Page 7 - Commercial Vehicle

OEMs to drive 16-18% rise in auto-parts MSME revenues: CRISIL SME Tracker

MSMEs in the automotive components sector should see higher growth as well, but will lag average industry revenue growth owing to lack of vertical integration.

Tata Motors to continue investing around Rs 2,000 cr per annum on CV biz

Tata Motors plans to continue investing in the range of Rs 2,000 crore in its commercial vehicle business per annum going ahead in order to drive in new models based on various kinds of powertrains, according to company's Executive Director Girish Wagh. The company, which on Monday strengthened its pickup line with the launches of Yodha 2.0, Intra V20 bi-fuel and Intra V50 models, is also looking to transition to electric mobility through vehicles powered by CNG and other alternative fuel options. "At the company's commercial vehicle business level, we have been investing around Rs 2,000 crore per annum which includes our investment in internal combustion engines, alternate fuel as well as electric vehicles. We will continue to invest at the same rate to ensure that we keep coming with new vehicles," Wagh told reporters at the launch event. Tata Motors, a USD 37 billion organisation, is the country's leading player in the commercial vehicle segment. On a query regarding the company

Expect CV industry to grow in double digits this fiscal: Tata Motors ED

Tata Motors expects the commercial vehicle industry sales growth to be in double digits this year despite hike in interest rates on auto loans, according to a senior company official. Favourable factors such as government's investment in infrastructure, gradually increasing consumption in the country and robust growth in end-use sectors like e-commerce outweigh headwinds such as high inflation and increased interest rates, Tata Motors Executive Director Girish Wagh told PTI. "The actual demand is going to be a net factor of the headwinds and tailwinds, within which the inflation, interest rates remain kind of headwinds," he said. On the tailwind side, Wagh said the government's investment in infrastructure and number of projects, the gradually increasing consumption in the country as also the end-use sectors such as e-commerce are showing robust growth. Also, he said the rising freight rates and fleet utilisation are continuously increasing the transporter confidence index. "It do

Commercial vehicle volumes to stay resilient as recovery takes hold in FY23

Margin pressures may continue on competitive pressures, input cost inflation

Ashok Leyland adds to Bada Dost range, will launch e-LCVs in six months

With superior power, mileage, payload, load body length and loading space, the Bada Dost i1 and Bada Dost i2 help customers earn more profit per trip

VECV reports bus sales rising, sees chip crisis easing in 3 months

Company betting on alternate fuels for growth in commercial vehicles sales, says senior executive

Ashok Leyland expects commercial vehicle industry to grow at fast pace

Ashok Leyland expects the commercial vehicle industry to grow at a fast pace in the coming quarters, with economic activity gaining momentum and demand picking up across segments

Vehicle sales up 27% in June, still away from pre-Covid levels: FADA

However, the overall automobile retail sales declined 8.68% compared with the corresponding month in June 2019, indicating that the broad-based recovery has yet to kick in

After 3 yrs of challenges, auto sector may see double-digit growth in FY23

Industry insiders, analysts say SUVs to lead the charge among cars, two-wheelers to make strong comeback

Truck, bus sales by top-5 manufacturers up 64% to 65,540 units in April

Though growth was seen across segments, big sales push came from small CVs used for last-mile delivery as demand from e-commerce firms remained strong

Commercial vehicle prices to go up in Delhi as govt mulls hiking road tax

The prices of cars, SUVs and commercial vehicles in Delhi may go up as the transport department proposes a hike in road tax of some categories of vehicles, official sources said on Monday.

Ashok Leyland partners Mahindra First Choice for used commercial vehicles

Pre-owned or re-purposed vehicles sector is experiencing exponential and consistent growth since the beginning of the pandemic

Tata Motors may see major re-rating amid apparent recovery in CV biz

Strong rebound likely over the next two years could boost sentiment

Tata Motors bags order for 1,300 commercial vehicles from VRL Logistics

Tata Motors on Thursday said it has bagged an order for 1,300 commercial vehicles from VRL Logistics. The order comprises medium and heavy commercial vehicle and intermediate & light commercial vehicle range, suited for logistics operations of VRL Logistics, the Mumbai-based automaker said in a statement. The vehicles were selected basis the superior drivability, high fuel efficiency and low total cost of ownership, which will enable VRL Logistics to increase its fleet efficiency, it added. "We endeavour to engineer our vehicles to offer the lowest total cost of ownership and our widest service network will ensure best-in-the-industry service support in all corners of the country. We look forward to a fruitful partnership with VRL Logistics and will offer the best support for their seamless operations," Tata Motors Commercial Vehicle Business Unit Vice President, Sales & Marketing Rajesh Kaul noted. Tata Motors said its commercial vehicles are designed and engineered on the ...

Dramatic change in Tata Motors' domestic biz, analysts give it more weight

Equity value of India business comprised of commercial and passenger vehicles now accounts for over half the value in SOTP calculations as compared to 0-30% two years ago

Ashok Leyland expects turnaround in CV business, 30% market share in FY23

Having endured a few very tough quarters, the commercial vehicle major has seen its overall market share hovering around 24-25 per cent

Ashok Leyland wants to be the leader in CNG commercial vehicles

The share of commercial vehicle has constantly increased and is currently at 10 percent of the industry

Recovery in CV cycle, chip supply improvement to support Bosch stock

Margin expansion aided by localisation efforts is another trigger

Volvo Eicher Commercial Vehicles sees 69% surge in sales in FY22

The company sold 32,050 units during the first eight months of 2019-20.

Easing supply and pent-up demand to boost auto sales: A CRISIL analysis

Commercial vehicle (CV) volumes are expected to rise 20-22 per cent this fiscal, aided by economic recovery and the government's infra spending.