Phoenix :- Rise From The Ashes

VE Commerical Vehicles the then Eicher Motors Limited Launched its first M&HCV in the form of 16 Tonner Jumbo 20.16 in 2002. Launch was a huge success.Then there were turbulent times with ups and downs which finally saw the JV between EML & Volvo in 2008. JV was a major turnaround and the new products coming out of the factory are putting Market Leaders to shame. Below Photograph is self explanatory evidence of the Phoenix which has risen not from the ashes though but “Yes” from the highly turbulent times.     *Coincidental Click :- Seen in Pic is the … Continue reading Phoenix :- Rise From The Ashes

Tata Develops Commercial Vehicles to Fight New Rivals Getty Images Tata commercial-vehicle plant in Pimpri, India. NEW DELHI — Tata Motors Ltd., India’s largest auto maker by revenue, is developing a new range of fuel-efficient trucks and buses to keep its leadership of the commercial vehicle market in India where it expects the entry of several auto makers to challenge its domination in the coming years, its chairman said. “In the coming years, Tata Motors’ predominance in commercial vehicles will be challenged by the entry of international brands like Mercedes-Benz, Volvo and Navistar which have all entered, or are in the process of entering India,” Ratan Tata … Continue reading Tata Develops Commercial Vehicles to Fight New Rivals

Daimler to Roll Out New Products in India Daimler India Commercial Vehicles Pvt Ltd (DICV), a 100 per cent subsidiary of Germany-basedDaimler AG, plans to roll out 17 new products in 18 months in India. According to VRV Sriprasad, Vice-President – Marketing and Sales, Daimler India Commercial Vehicles, the company has proposed to roll out 17 new products in light and heavy duty categories in the next 18 months in the range of 9-31 tonnes to makes its presence felt across the country. Elaborating on the product portfolio, Sriprasad said a 31-tonner GVW (Gross Vehicle Weight) with 230HP would be launched this year and a 12-tonner (range of trucks) by December. He … Continue reading Daimler to Roll Out New Products in India

Truck Rentals Continue to Decline

The impact of 5% excise duty increase in the last Union Budget and 8-11% drop in truck freight rates in April-June’12 period turned out to be a double-whammy for truck sales as volumes plunged by 17.9% for M&HCV goods segment for the quarter as against the same period last year, while multi-axle truck sales were down by 27.5% and tractor trailer sales slid by 22.4%. LCV goods segment grew at 20.1% during April-June’12. We are downward revising our earlier assessment of a flattish growth in the M&HCV goods segment to 10-11% de-growth in FY13E, given the drop in freight availability … Continue reading Truck Rentals Continue to Decline