Search Result for : Commercial Vehicles

By Abin Daya The US Fed hiked interest rates by 25 bps this week, and also signalled that they would be increasing rates at least twice more this year. The Fed rate hike was on expected lines, and there were more than enough signals from officials about the intended decision. They are feeling good about the economic growth, and are worried more about inflation than about growth. However, whether all those expectations will come to pass, we have to wait and see. Closer home, inflation concerns are raising their head again and this will impact monetary policy going forward. The general perception is that RBI will hold the rates at the current level in the next monetary policy announcement in April. Again, need ...

PTI Hinduja Group has shown keen interest to set up a commercial vehicle plant in Jharkhand and a team from the company is likely to visit the state in October.    The proposal from the Hinduja Group came during a meeting with prospective investors and Jharkhand Chief Minister Raghubar Das in New York, an official release said today. Representatives of renowned companies like Clutch Group, Medtronic, Gilead Sciences also met Das, who asked them to invest in Jharkhand.    Das, currently leading a delegation to woo investors in the USA, highlighted the potential of mineral-rich Jharkhand to become an industrial hub.   Hinduja Group chairman P P Hinduja has proposed to set up a commercial vehicle plant in the state and assured the Chief Minister that a company delegation would visit ...

The Dollar Business Bureau Toyota, the Japanese car manufacturer, said it seems ‘unlikely’ for the company to introduce new models in India until 2020 when the new norms on emission kick in and till then it will be able to manage with its prevailing portfolio in the country. Toyota, which operates in the country through its joint venture with Kirloskar group, is planning to come up with hybrids and state-of-the-art technology vehicles in India as part of its long-term approach. “We can’t bring in a technology whether petrol or diesel vehicles and then have Euro-IV suddenly kick in that they have promised by 2020. So right now up till 2020 at least it seems very unlikely that we will bring in ...

The Dollar Business Bureau Tata Motors Ltd, an Indian multinational in automotive manufacturing, said on Monday that its unit in Indonesia has launched two new-generation vehicles in commercial segment in that country. PT Tata Motors Distribusi Indonesia (TMDI), a Tata Motors unit, has launched Tata Xenon XT D-Cab 4x4 pick-up and Tata Ultra 1012 light truck, at the recently held 24th Gaikindo Indonesia International Auto Show (GIIAS) 2016. Both the commercial vehicles have been designed keeping in mind the requirements of the Indonesian customers and have been through a rigorous process of trials of over 25,000 km, across different terrains and operating conditions, the company said in a release. Speaking on the occasion, Ravi Pisharody, Executive Director, Commercial Vehicles, Tata Motors, said, “It gives ...

The Dollar Business Bureau India’s overall automobile exports have declined 11.53% at 3.05 lakh units in July 2016 when compared to 3.44 lakh units in the same month last year, as per the data released by Society of Indian Automobile Manufacturers (SIAM) on Wednesday. During the month, the exports of Passenger Vehicles (PVs) and Commercial Vehicles (CVs) have registered a growth of 3.23% and 13.21% respectively. But, the exports of three-wheelers and two-wheelers have witnessed a dip by 21.86% and 14.61% respectively in July 2016 over the same month previous year. According to SIAM data, total automobile exports decreased by 10.2% at 11.34 lakh units in April-July 2016 against 12.63 lakh units in the corresponding period last year. While exports ...

The Dollar Business Bureau Mahindra & Mahindra Ltd (M&M) has registered 7% decline in tractor sales in July 2016. The Farm Equipment Sector of the $17.8-billion Mahindra Group sold 1,101 tractors during July 2016, against 1,187 tractors in the same month last year. Within the country, the company has reported 15% growth in tractor sales at 16,452 units in July this year, as against 14,273 units during the corresponding month last year. The overall tractor sales including domestic sales and exports rose 14% at 17,553 units in July 2016, when compared to 15,460 units in the same month previous year. With normal rainfall and improved spread across India in July, Kharif sowing has been more than last year, said Rajesh Jejurikar, President and Chief ...

The Dollar Business Bureau The exports of Tata Motors have increased 11% with 5,603 vehicles shipped in the month of June 2016 when compared to 5,046 vehicles sold in the same month last year. The cumulative exports were marginally higher by 2% at 13,816 units sold in the fiscal, over 13,510 vehicles sold in the previous fiscal, the company said in a statement. Tata Motors has registered 14% and 22% growth in the company’s Light Commercial Vehicle (LCV) and passenger car segments respectively in June 2016. The overall sales including exports of passenger and commercial vehicles have surged up 8% with 44,276 vehicles sold in July 2016, against 40,869 sales in the same month last year. The cumulative sales (including exports) were higher 6% ...

The Dollar Business Bureau Mahindra & Mahindra Ltd announced that its exports increased 21% at 4,043 units during May 2016, when compared to 3,337 units in the same month last year. The company’s total sales, including the exports, surged up 11% at 40,656 units in May 2016 against 36,706 units in the same month previous year. The domestic sales of the leading SUV manufacturer of the country rose 10% at 36,613 units during last month, as against 33,369 units in the corresponding month previous year. The sales of passenger vehicles segment that includes UVs, cars and vans have grown 8% at 19,635 units in May 2016 against 18,135 units in May 2015. The sales of medium and heavy commercial vehicles (MHCVs) have ...