Search Results for: china-april-report

2023-08-21

Maruti Suzuki Plans India Market Expansion

INDIA REPORT
Aditya Kondejkar

Under Maruti’s 3.0 Strategy, the company proposes to expand annual capacity by 2 million units within nine years, and it plans to feature 28 distinct models by 2031. The automaker aims to reach an annual production volume of more than 4 million vehicles by 2031. Of this total, approximately 15% (about 600,000 units) will be electric vehicles (EVs), and about 1 million will be hybrid units.

This represents a substantial 75% surge from the current production capacity of 2.25 million units.

Foreseeing a threefold increase in export volume to 750,000 units by FY31, Maruti intends to allocate 3.2 million units for the domestic market. The company envisions hybrids and EVs comprising approximately 40% of this portion, translating to over 1.2 million units.

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2023-09-16

Japan Sets Target of 300,000 EV Chargers by 2030

FAR EAST: JAPAN REPORT
Akihiro Komuro
Akihiro Komuro

The Ministry of Economy, Trade and Industry (METI) has released draft guidelines for the installation of EV chargers, with a target of 300,000 units by 2030. This is double the previous target of 150,000 units and 10X higher than the current number of installations. The company is calling for the installation of chargers in commercial facilities.

The draft guidelines also call on operators to improve the speed of charging and the convenience of operation. To achieve decarbonization, the government is pushing to expand the installation of rechargers, which had only about 30,000 units as of March 2023.

The installation target includes 270,000 regular chargers at commercial facilities and 30,000 fast chargers on highways. The introduction of a new charging method called “plug-and-charge” will also be encouraged. This is a system in which vehicles can be authenticated and charged simply by plugging them into the charger; it has been adopted by Tesla in the United States. The system eliminates the need to hold a membership card over the charger or use a smartphone app to authenticate personal information.

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Ridesharing Giant Gojek Converting Vehicles To EVs

SOUTHEAST ASIA: VIETNAM REPORT

Indonesian ridesharing giant Gojek plans to convert all its motorcycles to EVs by 2030. The adoption of EV motorcycles is now in full swing in Indonesia, the largest motorcycle market in Southeast Asia with annual sales of more than 5 million units.

Gojek, the country’s leading ridesharing and delivery company, is said to have over 2 million registered riders, including both motorcycles and cars. The full conversion to EV bikes is expected to contribute significantly to the Indonesian government’s goal of 9 million EV bikes by 2030.

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2023-10-23

2023 Cannes Yachting Festival Sets Records

EUROPE REPORT
Natasa Mulahalilovic
Natasa Mulahalilovic

The 46th Cannes Yachting Festival was the largest one ever, hosting 610 exhibitors and 705 boats. The Cannes Yachting Festival remains the largest and the most visited European pleasure boat show organized on the water.

The show’s organizers said the event has never hosted that many motor and sailing, mono and multi hulls, outboard boats, ribs and semi-rigid boats, tenders, electric, hydro-foiling, and other types of boats. 

The show ran Sept. 12-17, offering six days of meetings and exchange with boat builders, engine and equipment manufacturers, designers and architects and other professionals from the pleasure marine industry.

The event hosted by a beautiful Mediterranean Cannes attracted 55,000 visitors coming from more than 130 worldwide countries. As usual, it was organized in two locations in the city, Vieux Port and Port Conto des Cannes. Motorboats and yachts in all sizes and with all propulsion types were displayed at the Vieux Port and sailing yachts and catamarans at the Port Canto des Cannes.

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2023-10-24

Brazil To Become Hub for EV Bus Chassis Production

BRAZIL/SOUTH AMERICA REPORT 
Fabio Ferraresi
Fabio Ferraresi

Mercedes is exhibiting its electric bus chassis eO500U at Busworld in Brussels targeting other markets where the body is assembled over the bus chassis. Traditionally, the exports of Mercedes from Brazil are over 50% of the total production and it targets to expand this percentage with the new BEV, that has WEG drives, BorgWarner batteries assembled in Brazil with imported battery supplies.

