Search Results for: scania-invests-800-million-modernize-brazil-operations

2023-09-05

Brazil Motorcycle Production To Reach 1.5 Million in 2023

In the first seven months of 2023, manufacturers affiliated with Abraciclo assembled 887,000 motorcycles, up 14.3% over the same period in 2022. Registrations totaled 903,200, up 21.4%, including imports and sales from automakers not yet linked to the association, such as India’s Bajaj and Royal Enfield, which began production in Brazil at the end of last year. The entity’s expectations for 2023 are for expansion of 10.4% (1.56 million units) in production and 10.9% (1.51 million motorcycles) in licensing.

Source: Valor      Read The Article

PSR Analysis: In 2011, Brazil produced 2 million units, its best year in the history of the segment. However, this year was the beginning of consecutive annual declines that reduced production to 890,000 motorcycles in 2016. The start of the rebound in 2018 was interrupted in 2020 by the shutdown of factories brought on by the pandemic. The industry finally looked to the future again in 2023 and expects to reach a volume of 2 million motorcycles within five years.   PSR

Fabio Ferraresi is Director-Business Development South America for Power Systems Research

2022-10-21

Scania, VW and Volvo Show Euro VI Lineup

Three OEMs have announced new fuel efficient products.

Scania has announced an 8% fuel consumption improvement with Super 13 liters engines and promises 50% maintenance stops reduction. Volvo has announced a new Euro VI line with Volvo Engine produced in Brazil, replacing MWM on the VM platform. VW fuel consumption improvement is in the 5% range and the company reports 4,000 units Euro VI sold in 2022 already.

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2020-10-28

Scania Creates Bridge To EU 2030 Emissions Targets

Emiliano Marzoli
Emiliano Marzoli

Scania, a Swedish truck manufacturer, is developing an 18-meter long solar cell-clad trailer that will be able to generate energy from devices along 140m2 of surface area on the sides and roof. 

According to the truck manufacturer, the powered trailer will be able to generate fuel saving between 5% and 10% in northern Europe, and up to double that in sunny regions like Spain.  The tests are also validating the use of the trailers as power stations to feed the main grid, once they have completed charging the batteries and the vehicle is stationary.

Source : Read The Article

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2023-11-16

XCMG To Invest US$ 55 Million in Brazil Electric Truck Plant

BRAZIL/SOUTH AMERICA REPORT 
Fabio Ferraresi
Fabio Ferraresi

XCMG has signed a letter of intent to invest in Pouso Alegre, in the south of the state. XCMG also plans to invest in the creation of a research and development center in the state.

Source: Brazil Mineral     Read The Article

PSR Analysis: The letter of intent reaffirms the intention of XCMG to gain market share in Brazil, not only on the Off Highway Electric Truck segment, but also in Brazil’s On Highway Truck segment they entered in May 2023. XCMG, the world’s third largest CE producer, threatens CAT, Komatsu and Volvo in the OH Tuck segment and plans to become a player in the On Highway market. It should be noted that XCMG already has a 500,000 square meter plant in Pouso Alegre and probably has enough space to make the investment only for equipment and tools for assembly.   PSR

Fabio Ferraresi is Director, Business Development South America, for Power Systems Research

2021-12-19

VWCO To Invest US$ 400 million in Four Years in Brazil

The amount is expected to be directed mainly to new technologies, such as for the Proconve P8 introduction in 2023, new technologies for Connectivity and development of sales and aftersales areas.

Source: O Estado de São Paulo     Read The Article

PSR Analysis: The investment is higher than the former investments cycles but keeps the same line and makes the company one of the most important players in the Truck and Bus industry in South America. With this announcement, VWCO confirms its belief in the Brazilian Market and indicates its willingness to keep its market share lead. PSR

Fabio Ferraresi is Director, Business Development South America, for Power Systems Research

2020-09-22

The Future of Commercial Vehicles. Perspectives for Brazil

Published in Automotive Business, August, 26, 2020

1. INTRODUCTION

The use of diesel in Commercial Vehicles and its alternatives has been studied and discussed globally over the past two decades. We have updated future trends annually based on the new platforms in our data and new models in development allowing us a 10-year horizon. In August 2019 we published an article on the subject for Automotive Business Brazil, which is now updating.

