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Power Systems Research had a booth presence at the 2019 North American Commercial Vehicle (NACV) show that took place at the World Congress Center in Atlanta, GA, Oct. 28-31, 2019.
The NACV featured a “Technology Showcase” where many of the leading OEMs and supply chain companies put their latest market introductions on display. There were over 500 exhibitors at the show – assembled in both Exhibition Hall A and Exhibition Hall B of the World Congress Center.
The heavy truck industry fell in the first half of 2022 by more than 63% from the previous year. According to the latest statistics from the China Automobile Association, for January to June this year, the overall sales volume of the domestic heavy truck market was about 380,000 units, a decrease of 63.6% compared with the same period last year.
In June, the sales volume of China’s heavy truck industry was only 55,000 units, a year-over-year decrease of 65%. The main reasons for the decline in heavy truck sales this year are the upgrading of emission standard from “China V” to “China VI” last year, which caused a pre-buy in the market, and the impact of the epidemic this year, which depressed the logistics and transportation market, further curbing demand for new trucks.
The heavy truck industry is a cyclical industry, and its development cycle fluctuates due to changes in environmental protection policies and the overall economy. Following a 14 month decline in sales, the primary concern in the heavy truck industry is this: When will there be a turnaround?
Maxim Sakov is our Russia market consultant based in Moscow. He has been with Power Systems Research since 2011. Maxim has an MBA specializing in Marketing and has over 19 years of experience in the power products and drive train industry. He has worked as a Deck Officer in merchant marine, as a Sales Director for Unichimtek a Russian high-tech company and as Business Development Representative for Cummins Filtration in Russia. Maxim has extensive industry expertise in the technical, sales and marketing.
Transcript
Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.
00:06 Emiliano Marzoli:
From Power Systems Research, hello everyone. I’m Emiliano Marzoli, editor of PSR PowerTALK, and today I will discuss the economic outlook for Russia with Maxim Sakov, our marketing consultant in Moscow. Maxim provides our clients with economic and production forecasts for Russia each quarter. And thank you for joining us today, Maxim.
SUMMARY: Gen-set sales in
North America climbed 6% in Q3 2018 over Q2 2018, with the focus switching from
larger industrial standby’s and construction site power generation earlier in
the year to residential standby sales as part of winter-preparedness.
Zetta company has had to shift mass production of its Russian car “City Modul 1” until after 2020 because the Fund of Industry Development refused to provide credit of 99.9 million Rubles (about € 1.1 million).
Maxim Sakov
According to the Fund opinion, the company has insufficient budget to start the production, even with the requested credit. “The company needs an investor, who will believe in market potential of the product, and will co-finance the project together with the fund. The fund is ready to consider application one more time as soon as such investor will be found,” the Fund said
“City Modul 1” would become first serial Russian electric car. Zetta plans to make the car on its own production site in Tolyatti; production capacity is 15,000 units per year.
The government is considering cancelling construction of the high-speed railway between Moscow and St. Petersburg.
One alternative being considered is the replacement of the high-speed railway for selected cargo between the two cities. This option is lobbied by Russian Railways.
The plans to build a high-speed railway between Moscow and St. Petersburg were announced last August. The project was included in the federal budget for 2022-2024. Completion of construction work was expected in 2027.
PSR Analysis: The most obvious reason for uncertainty of a mega-project like this, is a shortage in the budget. However, the Russian budget now is healthy and has a growing surplus. So, the Russian government may be considering a scenario where this money is required somewhere else. If this assumption is correct, it’s a crisis scenario. PSR
Maxim Sakov is Market Consultant-Russia Operations for Power Systems Research
The Russian automotive sector is expanding and has a good chance to meet existing payable demand, reports industry minister Mr. Manturov. He said the domestic market has taken fourth place in Europe by volume for the first time.
Car sales have been growing the last three months, and dealers are talking about a shortage of inventory. If the production does not recover until Spring, the market will be short, they say. But the minister said OEMs will handle this challenge easily.
Technical specialist of Sinara Transport Machines (STM) has started work on assembly of RTM-32 kits in India. They also will supervise trial starts of finished machines. Kit assembly works are performed under a State program “Made in India”, if there is a localization level of 51%.
Based on Russian kits, there will be made rail padding and straightening machines, which are used during railway construction, repair, and maintenance. Also, the machines are working with wooden and concrete rail ties. Assembly is based on the production plant of San Engineering & Locomotives Co. Ltd, located in Bangalore which is acting as STM partner in the project.
The Russian government subsidies now will cover 60% of individuals’ and small business’ expenses for switching vehicles from gasoline to NG fuel. That’s up from 30%.
Maxim Sakov
The minister of Power Industry has offered to increase subsidies for switching vehicles belonging to individuals and small business two times – from 30% to 60%. Another 30% will be paid by Gazprom at the expenses of its marketing program. Therefore, vehicle owners should pay only 10% of the cost to switch.
The government will assign US$ 0.7 billion (50 billion Rubles) for development of the NG fuel industry during the period 2020-2024. This includes an annual assignment of 3.5 billion rubles for gas fuel stations and 0.7 billion rubles for fleet modification.
There are 484 gas stations in Russia (May 2020), 329 of them belong to Gazprom. In 2019, the fuel sales on gas stations increased 30%. Read The Article
Carlos Briganti, managing director of South American
operations for Power Systems Research, will discuss, trends and production volumes
for the national market of commercial and off-road vehicles at a seminar on
Commercial Vehicle Perspectives sponsored by Autodata Dec. 3, 2019.
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