Source: Valor Economico     Read The Article

PSR Analysis: While the push from São Paulo city to buy only BEV buses in the near future jeopardizes current chassis manufacturers business, it boos the development of BEV chassis and allow exports to other countries. Mercedes runs against the clock to compete with players like BYD and Higher with BEV chassis already developed.   PSR

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

Komatsu To Develop Electric Excavator with Honda

FAR EAST: JAPAN REPORT

Komatsu says it will launch the PC05E-1 electric micro excavator, jointly developed with Honda, in the Japanese market in October. In the domestic construction equipment market, where the electrification market has not yet been developed, Komatsu plans to quickly create a market to achieve carbon neutrality by 2050 by introducing a variety of models.

The machine is an expanded version of the PC01E-1 electric micro excavator, which was introduced to the domestic market in March 2022. The current “PC05-1” micro excavator, which is widely used for small civil engineering and construction work as well as gas, electric and plumbing sites, has been electrified by installing the Honda Mobile Power Pack e: or electric power unit (eGX) as a power source, like the “PC01E-1”. Komatsu aims to achieve electrification by FY2023.

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Sonalika Group Plans $100 Million for Export Facility

INDIA REPORT
Aditya Kondejkar

Sonalika Group is planning to spend approximately $100 million to set up a manufacturing facility for the production of tractors aimed at the international export market. Production will be used to developing products tailored to meet customer requirements in Latin America, Europe, United States, Oceania and South Asia

“We are looking at investing $100 million to set up a dedicated facility for exports. The new unit will have total installed capacity of 100,000 units and will be commissioned within the next two years,” according to Gaurav Saxena, director and CEO of the company’s International Tractors Ltd., operation.

One-third of the group’s revenue is attributed to exports, and the organization aims to be among the world’s top three tractor brands by 2030, considering the global sale of 1.5 million tractors. Presently, ITL exports 35,000 units and has set a target to reach 100,000 units within the next seven years.

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2023-11-16

Construction Equipment Set for Substantial Growth

INDIA REPORT
Aditya Kondejkar

The construction equipment industry anticipates a robust 5-year outlook with a projected 15% year-on-year growth. This optimistic forecast is anchored in the momentum generated by ongoing construction projects and increased infrastructure spending. The government’s substantial allocation of $130.57 billion (Rs 10 lakh crore) underscores its commitment to fortifying this sector.

Moreover, the recognition of the scale and technological prospects within the construction landscape further emphasizes the strategic importance of advancements in this domain.

Source: Times of India:   Read The Article

The construction equipment (CE) sector has undergone significant transformation over the past 2-3 years, marked by major players reaching peak manufacturing capacities and subsequently embarking on expansive growth initiatives.

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Kubota and Sumitomo Plan Mutual Supply of Equipment

JAPAN REPORT
Akihiro Komuro
Akihiro Komuro

Kubota Corporation and Sumitomo Construction Machinery Co., Ltd. said they have begun discussions regarding the mutual supply of construction equipment.

Internationally, the growing demand for housing and the expected increase in construction work related to infrastructure investment and urban development, plus the increasing shortage of construction labor, are expected to create strong demand for construction equipment to improve efficiency and reduce labor requirements.

Kubota develops, manufactures, and sells small construction equipment used in urban construction, while Sumitomo Construction Machinery specializes in medium and large construction equipment used in a wide range of civil engineering and forestry work.

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Transitioning from ICE Buses to Zero-Emission Engines

NORTH AMERICA REPORT
Chris Fisher
Chris Fisher

During the past few months, we have seen significant changes in the bus market in Europe and North America as operations convert from internal combustion engines to zero-emission buses. 

In Europe, Scania and Volvo are moving from building complete buses to a chassis only build.  The high cost of zero-emission buses and a competitive market are primary reasons for this.  The expected growth of zero-emission buses is forcing the OEMs to better streamline operations, and we expect to see other large OEMs transition down this path. 

Source: AMS

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