Daimler India Commercial Vehicles (DICV), the maker of Bharat Benz trucks, expects January-March quarter (Q1) to be positive after decline of multiple quarters, and is hoping for sops in the upcoming budget to drive consumption and cushion the decline that is expected post price increase of almost 10-15% in Q2 and Q3 of 2020 due to the implementation of BS-VI norms-compliant technology.
The company also said that though the January-March quarter of the 2020 is expected to do a little bit better for the segment, the market may be on a lower trajectory once the BSVI norms come into effect from April 1.
Haryana-based PMI Electro Mobility Solutions, which has a technical tie-up with Chinese commercial vehicle maker Beiqi Foton Motors, has bagged contracts for about 750 electric buses in the tenders that have been finalised so far, the persons cited earlier told ET, requesting not to be named.
The government is expected to issue an expression of interest next month under the ongoing second phase of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (Fame India), but it is likely to be open to only state utilities that have awarded tenders or are close to award tenders as per the scheme.
Ashok Leyland had recently unveiled a new modular platform for vehicle development at its product development centre near Chennai, a move it believes will set it apart in capitalising new demand for the vehicles.
The ABB technology called TOSA avoids the need to take the vehicle out of service for recharging every few hours or having a replacement bus ready, thus minimizing the size of the fleet while increasing passenger carrying capacity, an official statement said.
Under the strategic partnership, around 165 Greaves care centres will provide service support to TVS three-wheelers in the form of free services, warranty, post-warranty and other campaign-related repairs, the company said in a release.
Tata Motors has bagged a contract to Mangalore Refinery and Petrochemicals, have together spent about Rs 35,000 crore in upgrading their units for BS VI-compliant fuels, to meet the official target of supplying less polluting fuel across the country from April 1, 2020. Private refiners too have spent heavily on this.
Domestic tractor sales in Nov 2019, dropped to 7,379 units against 7,641 units a year-ago, the filing said. Exports for the month of Nov 2019, also declined to 263 units against 364 tractors in Nov 2018. Escorts Ltd has diversified business in three different segments comprising -- Escorts Agri Machinery, Escorts Construction Equipment and Railway Equipment Division, it added.
This order comes closely on the back of orders received from various state transport undertakings recently, the company said in a regulatory filing. Ashok Leyland's order book for state transport undertakings has enhanced significantly.
"At upto eight years or eigh lakh kilometres, the warranty is one of the longest duration offered in the entire commercial vehicle industry. The scope of extended warranty includes powertrain aggregates like engine, transmission, propeller shaft..," a company statement said here.
PEMSPL, which holds 70 per cent in its joint venture with Beiqi Foton with the rest by the Chinese partner, also said it has entered into a pact with budget carrier SpiceJet to supply electric buses for its operations at Indira Gandhi International Airport Delhi.
Hinduja Group in 2013, Optare took a decision to shift focus to electric buses from conventional diesel buses in 2017 and the company stands to gain from UK’s decision to gradually shift all 6,000 buses in London City to zero-emission.
As part of the JV agreement, Sonalika will also set up an assembly plant for engines in China. Sonalika is already amongst the largest exporter of tractors from India would add China to its overseas presence with this JV.