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HDMA-PSR Webinar Report
Power Systems Research produced a one-hour webinar with the Heavy Duty Manufacturers Association (HDMA) that provided the outlook for commercial vehicle production in North America and Europe during Q4 2020 and 2021.
Download the presentation by PSR representatives Chris Fisher, senior commercial vehicle analyst, and Emiliano Marzoli, senior business development manager-Europe. A member survey…
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HDMA Presents Pulse Webinar with PSR
Providing 2021 Forecast on Global Production of Commercial Vehicles
Power Systems Research will produce a one-hour webinar with the Heavy Duty Manufacturers Association (HDMA) providing the outlook for commercial vehicle production in North America and Europe during Q4 2020 and 2021.
Hope you can participate. During the session, we’ll present important information that updates the North American comments we made in our COVID-19 Impact webinar in June. The HDMA Pulse Series Webinars provide suppliers with the information needed to make decisions in today’s rapidly changing business environment.
The webinar will be held Wednesday, Oct. 14, 2020 1:00pm – 2:00pm EDT.
Space is limited, so please register as soon as possible using the REGISTER NOW button on the HDMA website at www.hdma.org. If you are not a PSR Client or HDMA Member, an individual registration is $100. -
OEM Off-Highway Magazine: Heavy Equipment Markets See Improvement in 2021
Off-road equipment markets are expected to see a slight recovery from the devastating effects of COVID-19 in 2021, according to a report prepared by Power Systems Research that appeared in the October 2020 issue of OEM Off-Highway magazine.
One segment, the construction equipment market in North America has been riding a strong economy over the past few years. The segment was due for a slowdown; however, current worldwide economic conditions have caused a rapid cycle…
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JAPAN REPORT: Toyota, Honda, Shell To Expand Hydrogen Fueling Network in US
Toyota, Honda and Shell announced a plan to expand their hydrogen refueling network in California.
Akihiro Komuro Shell will install hydrogen refueling systems at 48 gas stations using a grant from California’s hydrogen refueling infrastructure support. The company will also upgrade two Shell hydrogen stations and add fuel dispensers to heavy-duty truck stations.
Additionally, Toyota and Honda have agreed to expand sales of fuel cell vehicles (FCVs) in California to support the Shell hydrogen Stations. Toyota and Honda plan to expand sales of the Mirai and Clarity Fuel Cell, respectively.
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SOUTH KOREA REPORT: Doosan Infracore Collaborates with Game Developers
Doosan Infracore says it has signed an MOU with Unity Technologies Korea for mutual cooperation in the development of a construction process simulator.
Akihiro Komuro This is the first joint project with a game engine developer in the construction equipment industry, which is rare in the global construction equipment industry.
The game engine is regarded as very useful in various industries such as shipbuilding, logistics and construction. Doosan Infracore and Unity will work together to develop a simulator. It realizes various physical elements on a construction site where excavators and other equipment operate in a virtual environment. The simulator will be very useful in accurately predicting complex variables that may occur on a real construction site.
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VIETNAM REPORT: VinFast Enters Luxury Segment With New SUV
Vietnamese automaker VinFast has launched a luxury SUV, the VinFast President, to take on global brands like Lexus and Mercedes. To cost VND4.6 billion ($198,200), the seven-seater looks similar to VinFast’s first SUV, the Lux SA2.0, but with more advanced technologies and frills like massage and heated seats.
Akihiro Komuro Its 420HP V8 engine can go from zero to 100 kilometers per hour in 6.8 seconds and offers a top speed of nearly 300 kph. VinFast will produce only 500 units and sell them exclusively in Vietnam. The first 100 customers will get a 17% discount on the price.
In its segment, the VinFast President costs 45% less than the Lexus LX 570 and 33% less than the BMW X7. Industry insiders say it lacks some premium features often seen in luxury cars such as captain’s chairs, TV screens and a high-end sound system. The vehicle signifies the ambition of VinFast, a unit of Vietnam’s largest conglomerate, Vingroup, to enter all segments of the auto market after bringing out its first vehicle in July last year.
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Belaz Wins Tender To Sell 96 Mining Trucks To India
The world’s leading mining trucks OEM – Belaz – has won the opportunity to supply 96 mining trucks to India, taking the prize from US and Japanese manufacturers.
Maxim Sakov They are heavy 220-ton mining trucks. The supply will take two years. Twelve trucks will be shipped to India this year, and the rest will be sent in 2021. The total contract value exceeds US$ 300 million. Belaz also is completing a previous large contract with India for 77 trucks.
PSR Analysis: Historically, Belarussian…
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Production of First Russian EV Passenger Car Postponed
Zetta company has had to shift mass production of its Russian car “City Modul 1” until after 2020 because the Fund of Industry Development refused to provide credit of 99.9 million Rubles (about € 1.1 million).
Maxim Sakov According to the Fund opinion, the company has insufficient budget to start the production, even with the requested credit. “The company needs an investor, who will believe in market potential of the product, and will co-finance the project together with the fund. The fund is ready to consider application one more time as soon as such investor will be found,” the Fund said
“City Modul 1” would become first serial Russian electric car. Zetta plans to make the car on its own production site in Tolyatti; production capacity is 15,000 units per year.
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Western Auto OEMs Seek Privileges for LNG Trucks
Move is opposed by Russian KAMAZ which plans to make similar machines.
Maxim Sakov Market players have proposed canceling import taxes and utilization fees for commercial vehicles fueled by LNG until 2025. The target of the measure is the development of LNG-transport until the appearance of domestic analogs of such machinery.
The suggestion comes from foreign makers of LNG on-highway tractors and supported by Gazprom. Now, no imported vehicles are exempted from these taxes.
The import tax for on-highway tractors is 5% of their cost, and the utilization fee is 10 to 12K Euro. LNG tractor is more expensive than its diesel analog by about 35K Euro.
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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.
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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