 units, underscores the impact of a high base effect, weak precipitation, and uneven monsoons. A shift in the festive calendar, with Diwali and Dhanteras occurring later this year, also affected demand in the early months.

Read More»
Categories: Agricultural, Indian Subcontinent, PowerTALK, Production
Office: India Office

2024-11-16

Ashok Leyland Expects Strong Export Performance

Joe Delmont
Aditya Kondejkar

“Our next target in terms of geographical expansion is Southeast Asia. We have been talking about it for a long time. We want to get into four different markets in Southeast Asia. “We expanded our range of products (in Middle Eastern markets) and that is why as a result we believe we should be in a position to record one of the best years when it comes to international operations” – Shenu Agarwal, Managing Director and CEO

Source: Economic Times. Read The Article

Ashok Leyland is intensifying its international expansion efforts, setting its sights on Southeast Asia to drive export growth in the coming year. This strategic push is part of a broader plan to strengthen its presence outside India while maintaining strong domestic sales. The company has already launched operations in the Philippines, with Malaysia lined up next, aiming to establish a firm foothold in the region.

Read More»
Categories: Agricultural, Indian Subcontinent, PowerTALK, Production
Office: India Office

Bosch and Jiangling Plan Joint EV Venture

Jack Hao
Jack Hao
Jack Hao

Bosch and Jiangling Group have signed a joint venture agreement in Nanchang, planning to establish a joint venture to jointly develop and sell electric drive axle systems for light commercial vehicles. The registered capital of the planned joint venture is 500 million yuan (63 million euros), with Bosch holding 60% and Jiangling holding 40%. The newly established company will be mainly responsible for the development, application, production, sales, and service of electric drive axle systems for light commercial vehicles.

Bosch will rely on its experience in electric drive technology to provide core technical capabilities such as electric drive, electric motors, and electric control, while Jiangling Group will contribute its insights in the complete vehicle field and grasp of the local market.

Read More»
Categories: Electrification, Greater China, Partnerships, PowerTALK, Production
Office: China Office

Greenhouse Gases from Mining Are Targeted

Akihiro Komuro
Akihiro Komuro
Akihiro Komuro

Reducing greenhouse gas emissions at mining sites is a pressing issue. The number of emissions from mines around the world is about 1.9 to 5.1 billion tons per year, which is more than Japan’s annual emissions of about 1.1 billion tons. In addition to methane gas emissions from coal mining, heavy equipment powered by diesel engines is also a source of emissions, and there is a trend toward electrification of mining equipment.

In August, Komatsu announced the development of a diesel-ethanol blended fuel engine. The engine is for large dump trucks, and Komatsu will work with Brazilian mining giant Vale and U.S. engine giant Cummins. Brazil has a high global share of bioethanol production from plant materials. The use of bioethanol is expected to reduce CO2 emissions by up to 70%. The company wants to put it into practice at Vale’s mining sites. In 2023, it signed an agreement with General Motors of the United States to jointly develop hydrogen fuel cell modules. The goal is to install the batteries in large dump trucks with a load capacity of about 290 tons and to start testing them in the second half of the 2020s.

Read More»
Categories: Emissions, Industrial, PowerTALK, Production
Office: Japan Office

Trump Won – What Now for US Clean Energy?

Guy Youngs
Guy Youngs
Guy Youngs

Donald Trump has always pushed for more oil drilling and fewer regulations, left the Paris Agreement in his first term as president, says he hates “windmills,” has promised to scrap offshore wind on “day one” if he won the 2024 election, and calls climate change a “scam.”

And now that he’s won, this is a direct threat to the US’s pledge to reach net zero by 2050. After all, federal policy directly impacts the pace of renewable energy growth, especially when it comes to incentives and research funding

Donald Trump will push fossil fuels and undo renewable energy policies, but it ultimately won’t stop clean energy’s momentum

Source: Electrek: Read The Article

PSR Analysis: The clean energy market isn’t solely driven by US federal policy. Over the last decade, solar, wind, and EVs have become more cost-competitive and popular. State policies play a huge role too, and many states are committed to their own clean energy goals regardless of who sits in the White House. Only time will tell the true impact of Trump’s victory. PSR

Categories: Alternative Power, AltPwr, Batteries, Electrification, Emissions, Fuel Cells, Hydrogen, Passenger Cars, Minivans, and SUVs, Production
Office: United States Offices

Nevada Gets First Lithium-Sulfur Battery Gigafactory

Guy Youngs

Super materials trailblazer Lyten will invest over $1 billion to build the world’s first lithium-sulfur battery gigafactory in Reno, Nevada. The factory will be capable of producing up to 10 gigawatt-hours (GWh) of batteries annually once it’s fully online. Phase 1 is set to go live in 2027.

