Page 6 - Commercial Vehicles

Tata Motors to correct prices of commercial vehicles from April

Discounts in the segment have been very high

Amid slowdown, Icra maintains negative outlook on passenger vehicle, CV

There was a sharp divergence in retail demand growth and wholesale despatches during the first half of FY20 as focus was towards reducing inventory level, Icra said

Commercial vehicle sales fall YoY, but grow MoM by 10-15% in Dec 2019

Ashok Leyland witnessed a rise in the sale of buses by 85 per cent to 2,560 units in December 2019 from 1,384 units, a year ago

Decline in PV, two-wheeler inventory may help smooth transition to BS VI

Commercial vehicles are yet to see relief in terms of unsold inventory levels

Lenders step up repossession of commercial vehicles on payment defaults

Data collated by the Delhi-based IFTRT shows that close to 50,000 commercial vehicles have been seized and are parked in the stockyards

Ashok Leyland faces a bumpy ride ahead over surplus capacity, slowdown

Though there are near-term headwinds, analysts believe the Ashok Leyland stock which is down nearly 30 per cent from year ago levels may not see a significant price correction from these levels

Vehicle tracking systems, FASTags a must for CVs seeking national permit

The proposed amendment also provides that driving licence and pollution control certificates can be carried in physical or digital form

Modernising the commercial vehicles fleet

The development of a sustainable replacement demand requires a comprehensive end of life policy for CVs

BS-VI norms to create headwinds for commercial vehicle segment: Ind-Ra

For fleet owners, the ownership of BS-VI vehicle would be credit neutral

China's Foton aims to sell 200,000 new energy commercial vehicles by 2025

Foton, which also builds Auman-branded trucks with Daimler, plans to invest 18 billion yuan ($2.6 billion) on research, supply chain and manufacutring facilities

Bharat Forge stock down 9% on muted Q2, poor commercial vehicle sales

Investors should avoid exposure with growth unlikely before FY21

We'll be better placed in future downturns: Ashok Leyland Chairman

Dheeraj Hinduja is positive the bad times are over and hopes to see his company become a top-10 CV player going forward

Ashok Leyland to observe up to 12 non-working days during November

Company reports a 50% drop in domestic M&HCV sales in October, led mainly by a decline in truck volumes

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