2020-06-02
MotorIndia is sponsoring a panel discussion of leading industry experts across the commercial vehicle value chain to share their insights on the short- to mid-term challenges in the truck industry.
The event will be held Wednesday, June 3, at 5:00 pm IST.
The panel will be moderated by Jinal Shah, Regional Director, South Asia Operations, for Power Systems Research (PSR), a leading provider of global production data for engines and equipment.
2020-05-23
Even before the COVID-19 crisis, the Indian automotive sector was facing a severe downturn, but the problems were amplified by the Covid-19 pandemic and the lockdowns across India and the rest of the world. The situation was compounded because India was transitioning from BS-IV to the BS-VI era.
These are challenging times for the Indian automotive sector because of slow economic growth, negative consumer sentiment, axle load norms, a liquidity crunch, low capacity utilization and potential bankruptcies. The current lockdown has severely affected the entire ecosystem of engine driven applications in India.
For the first time, automobile OEMs reported zero domestic sales and very limited exports in April. According to the Society of Indian Automobile Manufacturers (SIAM), the industry is losing more than $300 million per day.
2020-04-25
As of today, India is relatively less impacted by COVID than other nations. Because of the very bold and unprecedented move of a complete lockdown for about 40 days, India has managed to restrict the number of positive cases to 17,000.
Considering that India is a country with a population of over 1 billion persons living in challenging on-ground conditions, it is a phenomenal effort of proactive and timely response from the government as well as restraint observed by citizens.
2020-04-08
ST. PAUL, MN–A team of international analysts from Power Systems Research (PSR) analyzed the impact of COVID-19 on the global production of Off-Highway Equipment and MH-Duty Vehicles in several regions today.
The team examined the impact of the coronavirus in North America, Europe, Asia, India, and South America for the remainder of 2020 and into Q1 2021. Download your copy of the presentation here.
2020-03-30
At Power Systems Research our business is based on being informed: Globally, and in several important industry segments.
Even as the coronavirus affects markets and industries and companies worldwide, we’re continuing to work effectively for our clients. We’re adjusting our operations hourly to meet the changing needs caused by coronavirus. Our IT staff has adapted PSR systems so our analysts around the world can work at home and communicate easily and effectively with each other and with the home office.
2020-03-23
This article first appeared in the March 2020 issue of PowerTALK™ News
China is one of the leading suppliers of auto components to India, and this supply chain was significantly interrupted in Q1 2020 by the caronavirus. In 2018-19, components worth an estimated US$4.5 billion (out of a total of approximately $17 billion) were exported from China to India. Most of this trade is in electronic components, EGR modules, fuel injection pumps, turbochargers, meter sets, LEDs, magnets, airbag components, and steering system components.
Since the discovery of the Coronavirus in December 2019, this supply chain has been affected. The covid-19 pandemic has started taking a toll on components supply and automotive production in India. The situation is further amplified, as China has terminated all sea routes to other parts of the world.
2020-02-25
This article initially appeared in the February 2020 issue of PowerTALK News.
Source: Business Today Read The Article
PSR Analysis: The Indian Automotive Industry was largely left disappointed with the budget after no direct steps were taken to arrest the decline in automotive sales. Although keeping long term benefits in mind, the budget did introduce measures to boost the rural economy, which in turn will directly benefit the commercial vehicle industry which is an important driver for the economy.
2019-10-01
This report first appeared in the September 2019 issue of PowerTALK.
The bad times in the India automobile market started with the slowdown in Q4 2018, triggered by the NBFC (Non-Banking Financial Companies) crisis. Since then it has been 10 consecutive months of hard times for almost all automobile segments. All the segments in the country, be it passenger cars or commercial vehicles, have registered a decline.
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