Search Results for: motorindia-india-cv-market-facing-lower-demand-2019

2020-09-27

Belaz Wins Tender To Sell 96 Mining Trucks To India

The world’s leading mining trucks OEM – Belaz – has won the opportunity to supply 96 mining trucks to India, taking the prize from US and Japanese manufacturers.

Maxim Sakov
Maxim Sakov

They are heavy 220-ton mining trucks. The supply will take two years. Twelve trucks will be shipped to India this year, and the rest will be sent in 2021. The total contract value exceeds US$ 300 million. Belaz also is completing a previous large contract with India for 77 trucks.

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PSR Analysis: Historically, Belarussian Belaz has supplied most of its trucks to Russian mines. However, this year it has suffered a dramatic decrease in demand from Russia. So, the OEM has had to shift its focus to other markets. Its product range includes dump trucks from 30 to 450 ton capacity, wheel loaders and dozers. OEM uses YAMZ, Cummins, MTU, Scania and Liebherr engines for its machines.   PSR

Maxim Sakov is a Market Consultant in Russia, for Power Systems Research

2020-02-25

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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2021-09-26

India EV Segment Gains Traction

Aditya Kondejkar

The EV segment in India is continuing to grow with additional government support. In July of this year, the government partially modified the Faster Adoption and Manufacturing of Electric Vehicles (FAME) in India Phase II. It has included an additional demand incentive for electric two-wheelers to ₹15,000 per KWh from an earlier uniform subsidy of ₹10,000 per KWh for all EVs, including plug-in hybrids and strong hybrids except buses.  

This decision will increase the subsidy for such vehicles by 50% under the FAME II scheme and be a game-changer in adopting EVs.

Such moves from the government will boost faster adoption of EVs. Furthermore, with this kind of solid support, OEMs will also take a step forward to accelerate the mass adoption of EV.

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2020-09-27

Regulatory Changes Could Boost India Auto Industry

India’s auto industry has slid back to the level of nearly a decade ago due to multiple regulatory changes, a slowing economy, liquidity issues, and the COVID-19 pandemic.

Aditya Kondejkar

The auto industry has shown signs of recovery over the last couple of months; however, an additional demand push is required to generate sustainable growth. The government is evaluating a series of possible measures such as a revision in the goods and services tax (GST) rate and a production-linked incentive and scrapage policy.

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GST Revision: The GST council is evaluating an industry 10% GST cut across categories of vehicles.

This GST revision will defiantly neutralize the impact of the price hike due to BS-VI upgradation. Further, this GST revision will give a strong thrust to auto sales during the coming festive seasons. 

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Winter is Coming…(and Consumers are Ready). Q3 2019 Report

SUMMARY: Gen-set sales in Q3 2019 rose 7% from Q2 2019, due to a continued strong demand for standby power systems. Standby systems in both the residential and commercial sectors drove the 7% growth (the highest QoQ growth of the year so far), with the 10-20kW range increasing sales by nearly 12% and the 21-50kW, 51-100, and 101-300kW ranges growing 5-7%.

On a Year-on-Year basis, overall unit sales for Q3 2019 were up 2.9% compared to sales levels in Q3 2018.

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2021-04-25

India Government Announces Scrappage Policy

Aditya Kondejkar

The central government in mid-April announced its long-awaited vehicle scrappage policy. Under the new policy, in case of failure to get a fitness certificate, commercial vehicles will be de-registered after 15 years. Private vehicles will be de-registered after 20 years if found unfit or in case of a failure to renew registration certificates

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There are approximately 50 lakh vehicles in India that are older than 20 years, approximately 35 lakh vehicles older than 15 years, and approximately 15 lakh older than 15 years without renewed fitness certificate.

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PowerTALK, March 2019

PowerTALK_March 2019Download

Forklift Production Climbs in 2019

Production of Rough Terrain Forklifts in the U.S. this year is expected to be about 14,400 units, according to Carol Turner, PSR Senior Analyst, Global Operations. Her report is one of the Top Stories in the March 2019 issue of the PSR PowerTALK newsletter.

Other stories include a report on the 2019 Moscow Boat Show, a report on Q4 2018 gen-set sales in North America as part of PSR’s quarterly PowerTRACKER proprietary survey, plus stories from Asia, India, South America and Europe.

TOP STORIES

  • Rough Terrain Forklifts
  • EGSA Conference Report
  • NA Gen-Set Sales
  • Argentina LV Production Drops
  • Columbia LV Sales Forecast
  • China Boosts Methanol Use
  • Deutz Posts Strong Earnings
  • Kawasaki Completes India Plant
  • Doosan Wins Contracts
  • Indonesia Backs EVs
  • India Plans Tariffs
  • India Car Sales Decline
  • Moscow Boat Show Report
  • Russia Electric Car Market
  • Japanese Trucks in Moscow

2023-09-15

Strong E-Bike Market Growth Seen

The pandemic bike boom boosted e-bike sales 145% from 2019 to 2020, more than double the rate of classic bikes, according to the market research firm NPD Group.

Research by Power Systems Research estimates the global e-bike market size at US$ 23.2B in 2022 and expects the market to reach US$ 78B by 2030, exhibiting a CAGR of 10.5%.

E-bikes are bicycles equipped with electrical motors for transforming electrical energy into mechanical energy to assist pedaling. They use rechargeable batteries that require minimum maintenance and provide power to the motor.

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2019-10-31

2019 North American Commercial Vehicle Show (NACV)

Power Systems Research had a booth presence at the 2019 North American Commercial Vehicle (NACV) show that took place at the World Congress Center in Atlanta, GA, Oct. 28-31, 2019.

The NACV featured a “Technology Showcase” where many of the leading OEMs and supply chain companies put their latest market introductions on display.  There were over 500 exhibitors at the show – assembled in both Exhibition Hall A and Exhibition Hall B of the World Congress Center. 

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