Page 9 - Commercial Vehicle

Mahindra & Mahindra hikes prices of personal, commercial vehicles by 1.9%

Mahindra & Mahindra (M&M) on Friday announced hike in prices of its range of personal and commercial vehicles by around 1.9 per cent with immediate effect. Mahindra & Mahindra (M&M), part of the USD 19.4 billion Mahindra Group, will raise the prices of range of personal and commercial vehicles by Rs 4,500 - Rs 40,000, depending on the model and variant, the Mumbai-based automaker said in a regulatory filing. M&M said in the case of new Thar, the current price increase will be effective for all bookings done between December 1, 2020 and January 7, 2021. All fresh bookings for the new Thar, effective January 8, 2021, will have prices as applicable on the date of delivery, the company added. Veejay Nakra, CEO Automotive Division, M&M said the price increase was necessitated due to unprecedented increase in commodity prices and various other input costs over the past many months. "We have made all efforts to reduce our costs and deferred price increase for a ...

Commercial vehicle sales may take longer to recover than expected: Ind-Ra

Commercial vehicle sales in India could take longer to recover than expected despite improving macro-economic indicators, according to India Ratings and Research (Ind-Ra)

Maruti Suzuki's Super Carry records cumulative sales of over 70k units

Automobile major Maruti Suzuki's commercial vehicle Super Carry has reached a cumulative sales of more than 70,000 units in the last four years.

Tata Motors to increase commercial vehicle prices from January 2021

Tata Motors on Monday said its commercial vehicle prices will be revised upward from January next year.

PV retail sales rise 4.17% in November, two-wheeler sales decline 21.4%

New launches, specially compact SUV's, continued to show good demand in the PV segment

EV battery maker Romeo Systems to go public through $1.33 bn merger deal

Romeo will use the proceeds for capacity expansion and research & development to further develop battery system technologies for commercial vehicles

Auto companies see sales revival in Aug over increase in passenger vehicles

The top two carmakers in India, Maruti Suzuki and Hyundai, led the recovery in the auto market in August with 20.2 per cent and 19.9 per cent increase in their respective domestic wholesales of passenger vehicles during the month. Mahindra & Mahindra (M&M) also saw its domestic passenger vehicle sales grow by 1 per cent last month, while Toyota Kirloskar Motor witnessed a decline in its passenger vehicle sales, although there was improvement over the preceding months since the gradual reopening of the economy. The country's largest carmaker Maruti Suzuki India (MSI) said its domestic sales increased by 20.2 per cent to 1,16,704 units last month, as against 97,061 units in August 2019. The company's total sales grew by 17.1 per cent, an increase at 1,24,624 units in August as compared to 1,06,413 units in August last year. MSI's sales of mini cars comprising Alto and S-Presso stood at 19,709 units as compared to 10,123 units in the same month last year, up 94.7 per cent. Sales .

Mahindra ties up with Israel's REE Automotive to develop commercial EVs

The tie-up will leverage REE's electric vehicle corner module and platform technology of integrating powertrain, suspension and steering components in the arch of a vehicle wheel

PM's reforms-cum-stimulus will help CV industry: Ashok Leyland's Sondhi

The company commenced operations across its facilities

Commercial vehicle makers report zero sales in April amid Covid-19 lockdown

Ashok Leyland has reported zero sales of M&HCV in the month of April as against 8,918 units, in the same month a year ago

Ashok Leyland reports zero sales in April as lockdown adds to woes

M&HCV truck sales in April 2019 was 7,517, bus sales was 1,401, while LCV sales stood at 4,224 units

Post coronavirus lockdown, likely surge in demand may be led by SCVs & LCVs

The development comes amid the current crisis, which has been described as the worst in a century

Volvo Eicher sees no rush among transporters to buy BS-IV trucks

Automakers in India import about 10% of their raw materials from China

Commercial vehicles continue to slip, top cos see decline in February sales

Industry representatives have said the situation is unlikely to improve soon as India's economic activity is yet to pick up due to less business activity and consumer spending

Commercial vehicles, two-wheelers likely to see a smooth drive from H2

CVs and two-wheelers reported 39 per cent and 33 per cent growth, respectively, in January last year

Bajaj Auto total sales dips 3% to 336,055 units in Dec 2019; exports up 13%

Total commercial vehicle sales were at 51,253 units as against 47,344 units in the year-ago month, a growth of 8 per cent.

Ashok Leyland, Citicorp Finance ink MoU for commercial vehicles' financing

Citicorp Finance will work in close coordination with the authorised dealers of Ashok Leyland to provide financial solutions to customers

CV sales drop 17% in November on slowdown, delay in infra projects

Companies expect recovery in second half of fiscal as BS VI approaches, claim banks and NBFCs showing greater interest in financing

Best of BS Opinion: RCEP and the two futures for India and its industry

Is Sri Lanka the next Argentina? What will it take for Indian businesses to compete globally? What are the key elements of a sustainable end of life policy for commercial vehicles?

Muted volumes in India may put Apollo Tyres' revenue growth on slow gear

The firm's supply to passenger vehicles also registered a decline of 11%