Page 3 - Commercial Vehicles

Tata Motors to raise commercial vehicle prices by up to 2% from January

Already passenger vehicle makers, including Maruti Suzuki, Hyundai Motor India and Tata Motors, along with luxury carmaker Mercedes-Benz, BMW and Audi have announced that they would increase the price

Wedding season sparks 2-wheeler boom but passenger vehicles hit the brakes

As passenger vehicle retail sales slowed in November, companies are anticipated to maintain high discount levels to attract buyers

Life in Mizoram partially affected by 12-hr commercial vehicles' strike

Normal life was partly affected in Mizoram on Wednesday as commercial vehicles, including private buses and maxi-cabs, stayed off the roads because of their 12-hour strike, demanding a reduction in fuel prices. Ten organisations of vehicle owners and drivers called the strike from 6 am to 6 pm under the banner of the Mizoram Commercial Vehicle Union (MCVU), demanding a reduction in the prices of petrol and diesel, which were hiked on September 1 in the state. Normal life was partly affected in state capital Aizawl and some other towns as people faced inconvenience with buses and maxi-cabs staying off the road. However, state-run buses operated as usual, an official said, adding that services of two-wheeler taxis were also normal. No untoward incident was reported during the strike, he said. The state government hiked VAT on petrol from 5.23 per cent to 10 per cent and on diesel from 16.36 per cent to 18 per cent with effect from September 1. Besides, the government also imposed a

1.1 mn old medium, heavy CVs offer good potential for scrappage: ICRA

Around 1.1 million medium and heavy commercial vehicles (M&HCVs), older than 15 years as of March 31 this year, offer a significant potential for scrappage, ratings agency ICRA said on Tuesday. While the actual scrappage could possibly be lower given the nature of usage of such vehicles, even if a proportion of these vehicles gets scrapped, it can support vehicle sales to some extent by spurring replacement demand, it said. The Voluntary Vehicle Fleet Modernisation Programme or the Scrappage Policy, announced in March 2021, is being implemented in phases, with effect from April 1 last year. While the first phase of the policy proposed to mandatorily scrap government vehicles older than 15 years, the second phase, which started on June 1 this year, mandates scrapping on the basis of fitness of the vehicle rather than age, and as such, is more voluntary in nature. ICRA also projects an additional around 5.7 lakh vehicles to cross the 15-year age threshold by March 2027, along with ..

Ashok Leyland, travel tech firm FlixBus sign deal for inter-city mobility

Agreement will empower local bus operators through technology, say the two companies

Pre-BS era vehicles, mainly CVs should be scrapped: Road transport secy

Ministry of Road Transport & Highways Secretary Anurag Jain on Thursday pitched for scrapping of pre-BS era vehicles, especially commercial heavy vehicles, citing pollution and safety issues. Bharat Stage (BS) norms were introduced in the country in 2000. "If look at pre-BS vehicles, these do so much of pollution. The vehicles which are from before 2000 do pollution 15 times (more). Do you think such vehicles should run when there is so much of problems happening in our country due to pollution," Jain said. In case of such vehicles, he said, the fuel and maintenance costs also go up adding that there has been so much change in the safety features of vehicles in the last 15 years. "There is huge sense to actually scrap your own old vehicle. We are working from a lot of days to incentivise scrapping...If you scrap an old vehicle, you will bring safety, you will save on your fuel," he stressed. "So there is a need to think about such vehicles. This I am talking about commercial heavy

Low discount may not drive polluting old vehicles towards scrapping shops

Automobile sector experts argue that consumers may find more value in continuing to drive their existing vehicles or selling them to third parties

VE Commercial Vehicles signs pact with Baidyanath LNG for 500 LNG trucks

Volvo Eicher Commercial Vehicles (VECV) on Tuesday said it has signed an initial pact with Baidyanath LNG Private for the deployment of 500 LNG trucks, a move which would help in developing green trucking routes and scaling up the LNG Corridor in India. As part of this joint collaboration, Union Minister for Road Transport and Highways Nitin Gadkari flagged off Eicher Pro 6055 LNG trucks at the Baidyanath LNG Private Limited's newly-inaugurated facility in Nagpur, VE Commercial Vehicles said in a statement. The facility inaugurated by Gadkari on Monday, is the third LNG facility by LNG Baidyanath in the city. in 2021, the 104-year-old Ayurveda brand Baidyanath launched the country's first private Liquified natural gas (LNG) station in Nagpur. Under terms of the initial pact, which will be further detailed in definitive agreements, the creation of the LNG fleet will facilitate the development of the LNG station network across various strategic locations in Central India, VE Commerci

