Search Results for: tata-posts-18-sales-increase

2023-01-20

Case New Holland(CNH) To Halt Sales of Construction Machinery

CHINA REPORT
Jack Hao
Jack Hao

CNH Industrial Group says it is stopping the sales of construction machinery and equipment in the Chinese market after Dec. 31, 2022. This is another significant development by foreign brands in the Chinese market.

John Deere withdrew from the Chinese market after the original industrial structure was changed by the merger of the Chinese plant of Kobelco Construction Machinery Co., Ltd. At the same time, Hitachi Construction Machinery also made changes to Hitachi Construction Machinery (Shanghai) Co., Ltd., which is responsible for sales and services in China, and set up a new sales and service company, “Hitachi Construction Machinery Sales (China) Co., Ltd.”, which began operating Nov. 1, 2022.

On Dec. 29, 2020, the Ministry of Ecology and Environment announced that from Dec. 1, 2022, all off-road mobile machines below 560kw (including 560kw) produced, imported and sold and their diesel engines installed shall meet the requirements of the Chinese IV emission standard. The implementation time of Chinese IV emission of off-road mobile machinery above 560kw and its installed diesel engines has not been announced.

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2021-04-25

Brazil OEMs Forecast CE Sales Growth of 20% in 2021

Fabio Ferraresi
Fabio Ferraresi

Volvo CE and Case Construction are aligned to affirm CE sales in Brazil will grow 20% in 2021 despite of the effects of the pandemic. With 18% growth of sales in Q1 2021 over the same quarter of 2020, CE executives are optimistic about full year sales.

Source: M&T      Read The Article

PSR Analysis: First quarter of 2020 was a strong sales quarter over 2019 because the pandemic impact was not present until March 16, 2020.

This makes the result of Q1 2021 18% above Q1 2020 really strong and makes executives optimistic about FY 2021 results. In addition to that, the foundation of the segment is robust, with the construction industry activity growing because of strong housing demand, infrastructure bids being restarted and mining growing significantly.    PSR

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

2022-07-20

Heavy Truck Sales Fall by More Than 60% in H1 2022

CHINA REPORT
Jack Hao
Jack Hao

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?

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2022-10-21

Record Sales of Agricultural Machines in Brazil

BRAZIL/SOUTH AMERICA REPORT  
Fabio Ferraresi
Fabio Ferraresi

Friday Oct. 7 Anfavea published the number of 42,800 units of Agricultural machines sold from January to August 2022, 23.6% above same period of 2022.

Source: Automotive Business     Read The Article

PSR Analysis: Record harvest and high commodities prices enable farmers to invest in Agricultural Machines. This situation supports and sustains our production forecast for the year. PSR

By Fabio Ferraresi, Director Business Development South America

2020-11-24

AutoVAZ Shows Best Monthly Sales for 6 Years in October

During October 2020 AutoVAZ increased sales of Lada cars (including the Niva brand) by 22.5% to 37,030 vehicles. This is a best result since October 2014, when the company sold 37,788 cars.

Marketing and sales vice-president of the OEM Mr Morne has explained demand and sales growth by State and own support programs.

AutoVAZ plans to work Saturdays and holidays during November to meet low inventories of cars among dealers.    Read The Article

PSR Analysis: It appears that the grim forecast regarding automotive production in Russia related to the epidemy is not going to come true. However, there is one more factor in the growing demand. The devaluation of national currency will force people to spend their Rubles before they lose a big part of its value.    PSR

2023-07-26

Hyundai China Sales Drop 77% in Six Years

FAR EAST: SOUTH KOREA REPORT

South Korea’s Hyundai Motor has announced that it will sell two plants in China. Beijing Hyundai, a joint venture with China’s state-owned auto giant Beijing Automotive Group, will reduce the number of plants in operation to two. Sluggish sales in the Chinese market have prompted the company to make structural reforms.

Hyundai Motor’s sales in China were 260,000 units in 2022; in 2016 it sold 1.13 million units, a 77% decline in six years.

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2020-04-25

SOUTH KOREA REPORT: Doosan Infracore Hikes Sales Promotion with SNS in China

Doosan Infracore announced on March 24 that “the share of product marketing and customer support using live content broadcasting on SNS is growing in China.” The company has conducted more than 20 live machine maintenance training sessions through SNS, and the total number of users has reached about 7,300, with 140,000 followers on WeChat.

More than 1,200 machines were sold through such online marketing, and the sales of parts sold on WeChat reached 10 billion won.

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2021-10-23

Russian Car Sales in September Drop 22.6%

Sales on new passenger cars and LCVs in September 2021 declined 22.6%, according to the Association of European Businesses (AEB). In total, automotive salons and dealers have sold 119,4 000 cars, which is 34,9 vehicles less than in 2020 September.

According to AEB head Tomas Schterzel, “negative trend is going on” (in August the sales dropped 17%), although the totals for the first nine months of 2021 are showing 15.1% growth versus the same period in 2020. The shortage of vehicles on the market is connected to decreased production and the deficit of semiconductors. The energy crisis in China and UK, growing prices of raw materials and other problems will support negative trend in the market during the near term.

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PSR Analysis: The problem here is not only in components deficit, but primarily in the car prices going up and the consumer’s incomes going down. So, the negative trend will develop further. PSR

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

2022-07-20

VinFast Ends Sales of Two Gasoline Vehicles

VIETNAM REPORT
Akihiro Komuro
Akihiro Komuro

VinFast, an automotive subsidiary of Vingroup, the largest conglomerate in Vietnam, announced that it ended orders for two types of gasoline-powered vehicles in early July. The models covered are SUVs and sedans, and the company now will only sell the Fadil, a compact gasoline-powered vehicle. The company has announced its plan to withdraw from the production of gasoline-powered vehicles by the end of this year and is hastening its shift to EV production.

VinFast states that the reason for the suspension of orders for the two models is that “procurement of parts has become difficult and the number of units delivered to customers was not as large as expected.” The company did not mention the timing of the suspension of orders for Fadil. The company began selling EVs in Vietnam in December 2021.

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