Page 67 - DIGITAL ISSUE MAY 2018

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EQUIPMENT

MAHINDRA TRUCKS & BUS DIVISION INCHES TOWARDS 5 DIGIT MARK
e commercial vehicle division of Mahindra- Mahindra Trucks and Buses division has grown twice the market in terms of volumes
for FY 18 and this has propelled the company to reach towards the ve digit market. Reports suggest that the volume of Mahindra’s
medium and heavy trucks has tripled reaching to 9,484 units at the end of FY18 from around 3,000 units at the end of FY 15. e
growth has been at 41 percent, against a market growth of 20 per cent. Mahindra has delivered around 17,228 LCVs and buses in FY
18. e company has banked on fuel e ciency, quicker uptime in case of accidents and parts availability that has helped the company
make a complete turnaround. is has helped the company to get higher o take from the market. Reports also suggests that there are
plans that the company will be investing a sum of `600 crore to launch intermediate commercial vehicles in the market by second half.

ASHOK LEYLAND TO INVEST `400 CR IN in the moth of March. While reports `99lakh per bus for di erent models.
LCV PUSH suggest that the sale of medium and heavy Goldstone-BYD’s bid price amounted to
Truck maker Ashok Leyland is expecting commercial vehicles (MHCVs) rose by 12 `29.28 per km in Bengaluru and `36 per
the demand sector to grow by around 10- per cent, reaching 17,057 units, the sale km in Hyderabad.
12 per cent in the current nancial year of light commercial vehicles increased by
with public investments in infrastructural 58 per cent amounting to 5,396 units in SERBIAN TRACTOR MANUFACTURER
projects being the growth drivers. e the period under review. Ashok Leyland IMT TAKEN OVER BY TAFE
company is looking at investing `400 crore successfully sold 174,873 units, recording a Reports suggest that Tractors and Farm
over the next couple of years towards the sale of 21 per cent over 145,085 units sold Equipment, commonly known as TAFE
development of new LCV platforms to in the year-ago period. has acquired Serbian tractor and agriculture
meet requirements under BS-VI emissions equipment brand IMT - Industrija Masina
standards. Post production in 2020, TATA MOTORS & GOLDSTONE INFRATECH i Traktora. e company was bought for
the company has plans to increase the BAG ELECTRIC BUS CONTRACTS a sum amounting a little over `4.5 crore.
market share and reach 30 per cent from Tata Motors and the JV between TAFE will help IMT in regards to supply
16 per cent of today. It is expected that Hyderabad based Goldstone Infratech of components and aggregates of tractors.
around 600,000 LCVs will be sold in the Ltd (Goldstone) and China-based BYD Also the acquisition has given TAFE the
local market in 2020. ough the BS-VI Goldstone have bagged contracts to supply right to use the Brand and Intellectual
emission standards will dampen demand electric buses in 6 and 3 cities respectively. Property Rights, including the Designs,
temporarily, the company is working on According to media reports, TML bagged Trademarks and Copyright (IPR) of IMT.
bringing the costs down and providing e-bus orders in 6 cities – Jaipur (40 buses), IMT tractors are in the range of 35 hp
alternate fuel options and electric versions Indore (40), Lucknow (40), Kolkata (40), and 220 hp and is suitable for cultivating
of LCVs to keep prices viable for buyers. Jammu (15) and Guwahati (15). Similarly, agricultural land, vineyards, orchards and
Goldstone-BYD JV won contracts for used for infrastructure applications. e
LEYLAND SALES UP BY 20% IN MARCH e-buses in 3 cities – Mumbai (40 buses), list of implements include ploughs, trailers,
Ashok Leyland has reported a growth Hyderabad (100) and Bengaluru (150). maize planters, seed drills, cultivators and
of 20 per cent with a sale of 22,453 units TML placed bids between `77lakh and loader forkli s.
GOLDSTONE POURS IN `500 CR FOR ELECTRIC BUS IN KARNATAKA
Hyderabad-based electric bus seller Goldstone Group, with a collaboration with China’s
BYD, is set to invest a sum of `500 crore for setting up its second manufacturing facility
in Karnataka. Reports suggest that around 1,500 electric buses will be rolled out a year
from this facility which is set to be operational by the end of this year. It is also learnt that
the resources will also be used to develop a battery-manufacturing unit which will keep
the prices of the vehicles competitive. e company has plans for introducing package
cells that will increase the localisation of the content. e company has received orders
for delivering 290 electric buses to Bengaluru, Hyderabad and Mumbai. Of these, 160
are rm orders and will be delivered within the next six months. Trials for buses in Delhi,
Bengaluru, Hyderabad, Rajkot and Chandigarh have already been completed.

MAY 2018 |CONSTRUCTION OPPORTUNITIES 73