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
But commercial vehicle OEMs welcome the move, saying demand for AC trucks is already going up
Tata Motors Finance prioritizes the health of 5000 truckers under Project Suraksha
The recall covers certain F-250 and F-350 Super Duty pickups from the 2017 through 2022 model years. The trucks have gasoline engines and aluminum drive shafts
The Chennai-based company noted that the overall market demand in July is better than in June this year.
Hinduja Group flagship firm Ashok Leyland on Thursday posted two-fold increase in total sales at 6,448 units as compared with 3,199 units in May this year. Total domestic vehicle dispatches to dealerships stood at 5,851 units last month as against 2,738 units in May, Ashok Leyland said in a regulatory filing. Medium and heavy commercial vehicles (M&HCV) sales in the domestic market stood at 2,364 units in June as against 1,513 units last month, it added. Light commercial vehicle sales in the domestic market last month stood at 3,487 units as compared with 1,225 units in May.
The domestic market outlook for the truck industry this fiscal depends on when the Covid-19 lockdown is lifted while currently vehicle production is on, senior officials of Ashok Leyland Limited said.
India's economy grew by 5 per cent in the June quarter, the slowest in over six years. The manufacturing sector fared worse, growing at an abysmal 0.6 per cent. Listen to this podcast to know more
A 50 per cent slump in CV sales has dealt a death blow to informal workers in the sector
Average freight rates on a return trip across all four regions of the country have dropped to Rs 85,500 in the first five days of November, from Rs 88,450 in October end
Sales of Mahindra's heavy trucks dropped to 3,427 units in the eight months from April to September
The losses to asset-backed securities (ABS) will also rise as the economy slows, said Moody's
Volumes during August were dragged down by the top two manufacturers, which together sell more than seven in every 10 trucks
Tata's closest rival, Ashok Leyland, has stated that it will not be relying on discounts to expand market share