News

2020-11-24

TRATON-Navistar Merger Impacts Engine Development

Chris Fisher
Chris Fisher

In November, Volkswagen’s TRATON group and Navistar announced a merger agreement in which TRATON will acquire all outstanding shares of Navistar.  Previously, TRATON held 16.7% of Navistar’s common shares.  The deal is valued at $3.7 billion and is expected to be finalized in mid-2021.

Navistar has been in collaboration with TRATON’s brand MAN for a number of years, primarily with regard to engine development.  PSR believes additional engine offerings will be one of the primary goals to improve profitability and long-term market share improvement within the class 8 truck segment.

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2020-11-19

Power Systems Research and JCB Power Systems Offer Construction Equipment Outlook Webinar

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On Monday, Nov. 30, 2020, at 9:00 am CST, representatives of two leading international firms will present a free one-hour webinar discussing the construction outlook in Europe and North and South America.

During the session, Power Systems Research and JCB Power Systems will present the latest information on the impact of COVID-19 on construction equipment production. JCB will provide details on emissions in developing engine technologies that are coming to market across the globe.

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2020-10-31

COVID Delays Trade Shows

Maxim Sakov
Maxim Sakov

MOSCOW–October in Russia has seen increasing restrictions related to the COVID quarantine placed on trade shows. Most shows which normally would be held at this time, have been cancelled or shifted to 2021.

Fairs such as “Busworld” and “Interauto” will not take place this year. However, some events have been included on a so called “exception list,” or official list of trade shows and congresses, planned to be conducted in here from Oct. 20, 2020, to 30 Nov. 30, 2020. Among these events are Mining World and the Heat and Power trade show, held Oct. 27 – 29 in the Crocus Expo Center here.

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2020-10-28

Sollers-Ford Restarts Engine Plant in Elabuga

Maxim Sakov
Maxim Sakov

JV Sollers-Ford will resume production at its engine plant in Elabuga; the plant was closed in the summer of 2019 after Ford has left the Russian Passenger Car market. The engine plant in Elabuga is again owned by JV. Total investment in new project is expected to exceed US$ 8 million (627 million rubles).

The plant will produce diesel engines for LCV Ford Transit units. Mass production is planned for 2023, and production capacity will be 25,000 engines per year.

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Production of BelAZ Dump Trucks May Be Started in Russia

Minsk has offered to Moscow to localize production of heavy mining BelAZ trucks in Russia. It was announced by deputy of Trade Minister Mr. Evtukhov.

“At the moment Belorussian colleagues have offered to produce BelAZ trucks in Russian Federation, to localize… I think, this project could be implemented – says Mr. Evtukhov on joint meeting of trade committees of two countries.

Note, that in Belarus since 9 August the protests have started. BelAZ workers also participated in meetings and strikes.    Read The Article

PSR Analysis: BelAZ produces one of the world’s largest HHP mining trucks (up to 450 ton capacity), and Russia was one of its key markets until this year. However, now the import volumes to Russia have dropped significantly. Today, production of similar trucks in Russia is localized by Caterpillar. Similar projects also are developed by local OEMs (Tonar, KAMAZ). So, BelAZ is searching for ways to keep its market share.    PSR

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

Hyundai Plant in St Petersburg To Reduce Production by 15%

Hyundai plans to reduce annual production by 15% at its St Petersburg plant, according to plant director A. Kossack. As he notes, production volume at the plant has dropped significantly this year: in H1 2020, the plant produced only 73,000 cars, 25% of its production capacity.

Taking into consideration September’s output of 24,000 cars, total production volume through the end of the year should reach about 200,000 vehicles, almost 15% below the 2019 results. The plant has just returned to a three-shift working schedule. During the post-quarantine period, the plant working on a two-shift basis, making 700 cars per day. 

 Read The Article

PSR Analysis: It appears that the most pessimistic forecasts for the passenger car market to drop 40-50% are not going to be realized. Despite this outlook, Hyundai remains positive about the Russian market, and plans to start engine production here in 2021.    PSR

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

DICV To Strengthen Dealership Network

Aditya Kondejkar

Daimler India Commercial Vehicle (DICV), a subsidiary of Stuttgart-based Daimler, plans to increase its dealership count by 10% to 250 this year.  Read The Article

As Ashok Leyland (second largest player in the MH CV segment) is reducing its business to focus on SCV, DICV is adopting an aggressive strategy in the struggling Indian MH CV industry.

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Tractor Companies Boost Output as September Sales Surge 80%

For 18 months, tractor factories were working on a single or 1.5 shift basis at best because of demand slowdown. With numbers picking up, factories now are moving to two or three shifts to hit 100% capacity utilization. The capacity is currently 9.5 lakh units on a two shift basis, but we can also go to three shifts if the demand holds up.      Read The Article

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Yanmar To Analyze Data on Agricultural and Construction Equipment

Yanmar Holdings announced it will begin operating Yanmar Synergy Square, a support base for monitoring the operational status of customers’ agricultural and construction equipment, beginning Oct. 19, 2020.

Data will be collected and analyzed via communication from sensors installed on machines and equipment. It will suggest parts replacement and maintenance before they malfunction. It was built at a cost of 2.5 billion yen (23.8 million USD) and will be operated by Yanmar Global CS, a subsidiary of the company.

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