CV Industry Is Moving in Top Gear

INDIA REPORT 
Aditya Kondejkar

The commercial industry will grow with trucks and buses expected to do well. Truck sales will improve as many industries require more units as they are running at full capacity

The Indian economy managed to revive itself during the first and second COVID waves and quickly achieved a V-shaped recovery.

This year, GST is reaching high levels. GST collection has witnessed a growth of 26% YoY – YTD CY22. Furthermore, the generation of e-way bills is increasing rapidly. The generation of e-way bills is directly proportional to truck utilization and drives vehicle demand.

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DATAPOINT: North America Terminal Tractors

Estimated 2022 Production: 3,800 Units

3,800 units is the estimate by Power Systems Research of the number of Terminal Tractors to be produced in North America (United States) in 2023.

Terminal Tractors are specialized heavy duty vehicles designed to move loads at container ports and container terminals. Generally, they are slow moving (under 30km/h) and employ a high torque diesel engine and 4×4 wheel drive which enables them to move very heavy trailer loads, sometimes up to 200 or 300 tons

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CV Production Nears Pre-covid Levels

INDIA REPORT
Aditya Kondejkar

A favorable mix of factors is propelling demand for commercial vehicles to their best-ever pre-covid-19 volumes in India. Even though the CV segment has not reached its 2018 peak, it is expected to grow by double digits in the current fiscal year.

This growth is based on healthy demand and a relatively low base last year. While the sales are in green for all the major OEMs, market leader Tata Motors has reported year-over-year drop of 3%.

Source: Auto News     Read The Article

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Firms Develop Hydrogen-Powered Generator

FAR EAST: JAPAN REPORT
Akihiro Komuro
Akihiro Komuro

Komatsu, Hitachi, and Denyo announced the commercialization of a gen-set that uses a mixture of hydrogen and light oil as fuel. It is possible to mix up to 50% hydrogen, which does not emit CO2 when burned, and CO2 emissions can be reduced by 50%.

The first unit will be installed at Komatsu’s Oyama Plant, with full operation scheduled for the end of September. Hitachi will serve as the point of contact for the system, which will be marketed to a wide range of external customers.

The system can mix up to 50% hydrogen with diesel engines that use diesel oil. The power output is 250 kW. Komatsu and Hitachi provided the fuel injection control technology and the function to safely stop the engine in case of abnormal combustion, respectively, and Denyo assembled them into the generator.

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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