SUMMARY: Gen-set sales continued the growth trend in Q1 2018 with a 2% increase over Q4 2017 levels. We continue to see increased demand for residential standby after last year’s severe weather season as well as the ramp-up towards the construction and camping seasons.
Global truck production dropped in Q3 2018, according to the Power Systems Research(PSR) Truck Production Index (PSR-TPI).
You’ll find the details in the November issue of PowerTALK, the monthly world news and analysis report from PSR. You’ll find lots of other news as well, including detailed reports from the show floors of EICMA (the international motorcycle show in Milan) and GIE+Expo, the lawn and garden show held in Louisville, KY.
Top Stories
“Our aim is that with the launch of Oja (platform), we will double our export in the next three years,” says Hemant Sikka, president of Mahindra’s farm equipment sector. “So, we want to increase exports from 18,000 to 36,000 in about three years.”
In collaboration with Mitsubishi Mahindra Agriculture Machinery, Japan, and an investment of INR 1200 crore, the new Oja platform could help Mahindra win 25% of the worldwide tractor demand. This includes tapping into new markets such as Europe and ASEAN, as well as strengthening its presence in sectors like horticulture.
Source: Economic Times Read The Article
PSR Analysis: The launch of Mahindra Tractors’ new Oja platform underscores a strategic move with several critical business implications. First, the entry into the 80,000 unit ASEAN market represents an expansion initiative, targeting countries such as Thailand, Indonesia, and the Philippines. This move aligns with the company’s global growth strategy, capitalizing on the increasing demand for tractors in these emerging markets.
The Power Systems Research Truck Production Index (PSR-TPI) decreased from 114 to 107, or 6.1%, for the three-month period ended March 31, 2018, from Q4 2017. The year-over-year (Q1 2017 to Q1 2018) loss for the PSR-TPI was one point (108 to 107), or .93%.
The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan &
Here are several other Top Stories in this issue:
The law requiring the use of cabin tractors for spraying includes changes in applications and timing. Under the new wording, cultivation methods in which the use of the original or adapted closed cabin is unfeasible depending on the spacing between lines, a sprayer trailer pulled in a machine without closed cabin may be used, provided that it meets certain conditions.
New deadlines vary from 120 months for small properties and 60 months for large properties.
PSR Analysis: Given the long deadlines, the market total volumes should not be impacted, but product lines should have volume changes within the application the product and model level. These should be reflected in next publish of PSR’s OE Link™ Forecast. PSR
Fabio Ferraresi is Director, Business Development-South America, for Power Systems Research
Second of Two Parts
SUMMARY. During Q2 2018, the economy remained stable and economic conditions in the region still are favorable, most industries are doing well, and the short-term outlook remains positive to flat for most market segments. We expect such strong conditions to last at least another 12 months. At the same time, there will be some minor differences among
market segments, especially those that are consumer oriented.
Top stories in this issue of PowerTALK
The PSR-sponsored experimental vehicle designed, produced and raced by a team of high school students from suburban St. Paul, Minnesota, USA, finished as the top school from the US, and won fifth place overall, during international competition in London recently.
Also in this issue is a report on global truck production. The PSR Q2 2018 Truck Production Index climbed 12.4%.
Here are the Top Stories in this issue of PowerTALK
Global truck production climbed 8.6% climbed for the 12 month period ended Dec. 31, 2017, according to Power Systems Research (PSR). The outlook for global truck production in class 4-8 looks very promising for 2018, as the strong growth pattern established in 2017 continues.
Other Top Stories in this issue of PowerTALK include:
In this issue of PowerTALK, John Krzesicki, PSR Business Development Manager, reports on 2018 Annual Automotive Industry Outlook Conference.
Polaris Industries, the $5.4 billion maker of snowmobiles, off-road vehicles and motorcycles, says it has agreed to acquire Boat Holdings, a boat manufacturer owned by the Vogel family, management and Balmoral Funds, in an all-cash transaction valued at approximately $805 million.
Monthly news and analysis from PSR’s experts
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