Over 5 mn vehicles used Atal Setu since its opening on Jan 13: MMRDA

More than 50 lakh vehicles travelled on Atal Setu, the country's longest sea bridge, since it was opened for traffic on January 13 this year, the Mumbai Metropolitan Region Development Authority said on Monday. In a release, the MMRDA said 50,04,350 vehicles, including BEST, NMMT and MSRTC's Shivneri buses, have travelled between January 13 and August 26 on the sea bridge linking Sewri in Mumbai and Nhava Sheva in Navi Mumbai, which suggests a daily average of 22,000 vehicles (over 227 days). "The vehicles comprise 47.40 lakh cars, 50,020 mini buses and light motor vehicles, 59,799 double-axle vehicles, 73,074 three-axle vehicles, 80,277 four-six axle vehicles and 503 oversized vehicles," a spokesperson said. The sea bridge was inaugurated by Prime Minister Narendra Modi on January 12, while it was thrown open to the public the next day. "The extraordinary usage highlights the bridge's role in easing congestion and reducing travel time between south Mumbai and key destinations such

M&HCV sales likely to surpass pre-Covid-19 peak of 419,000 units in FY25

Sanjeev Kumar, president - MHCV, Ashok Leyland, said that the first quarter sales growth is currently around 8 per cent, driven by demand for buses

Tata Motors advances demerger scheme, unveils new corporate structure

Completion of the scheme is contingent on obtaining necessary shareholder, creditor, and regulatory approvals, anticipated to take 12-15 months

Vidyut launches offline pre-owned EV sales and financing platform

The company also plans to launch an online marketplace in the next six months to reach a wider audience

Remsons Industries Ltd ranked 30th among India's Great Mid-Size Workplaces 2024

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40% investment by TaMo CV arm in FY25 to be in advanced tech: Girish Wagh

"We will continue to invest in software," Wagh said, adding capex in the CV business would be around 2-4 per cent of revenues

Growth, valuations support Ashok Leyland as competition rises in industry

Most brokerages positive about commercial vehicle manufacturer but are concerned about demand

Tata Motors to increase price of commercial vehicle by up to 2% from July

This marks the second price hike this year, after the Indian automaker increased prices by up to 2% in March

Expect commercial vehicle volumes to witness 4-7% dip this fiscal: ICRA

Hit by a high base of last year and weakness in demand, the domestic commercial vehicle industry is expected to witness a dip of 4-7 per cent in wholesale volumes in the current fiscal as compared to FY23, rating agency Icra said on Friday. The medium and heavy commercial vehicle (trucks) volumes are expected to contract by 4-7 per cent year-on-year given the high base effect and the impact of the Lok Sabha polls on infrastructure activities in the first few months. Similarly, the volume of light commercial vehicles (trucks) wholesale volumes is likely to decline by 5-8 per cent in FY2025 due to factors such as a high base effect, sustained slowdown in e-commerce, and cannibalisation from electric three-wheelers, Icra said. The rating agency expects the domestic CV industry's uptrend to be arrested in FY2025, with a decline of 4-7 per cent in wholesale volumes, it stated. This follows a muted year-on-year growth of 1 per cent and 3 per cent for wholesale and retail sales, ...

Govt mulls incentives for heavy duty electric trucks to reduce diesel ones

Electric heavy-duty commercial goods carriers have a wide range of applications in sectors such as mining, ports, infrastructure development, construction, and inter-warehouse freight transport

Shriram Group in talks with partners for wealth management biz foray

Shriram Finance expects vehicle sales growth to be in single digits during the current financial year, owing to a dip during the election season

VE Commercial Vehicles total sales decline 18.1% to 5,377 units April

Eicher Motors Ltd on Wednesday said its arm VE Commercial Vehicles Ltd posted an 18.1 per cent year-on-year decline in total sales to 5,377 units in April 2024. VE Commercial Vehicles (VECV) -- a joint venture of the Volvo Group and Eicher Motors -- sold 6,567 units in April 2023, Eicher Motors said in a regulatory filing. April 2024 sales included 5,254 units of the Eicher brand and 123 units of the Volvo label, it added. In the domestic commercial vehicles market, Eicher branded trucks and buses recorded sales of 4,898 units last month compared to 6,142 units in April 2023. Exports of Eicher branded trucks and buses rose 38.5 per cent to 356 units compared to 257 units in April 2023, it added.