In a Q&A, the chairman of Apollo Tyres sees multiple growth triggers for the domestic industry ahead, but notes that relentless commodity inflation is the biggest pain point for companies
Had it not been for shortage of CNG kits and semiconductors, overall sales would have expanded more, say industry players
Growth was led by passenger vehicles, whose sales jumped 32% even as most other manufacturers saw production take a hit due to ongoing chip shortage
Four-wheelers are fitted with speed governors to regulate their top speed as per traffic restrictions on different roads in the city
Firm has dedicated existing testing facility in Hosur towards alternative fuel, aims to have complete portfolio of commercial vehicles in this space in next 2-3 years
Demand revival, new launches and mix change could aid volumes, margins
A team is currently engaged in developing hydrogen-powered commercial vehicles, an official said
Tata Motors on Thursday unveiled 21 new commercial vehicles, including trucks and buses, to cater to evolving needs of cargo and people transport across segments. The company has unveiled seven products in the medium and heavy commercial vehicles (M&HCV) segment and five products in the intermediate and light commercial segment (4-18 tonne GVW) with CNG powertrains. Besides, the auto major has unveiled four new LCVs (Light Commercial Vehicles) to improve last-mile delivery efficiency and reduce operational cost. It includes Ace with a petrol engine and Winger Cargo for the growing needs of e-commerce distribution. Tata motors also unveiled five passenger commercial vehicles including buses for intra-city transportation requirements. "The engines of infrastructure development, consumer consumption and e-commerce powering the Indian economy require continued transportation support to run seamlessly. "Being the leader in the commercial vehicles, we continue to deliver superior value
Commercial vehicle maker Ashok Leyland is looking to expand into African and Southeast Asian markets as part of strengthening its international presence, a senior company official said on Friday
Domestic medium and heavy commercial vehicle (M&HCV) sales were up 132 per cent at 3,473 units
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Tata Motors is India's largest commercial vehicle company and fourth-largest passenger vehicle (PV) player
Unlike the first wave, which was largely limited to urban clusters, the second wave has seen deeper and wider penetration, including rural hinterlands
Tata Motors said it has extended the warranty and free service period by one month for those commercial vehicle customers whose tenures are due between April 1 and June 30
Higher content per vehicle, steady aftermarket and exports are growth drivers
A 48-hour statewide agitation was also announced to be held on February 15
Company's new initiatives and plans to offset weak oil and gas revenues may take time to play out
The pace of volume recovery could be key in the coming quarters
Healthy volume outlook, focus on debt reduction are key positives, say analysts
In a Q&A, the firm's MD &CEO says as fleets resume plying, recast requests are likely to be lower than the 3% that the company had earlier planned