Page 9 - Commercial Vehicles

Ujjivan SFB makes foray into small CV financing for tier II, III cities

Ujjivan SFB said as part of the ''Raftaar Loans'' product mix, the customised offerings will be available across southern and eastern regions: Karnataka, Tamil Nadu, and West Bengal

Penetration of EVs to remain low in medium-term in PVs, CVs: ICRA

ICRA said modality of vehicle financing in a battery-swappable model, where core battery is owned/leased by a third party and financiers only have control over residual vehicle, is another challenge

Collections for pools of retail-loan receivables making a recovery

According to CRISIL Ratings, collections for pools of microfinance and commercial vehicle loan receivables (which had seen the sharpest drop after the lockdown), clawed back above 50 per cent in July

Tata Motors bets on generation of free cash flow for debt reduction

JLR is seeing an additional boost from strong demand for the recently launched Evoque and Defender

Defence, LCV and buses to be key growth levers at Ashok Leyland: Chairman

Dheeraj Hinduja says company's future product plans would revolve around auto buzzword CASE mobility. CASE is an acronym for Connected, Autonomous, Shared & Electric vehicles

Overdue replacement cycle to drive recovery in commercial vehicles: VECV

Overdue replacement cycle of commercial vehicles will drive recovery in the market, while demand for trucks is expected to start coming back from October-November onwards

BSVI commercial vehicles equipped with tech, other upgrades: Tata Motors

Tata Motors said its entire BSVI-compliant range of commercial vehicles is equipped with technological and performance upgrades that generate higher revenue and profits for transporters

Commercial vehicle makers may incur Rs 6000 cr net loss this fiscal: Crisil

According to Crisil, the CV makers were already hit by new overloading norms and a slowing economy when the Covid-19 pandemic arrived

Commercial vehicle makers to incur Rs 6,000 cr net loss this fiscal: Report

CV makers were already hit by new overloading norms and a slowing economy when the Covid-19 pandemic arrived and sales volume had fallen 29% in the fiscal year ended March 2020

Escorts, Ashok Leyland: 5 commercial vehicle, tractor makers you can buy

Here are five stocks from the auto sector that look bullish on the charts.

Bharat Forge cranks up for the future as Covid dents biz at home and abroad

The second part of the series looks at Bharat Forge's strategy during Covid to restructure overseas units

Bad news for financiers: CVs in for a long haul, may be last to recover

Lower fleet utilisation, weak cash flows keep NBFCs under pressure

Covid-19 impact: Tata Motors' Q1 sales fall 82% over subdued demand

The company had sold 1,37,545 units in the April-June quarter of 2019-20

Eicher Motors Q4 PBT down 45.5% on absorbing share of Rs 14 cr loss in JV

Total income declines 11 per cent to Rs 2,351.30 crore

Commercial vehicle makers expect recovery in sales from second half of FY21

While economic slowdown, drying up of infrastructure projects and revised axle norms hit the sector badly in FY20, the coronavirus (Covid-19) pandemic has worsened the situation

Ashok Leyland domestic sales decline 90% at 1,277 units amid Covid-19

No M&HCV buses were sold in May; company resumed operations recently after the government relaxed the lockdown norms

Creating start-up culture to look beyond trucks: Daimler India MD&CEO

Satyakam Arya said that the commercial vehicle segment took the worst hit during the automobile slowdown in India

Measures to attract FDI must be backed with proper infra: Ashok Leyland MD

Comment comes at a time when Centre and various State governments are aiming to attract companies looking at shifting their operations out of China

Tata Motors, Ashok Leyland pitch for incentive-based scrappage policy

Tata Motors, which is the leader in the commercial vehicle segment, said the upcoming legislation should clearly define incentives as well as regulatory norms for disposing the old vehicles

Scrappage scheme would give demand a boost: Ashok Leyland MD & CEO

A good scrappage policy could help improve efficiency of our transport fleet, reduce pollution and also help boost demand, said Vipin Sondhi