Truck Market

The Heavy Industries Ministry on Thursday started consultations with stakeholders on the Rs 500 crore subsidy outlay under the PM E-drive scheme and frame guidelines to fast-track the adoption of electric trucks. In the first meeting on Thursday, officials stressed the need for truck makers, buyers and banks to come together for a faster and smoother transition to e-trucks. The meeting was attended by representatives of the Indian Ports Association, Ashok Leyland, Tata Motors, BillionE Mobility, Olectra, Amazon, Flipkart, Switch Labs, Murugappa group Volvo Eicher, Mahindra Trucks, apart from representatives from industry associations like SIAM and ICCT. During the consultation on e-trucks, Secretary of the Heavy Industries Ministry Kamran Rizvi highlighted that the meeting marks the first-of-its-kind government initiative on e-trucks. "The e-truck phase has just begun, and India is among the 5-6 countries globally manufacturing e-trucks," Rizvi said. He also added that in line wit

This comes at a time when truck rentals, a key barometer of goods movement, remained firm in September as pre-festive stocking continued across India

While the company achieved its highest-ever Q1 CV volumes, the Power Solutions, Aftermarket, Defence business, and the International Operations also contributed strongly to the top line

Average price of used commercial vehicles saw a considerable rise across categories in June with 31 to 36-ton category

Jaipur, Ahmedabad see largest declines

Vaidya talks about how the centre is driving innovation for the company and the growing importance of data and AI in the automotive industry

Hinduja Group flagship company Ashok Leyland has unveiled the ecomet Star 1915 truck in the intermediate commercial vehicle segment, targeting long-haul customers, the company said on Wednesday. The truck with a GVW (Gross Vehicle Weight) of 18.49 tonne is positioned to address the logistical demands of customers engaged in e-commerce, parcel delivery, transportation of fresh produce among others. The launch of the new truck comes in the backdrop of the industry anticipating a growing need for higher payload capacity across applications. Ashok Leyland is complimenting the rapid expansion of the ICV segment by consistently introducing unique and innovative products. We are delighted to unveil the ecomet Star 1915 truck with GVW of 18.49T, equipped with the proven 150hp H4 engine, ideally suited for long-distance applications, the company's President - Medium Heavy Commercial Vehicle President Sanjeev Kumar said. The new ecomet Star 1915 truck assures remarkable fuel efficiency, fast

The latest truck by the company is suited for long-distance applications, designed for fuel efficiency and faster turnaround time

Green fuel truck maker Blue Energy Motors said on Tuesday it has bagged a contract from the Container Corporation of India Ltd (CONCOR) for the supply of 100 LNG-powered trucks. A Navratna PSU and leading containerized multimodal logistics services firm CONCOR plans to deploy the LNG-powered fleet of trucks at its strategic hubs to facilitate containers' first and last-mile movement, Blue Energy said in a statement. Green transportation is a part of the CONCOR's commitment to sustainability and decarbonization of its operations, as per the statement. This partnership reflects the growing importance of sustainable logistics in India and represents CONCOR's commitment to cut hazardous emissions by aligning itself with the government's larger climate change goals, it said. "This is a significant step towards providing momentum to India's green trucking revolution with our LNG-powered heavy-duty long-haul trucks. These trucks will help CONCOR establish a more sustainable and ...

15 companies including Amazon.com Inc., Nestle SA and India's Aditya Birla Group joined forces to advance the electrification of the nation's truck fleet

The company claims to be one of the largest aggregators of commercial EVs in India

India's trucking market is expected to grow over four times by 2050, a Niti Aayog report said on Friday and suggested that financial institutions can work to structure more-favourable financing solutions for zero-emission trucks. The report titled 'Transforming Trucking in India: Pathways to Zero-Emission Truck Deployment' further said as road freight travel continues to grow, the number of trucks is expected to more than quadruple, from 4 million in 2022 to roughly 17 million trucks by 2050. "India's trucking market is expected to grow over 4x by 2050 -- fuelling the nation's economy and transportation emissions," it said. Pointing out that road transport (i.e. trucks) carries the bulk of India's goods, 70 per cent of today's domestic freight demand, the report said heavy and medium-duty trucks (HDTs and MDTs) are responsible for most of that road transportation. According to the report, currently, India transports 4.6 billion tonnes of freight annually, generating a transport dem

Daimler said India was a key hub for its trucks, with the Indian subsidiary not only serving the 'growing' domestic demand, but also shipping to over 60 destinations across the globe

The company had sold a total of 9,989 units in the same month last year

The road transport sector will have to remain prepared for prolonged rainy days beyond the monsoon season: IFTRT

The Hinduja group flagship firm has posted a consolidated profit after tax of Rs 377 crore for the fourth quarter ended March 31, 2021.

Poor fleet utilisation, lack of return loads weighs on capacity of transporters to repay truck loans, puts question mark on business viability

Around 65 per cent of the total truck fleet in the country out of the road owing to lockdown and lockdown-like conditions in most of the states

Analysts say increase in infrastructure spending, improved consumer sentiments, better freight rates are some of the key drivers of the superior show.

The Deloitte study pointed out that in 1991, there was one driver per truck in India, but now at least one in four trucks (27 per cent) lies idle due to lack of drivers