Lyten’s gigafactory will cover 1.25 million square feet on a 125-acre campus in the Reno Air Logistics Park. Initially, it will employ around 200 people, eventually expanding to more than 1,000 jobs

Source: Electrek: Read The Article

PSR Analysis: Lithium-sulfur batteries are considerably lighter than lithium-ion batteries and use materials that are more abundant, so they should have a lower cost than Lithium ion batteries and their widespread use could reduce the pressure on lithium supplies. However, they are less stable and have a shorter lifespan, so unless Lyten has resolved these issue, this approach could backfire. PSR

Categories: Alternative Power, AltPwr, Batteries, PowerTALK, Production
Office: United States Offices

Solid-State Batteries Costs Expected To Drop

Guy Youngs

The push to commercialize solid-state batteries is underway with industries from automotive to storage betting on the technology. But while the technology has been taking longer than expected to take off, semi-solid-state batteries, which use a hybrid design of solid and liquid electrolyte, have been making steady progress toward commercialization.

The latest findings from Taipei-based intelligence provider TrendForce show that all-solid-state battery production volumes could have GWh levels by 2027. This rapid expansion could lead to cell price declines, reaching the $84-$98 level by 2035.

Source: PV Magazine: Read The Article

PSR Analysis: The benefits of solid state batteries (higher energy density leading to longer range, rapid charging, safety and lower weigh) are well known. If the costs can come down because of mass production, then this will become a significant game changer. PSR

Nevada Gets World’s First Lithium-Sulfur Battery Gigafactory

Categories: Alternative Power, AltPwr, Batteries, Passenger Cars, Minivans, and SUVs, PowerTALK, Production
Office: United States Offices

EV Battery Costs Will Drop To Key Level In 2026

Guy Youngs
Guy Youngs
Guy Youngs

In 2008, batteries cost $1,355 per kilowatt-hour, and the goal of an $80/kWh EV battery seemed ridiculous. But today the cost of EV batteries is dropping within shouting distance of that $80 goal, pulling the total cost of EV ownership down with it.

The total cost of EV ownership over time, including fuel and maintenance, has been close to, or at parity with, comparable gas automobiles for many years. The deciding factors for specific vehicles vary, but drivers in the US are owning their cars for longer periods — they hit a record average of 12.5 years in 2023 — so that long-term fuel and maintenance savings advantage for EVs can tip the balance.

Read More»
Categories: Alternative Power, AltPwr, Batteries, Passenger Cars, Minivans, and SUVs, Production
Office: United States Offices

2024-11-13

MOVIMAT 2024 Highlights Electric Products

Heitor Greco Aguiari
SHOW REPORT 

For more information on the OEM products market, visit OE Link, the Power Systems Research proprietary OEM products database.

The 35th MOVIMAT show brings together the entire integrated logistics chain for Latin America. Held in conjunction with the 2024 Fenatran International Road Cargo Transport Show in São Paulo, Brazil, the event attracted a diverse range of exhibitors, including buyers from industries such as distribution, wholesale, retail, and e-commerce, as well as the latest integrated solutions focused on Industry 4.0.

Over the five days of the fair, MOVIMAT provided an opportunity to explore new product launches, establish connections, and gain deeper insights into the forklift segment, particularly in terms of production and sales levels.

Notably, there was significant attention on the rapid growth of Lithium-Ion battery technology in the region. The South America Power Systems Research (PSR) team attended the event to learn more about these developments and the companies that are making them happen. PSR

Heitor Greco Aguiari is Analyst – Industrial and Off Highway at Power Systems Research

Categories: Central/South America, Electrification, Industrial, PowerTALK, Production, Show Reports
Office: Brazil Office

2024-11-12

Fenatran International Road Cargo Transport Show

Fabio Ferraresi
SHOW REPORT 

For more information on OEMs in the industrial products market, visit OE Link, the Power Systems Research proprietary OEM products database.

Fabio Ferraresi
Fabio Ferraresi

Dir. Business Development South America

Fabio Ferraresi Dir. Business Development South America

Fabio Ferraresi

Fabio Ferraresi holds a Bachelor degree in Mechanical Engineering from the University of São Paulo, and he received his MBA in Business Management from Fundação Getúlio Vargas. He also holds CMQ-OE and CQE certifications from American Society for Quality. He has experience in automotive business in South America and Asia. He has worked for Eaton Corporation for 12 years in Brazil and China in positions such as supplier development manager, supply chain manager, factory manager and quality manager. Fabio also serves as business development director of Grupo Engenho, a consulting company with activities in business management and Operational excellence. Fabio joined the Power Systems Research team in 2014.

Fenatran is one of the largest transport and logistics fairs in Latin America. It is held every other year in São Paulo, Brazil. This year it was held Nov. 4 – 8 and, as usual, introduced significant launches in the road transport sector, focusing on innovation, sustainability, and connectivity.

This year’s edition featured 600 exhibitors, including 74 new brands, spread across an area of over 100,000 m²; more than 60,000 people attended. The Power Systems Research team in South America visited the show to monitor trends


Categories: Central/South America, Commercial Vehicles, Electrification, PowerTALK, Production, Show Reports
Office: Brazil Office

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