In a new development against the illegal levy of Entry Tax by Govt. of Goa on all Non Goa registered vehicles, AIMTC president Mr. Bal Malkit Singh has issued circular to all its Managing Committees , District Level Associations & all its members for boycotting and not sending their vehicles to State of Goa. In his letter Mr. Bal also mentioned that Transporters from the market of Belgaum of Karnataka & Kohlapur of Maharashtra have decided against sending their vehicles to Goa as the talks between them and the Govt. failed on the decision to roll back of entry tax.Govt. of Goa is charging Entry … Continue reading All India Motor Transport Congress (AIMTC) Boycotts Collection of illegal Entry Tax by Goa Government.
Volvo to come out with new diesel engines and transmission Volvo is all set to ditch its Ford-sourced engines with the introduction of the new Volvo Engine Architecture (VEA). This new family of engines focuses on high diesel fuel efficiency figures. The i-ART technology uses pressure feedback from individual injectors instead of single pressure sensor in a common rail engine. i-ART automatically monitors the fuel pressure and conditions to maximise fuel economy. Along with this engine, Volvo will also debut its first 8-speed automatic gearbox which is said to have seamless shifts. Volvo further elaborates that its 4-cylinder engines will … Continue reading Volvo to come out with new diesel engines and transmission
With much fanfare Honda Cars India created history with the launch of its much awaited Sub 4 Meter Sedan, “Amaze”. For the first time “Honda” globally has ventured into Diesel segment and came up with 1.5L Diesel Engine especially for Indian Market. In recent times preference for Diesel Cars has shot up so rapidly that they represent close to 40% of Maruti’s Total monthly sale. The same is true for the Hyundai’s sale with Diesel Cars contributing approx. 30% of the overall sales. Coming back to the new launch, Honda has Priced “Amaze” quite competitively in direct competition Maruti’s DZire which … Continue reading "Amazed" or "DZired" – The Real Question
Banks and other lenders are sitting on a huge inventory of over 35,000 repossessed (loan defaulting) trucks/trailers, even as medium and heavy truck sales crashed 25.6% in 2012-13, according to a report by independent agency Indian Foundation of Transport Research and Training (IFTRT). Multi-axle trucks and tractor trailers led the sales crash with a 32.5% drop reflecting the poor cargo offerings from manufacturing sector, infrastructure sector and import-export trade. Quarter on Quarter drop is tabulated below:- MHCV Sales 2011-12 2012-13 %Change Q1 75,054 66,048 -12 Q2 85,726 74,645 -12.9 Q3 84,141 57,832 -31.8 Q4 104,295 70,184 -32.7 “The economic scenario across … Continue reading IFTRT Report: 35,000 repossessed Trucks, Trailers pile up with lenders
‘Most Affordable’ 2Wheeler ever from Honda in India At 74 kmpl, Dream Neo gives ‘Highest Fuel Efficiency’ too! With Dream series, HMSI aims over 150% growth in 100-110cc mass segment HMSI confident of achieving 43% growth in FY14 to 39.3 lac unit sales New Delhi, April 17, 2013: Eyeing exponential growth of its business in India, Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) today unveiled the much awaited second ‘Dream Series mass motorcycle’– the 110cc DREAM NEO. Honda Dream Neo … Continue reading Honda unveils new 110cc DREAM NEO under ‘Dream’ series for INR43,150 (Ex-showroom Delhi) [Company Press Release]
Volvo AB, set to surpass Daimler to become the world’s largest maker of heavy trucks after acquiring stake in Dongfeng Commercial Vehicles, is looking to induct Eicher as the fifth brand in its global portfolio. The move could be aimed at increasing penetration in emerging markets.As part of Volvo’s global portfolio, Eicher products would be retailed at Volvo dealerships in specified markets. In the first phase, VE Commercial Vehicles (VECV), the 50:50 Indian joint venture of the Volvo Group and Eicher Motors Limited (EML), would leverage Volvo’s distribution network to sell Eicher-branded vehicles in markets across South Africa, West Asia … Continue reading Eicher might become part of Volvo AB’s global portfolio – A move aimed at increasing penetration in emerging markets.
Bajaj Auto , India’s second largest two-wheeler maker reported a 10 % year-on-year decline in sales in March at 3.01 lakh units amid continued sluggish demand for motorcycles. Rajiv Bajaj, MD of the company feels the market for auto sector remains quite challenging and expects growth in April-June to be between 0- and -5 %. Talking about the targets for the next fiscal, Bajaj says the company would try to strike double digit growth and get closer to 5 million (50 lakh) vehicle sales. However, it is going to be a bumpy road, given the sluggish growth in the two-wheeler … Continue reading Media Interview: Mr Rajiv Bajaj, MD – Bajaj Auto: Slow growth in 2W industry to continue in April-June.