Page 11 - Commercial Vehicles

Auto slowdown: Ashok Leyland M&HCV domestic sales drop by 50% in October

The biggest drop was in trucks, whose sales declined by 59 per cent to 3,335 units in October from 8,124 units in the same month a year ago

Commercial vehicle makers unlikely to see festive cheer in October sales

Weighed down by an economic slowdown and increase in axle load - 30% additional capacity - major CV companies are expected to report a decline of around 20% in sales volumes in October 2019

Toll collections hit roadblock as traffic tapers due to auto slowdown

Experts say while traffic and toll collection will take a hit in FY2020, toll rates may also not rise much in FY2021 due to a lower WPI

Used commercial vehicle sales see uptick amid auto sector slowdown

On the other side, average overall sales which used to be around 8,000 units a year ago has dropped to 7,000-7,500 units in a month

Truck sales crash 60%; Ashok Leyland sees decline of 70% in August

Volumes during August were dragged down by the top two manufacturers, which together sell more than seven in every 10 trucks

Ashok Leyland plans to invest Rs 70 crore to set up Africa unit

Presently 24th in global ranking, it aims to be among the top 10 in about nine years

Commercial vehicle sales seen growing 7-9% this year; FY21 outlook muted

The outlook for 2020-21 remains subdued in the absence of clarity on implementation of the proposed scrappage policy

New regulatory rules slow down growth of commercial vehicle sales

Light commercial vehicle volume sales growth would also lessen but still be a healthy 9 per cent

CV sales in last 4 months slip, but industry hopeful of robust growth

The first half of 2019 is expected to be slow while the second half should see a push once pre-buying for BS-VI kicks in

Shriram Transport to M&M Finance, volume dip deflates vehicle financiers

Weak volume outlook and higher cost of capital remain an overhang on Shriram Transport, Mahindra Finance and Cholamandalam Investments and Finance­­

Despite last year's low base, sales of heavy-duty trucks moderate in Oct

The sales have moderated from 25% last month to 15% this month

Truck utilisation rate at five-year high even before festive sales

Sales at India's top four manufacturers advanced by a fourth to 95,122 units in September

Commercial vehicle makers to drive into 1-million unit club in FY19

The industry produced 894,551 units of CVs last financial year, with a growth of 10.40 per cent

Foreign automakers struggle on commercial vehicle route: Here's why

90 per cent of the medium and heavy commercial vehicle (M&HCV) market is dominated by domestic players

Commercial vehicle makers expect to surpass 20% growth of 2017-18

Automobile makers have seen strong revival in sales, aided by the higher government spending on infrastructure, greater replacement demand and easing of GST-led disruption

Scrapping old commercial vehicles to have little impact on city pollution

Transporters and other stakeholders said the vehicles that will be de-registered would mostly be the ones plying in smaller towns and interior parts of the country

Medium, heavy commercial vehicle sales on multiple-year high at 2017-end

A Tata Motors spokesperson said the domestic CV industry witnessed challenge in the initial months of FY18 due to demonetisation

Fleet modernisation proposals to boost CV sales, improve fuel efficiency

8% of overall fleet would need to be replaced if commercial vehicles above 15 yrs are scrapped

Margin pressures to stay high for truck makers

Aggressive discounting making it difficult to raise prices