Carlos Briganti
Carlos Briganti

In the 2019 article we said that fossil diesel propulsion for commercial vehicles would be exposed to several alternatives and therefore the 20s decade would be a decade of significant changes, justifying yearly monitoring of the subject.

This whole range of studies was then impacted by COVID-19, a new event at the beginning of this decade that is another factor of change in this complex subject.

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2023-10-24

Sonalika Group Plans $100 Million for Export Facility

INDIA REPORT
Aditya Kondejkar

Sonalika Group is planning to spend approximately $100 million to set up a manufacturing facility for the production of tractors aimed at the international export market. Production will be used to developing products tailored to meet customer requirements in Latin America, Europe, United States, Oceania and South Asia

“We are looking at investing $100 million to set up a dedicated facility for exports. The new unit will have total installed capacity of 100,000 units and will be commissioned within the next two years,” according to Gaurav Saxena, director and CEO of the company’s International Tractors Ltd., operation.

One-third of the group’s revenue is attributed to exports, and the organization aims to be among the world’s top three tractor brands by 2030, considering the global sale of 1.5 million tractors. Presently, ITL exports 35,000 units and has set a target to reach 100,000 units within the next seven years.

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2022-12-14

China 2023 EV Sales To Grow To 8.4 Million Units

CHINA REPORT
Jack Hao
Jack Hao

The development trend for the new energy vehicle (EVs) market remained positive through 2022. In November, retail sales of new energy passenger vehicles reached 598,000 units, with a year-on-year growth of 58.2%. From January to November, the domestic retail sales of new energy passenger vehicles were 5.03 million units, with a year-on-year growth of 100.1%.

As for December, the Passenger Transport Federation believes that the subsidy for new energy vehicles will decline by 12,600 RMB this year, which is much more than the decline of 5000 RMB in the previous two years. In addition, some vehicle enterprises have announced a price increase for next year, which may promote strong pre-buying of new energy vehicles at the end of the year and boost sales.

This year, the new energy vehicle market is expected to achieve the annual sales of 6.5 million vehicles.

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2020-12-21

VW Truck & Bus To Invest US$ 400 Million in 2021-2025

Fabio Ferraresi
Fabio Ferraresi

VW Truck and Bus has announced a new cycle of investment in Brazil operations of US$ 400 Million, for the period 2021 to 2025. This is higher than the last investment cycle, that was US$ 300 million that ended in 2020. This investment will be allocated in new products, mainly in alternative propulsion systems, such as electric, and improvements in the production facilities.

Source: AutoData       Read The Article

PSR Analysis:  The investment reinforces VW’s Truck and Bus focus in the Brazilian market. Product development for Proconve P8 in January 2023 will use a significant part of the investment; investments also will be made in facilities adjustments for higher volumes of production in the coming years.   PSR

Fabio Ferraresi is Director – Business Development, South America, for Power Systems Research

2021-04-25

KAMAZ Net Profit Exceeds US$ 20 Million

KAMAZ has reported a net profit of (more than US$ 20 million (1545 million Rubles) for 2020. KAMAZ reported revenue for 2020 of US$ 2.47 billion (185.8 billion Rubles), an increase of more than 16% over 2019. This growth is based on domestic truck sales, the introduction of the K5 range, and an increase in bus and electric bus sales.

Despite the COVID pandemic, in 2020 KAMAZ secured positions in the market and has claimed the status of leading Russian heavy vehicles supplier. The company claims a leader position in the 14+ ton truck market in Russia with a share of 47.5%, up 3.3% over 2019.

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PSR Analysis: Of course, State support measures are a big part of this success. Still, domestic truck and bus production has demonstrated good survival potential even in a major pandemic. PSR

Maxim Sakov is Market Consultant – Russia Operations, for Power Systems Research