Russia New Car Sales Drop 70% in April

New car sales plummeted by 102,000 vehicles in April, the largest monthly car sales decline in history in Russian, according to the Association of European Business.

Maxim Sakov
Maxim Sakov

During April, Russia introduced strict quarantine measures because of the coronavirus, causing car sales to fall by 102,089 units, or 72.4%.

After strong sales in March, dealers have had to suspend or restrict their activity.

“Black April” has dealt a strong blow to dealer cash liquidity, and seriously affected stability during middle-term period. The dealers are preparing to restart their business in May; however, they don’t expect significant sales growth.

AutoVAZ , the largest Russian car manufacturer, reported sales declined by three times in April over March.

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Mahindra To Set Up New Plant for Farm Equipment

Aditya Kondejkar

Mahindra and Mahindra Ltd (M&M), market leader in the Indian tractor industry, is betting on farm equipment because of increasing demand. The decision is greatly influenced by the healthy agricultural output, record sales for tractors and reverse migration since last year.

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PSR Analysis: The company is trying to enter the untapped farm mechanization segment in the country. According to Mr. Hemant Sikka (President Farm Equipment Sector Mahindra) this market has very high potential as India has only 1% share of the global farm equipment market vs. 10% of the global tractor market. 

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Electric VW E-Delivery Has New Chargers and Reach Into Colombia

BRAZIL REPORT
Fabio Ferraresi
Fabio Ferraresi

VWCO will increase the offer of homologated chargers and now it can be charged in more than 10 different wall boxes. In addition to the new chargers, VW is starting the sale effort in Colombia in agreement with Porsche Colombia, with versions of 11 and 14 tons.

Source: Automotive Business    Read The Article

PSR Analysis: Colombia is a market with high acceptance for EV and alternative propulsion and sales of this vehicle should grow fast. Total cost of ownership is still an issue for this product in Brazil, but many companies are investing in these products to associate the green and environmental appeal to its brands.   PSR

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

New India Budget Disappoints Auto Industry

This article initially appeared in the February 2020 issue of PowerTALK News.

Source: Business Today   Read The Article

Ritvik Kulkarni
Ritvik Kulkarni

PSR Analysis: The Indian Automotive Industry was largely left disappointed with the budget after no direct steps were taken to arrest the decline in automotive sales. Although keeping long term benefits in mind, the budget did introduce measures to boost the rural economy, which in turn will directly benefit the commercial vehicle industry which is an important driver for the economy.

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Japan: Toyota, Nissan and Honda Research e-Fuel as New Fuel

Toyota, Nissan, and Honda each are preparing for stricter environmental regulations in 2030 by focusing on research and development of e-fuel, a synthetic liquid fuel made from carbon dioxide (CO2) and hydrogen (H2).

Akihiro Komuro
Akihito Komuro

e-Fuel is a liquid hydrocarbon chain fuel made from the catalytic synthesis of H2 and CO2 from the electrolysis of water.

Generated from renewable energy sources, they are “carbon neutral,” which means they emit and absorb the same amount of CO2. The e-fuel can be mixed with gasoline or diesel fuel.

The three Japanese companies each have begun researching efficient synthesis and use methods and business models. The reason for researching e-fuel is that, in addition to complying with regulations, the degree of penetration of e-fuel will have a significant impact on the ratio of EV and HEV sales.

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New Wave of COVID-19 Cuts Brazil Motorcycle Production by 50%

Manaus-AM had the biggest impact of COVID 19 in Brazil and it is where Honda and other Motorcycle OEMs have production plants. Honda, responsible for over 80% of the production, had to stop twice in January due to the pandemic effects. The consequence is that the production in January 2021 fell by 50% when compared with January 2020 and by 27% when compared with December 2020.

Source: Press Release      Read The Article

PSR Analysis: The demand for motorcycles remains high and the forecast is 10% growth over 2020. These stops are punctual. Volumes should be recovered as pandemic effects slow down during 2021 with the vaccines and the growth forecast is kept so far.   PSR

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

Listen To New PSR PowerTALK Podcast

Now, you can listen to the leading analysts and editors from Power Systems Research discuss the outlook for powertrain news each Tuesday by region and by targeted industry segments on PSR PowerTALK Podcast.

PSR PowerTALK podcasts include Forecasts by PSR analysts, interviews by PSR analysts with industry leaders and production reports on specific applications produced by Carol Turner, Senior Analyst at Power Systems Research.

You can listen to the PowerTALK podcasts on your favorite podcast provider or by visiting the Power Systems Research PowerTALK Podcast Archive on this website.

Visit the PSR PowerTALK Podcast Archive

Edge Computing Makes America More Efficient

John Krzesicki talks with Carrie Goetz about the trends in edge computing, a movement that shifts data processing from the cloud to local data centers closer to the applications.

Transcript

Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.

00:06 John Krzesicki

Hello, my name is John Krzesicki with Power Systems Research. I’m a business development manager for the US and with me today I have Carrie Goetz who is a fractional CTO for multiple companies. She’s been in the business for many years. She was also voted as being one of the most influential women in the tech industry in 2020.

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Russia Economic Outlook – April 2021

Maxim Sakov, Market Consultant-Russia for Power Systems Research, discusses his Q1 2021 economic outlook for Russia in this episode of PSR PowerTALK.

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.

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CTT Bauma Moscow Shows Growing Optimism in Russian Construction Market

Maxim Sakov
Maxim Sakov

The CTT Bauma trade show is main event of construction industry in Russia. Since 2017 it’s owned and operated by Messe Munich. The show was conducted this year in Moscow May 25-28 in its usual place, the Crocus Expocenter. Last year, the fair was off because of the COVID pandemic, but this year we saw that both the exhibition and construction industries are showing a growing trend. The fair’s indoor exposition was restored to three pavilions, and the outdoor exposition also grew in size versus 2019. There were 351 exhibitors from 17 countries, somewhat better than last time. A total of 184 brands were represented.

Here is, however, one unpleasant factor. Most of the international OEMs did not participate in the fair this time. Wirtgen, Volvo, Cummins, Caterpillar, Ammann, Hyundai, Renault, Komatsu machines were missing from this fair. John Deere, Doosan, Kato, and some other brands were limited, having only small booths, set by the local dealers. Many Russian machine makers, who usually participate in the fair, also ignored the event. Among them – GAZ, Chetra, DST-10, Chelyabinsk Tractor Plant, YAMZ.

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