17 October 2018

Table of Contents for Ticker Tapes

Ticker Tape -Equipment



Last month, Mahindra and Mahindra (M&M) forayed into construction equipment business by launching its first motor grader - Mahindra RoadMaster G75.
It is targeting to sell around 200 units over next year, with confirmed orders for 50 units. This motor grader priced at `34.99 lakh, around one-third of the cost of big ones being sold by the competition. Manufactured at its Chakan plant, RoadMaster G75, has been designed and developed after an in-depth understanding of needs of India’s road contractor fraternity with an aim to liberate them from deployment of various sub—optimal methods with limited mechanisation and thereby, improve their productivity. The motor grader is focused small to medium roads as well as widening of state and national highways, and it is also adaptable for embankment or earthwork applications for laying of railway tracks and leveling large plots for industrial construction.



Commercial Vehicles Drive In Fast Lane


Sales of commercial vehicles (CV) in India during September rose fastest in nearly six years, suggesting an economic recovery. Manufacturers dispatched 77,195 commercial vehicles, 25.27 per cent more over last year, according to data released by Society of Indian Automobile Manufacturers (SIAM). This is the fastest growth since November 2011, when it was 34.97 per cent. CV sales are often seen as an indicator of economic growth, according to SIAM. Cv sales declined 22.93 per cent in April and 6.36 per cent in May, before expanding 1.44 per cent, 13.78 per cent, and 23.22 per cent, in next three months. Last month, while sales of MCV and MHCV increased 25.61 per cent to 31,086 units, LCV was up 25.05 per cent to 46,109 units.


In the MHCV segment, demand for tractor trailer is projected to be robust due to increasing container traffic at major ports, demand for cement movement, and auto carrier applications. Tippers should also see demand from end-use segments like roads, construction, and iron-ore mining. However, an 8-10 per cent increase in ownership cost in the MHCV segment, due to higher vehicle prices following the transition to BS IV emission standards, may impact demand to some extent. CV are continuing the uptrend visible in previous months mainly due to restrictions in overloading placing demand for higher tonnage vehicles and BS IV compliant ones vehicles according to Grant Thornton India, which expects the uptrend to continue in coming days.






Addressing a news conference in in New York last month, worlds biggest truck maker Daimler announced that United Parcel Service (UPS), will be the first US commercial customer for its new battery-powered eCanter truck, and that it will expand its electric truck production as lower cost, longer-range batteries become available within next 2-3 years. UPS will deploy three of the eCanter trucks, while four New York based non-profit organizations will get a total of eight electric trucks.


The trucks have a range of about 62 miles (100 kms) between charges. Manufacturers like Daimler and Navistar International, and electric car maker Tesla and a host of other new entrants, are racing to overcome challenges of substituting batteries for diesel engines as regulators crack down on CO2 emissions and soot pollution. Daimler’s Fuso eCanter is a relatively small urban delivery truck, but its larger, Class 7 electric trucks are coming, and Daimler will likely exhibit a larger electric truck at the Tokyo Motor Show.





Tata Motors is deploying various safety technologies like electronic stability control (ESC) in its medium and heavy commercial vehicles, in addition to automatic traction control (ATC) and hill start aid (HSA) safety technology for its medium and heavy commercial vehicles (M&HCV). Developed in partnership with Wabco India, these technologies enhance road safety and efficiency of commercial vehicles. The introduction of new safety technologies further reiterates the company’s commitment to strengthen safety performance of its trucks and introduce future technologies, ahead of time, says Tata Motors. ESC will be available on various models like Prima Tractors 4025.S, 4925 and Trucks 2523T, 3123T and 3723T and Signa LPS 4018 and LPS 4923 as well as LPT platforms of 25T, 31T and 37T.






JLL India was strategic advisor and helped conclude a transaction for CEAT, flagship company of RPG Enterprise. The deal involved the purchase of 163-acre land parcel in Chennai to set up a radial tyre manufacturing plant. JLL India also facilitated associated incentives negotiation with Tamil Nadu Government. This is one of the largest industrial investments and private land acquisition in Tamil Nadu facilitated by an international property consultancy. The land parcel is located along the upcoming Chennai–Bangalore corridor in Sriperumbudur industrial cluster, which commands high strategic importance due to the presence of many automobile OEMs in the vicinity.


CEAT plans to invest approximately `5,000 crore for this mega greenfield project in a phased manner over next 5 years. This is its first plant in South India and will create over 2,000 jobs.






VE Commercial Vehicles (VECV) has reported sales of 6,083 units in September 2017, up 25.6 per cent over same month last year. The joint venture between Volvo Group and Eicher Motors, had sold 4,843 units in September last year, according to a company statement. It had sold 5,934 units of Eicher brand last month compared with 4,734 units in the year-ago period. Domestic sales stood at 5,084 units and exports stood at 850 units. Volvo Trucks had recorded sales of 149 units last month compared with 109 units in September 2016. VECV comprises complete range of Eicher branded trucks and buses, VE Powertrain, Eicher’s components and engineering design services businesses, as well as the sales and distribution business of Volvo trucks within India.






CV major Tata Motors and Srei Equipment Finance recent signed an MoU to finance Tata Motors commercial vehicles with a special focus on construction and mining tippers. The preferred financier agreement will allow both Srei Equipment and Tata Motors to explore enhanced growth prospects in the heavy-duty tipper truck segment in India. The partnership will enable Tata customers to acquire their preferred brand of vehicle with customized financing solutions. On the other hand, the partnership will facilitate Srei to drive its 'asset life cycle' management solutions and multiple customer programmes. Srei has emerged a leader in the infrastructure equipment financing market due to its customer and manufacturer focused approach. The alliance will help both partners build a larger market base and establish leasing as a preferred option for construction and mining tippers, and enable both companies to enhance their reach to mutual benefit.






Described as a disruptive product, Michelin just introduced a new truck and bus radial (TBR) tyre range called X Guard, tubeless truck radial range exclusively designed, engineered, and made for India, supposedly 10 per cent more fuel efficiency compared to competing brands. The French tyre maker is consolidating its India presence by increasing annual capacity at its Chennai factory from 15,000 tonnes to over 30,000 tonnes by end 2018, which will create 150 new direct jobs. The capacity expansion has an eye on meeting growing demand by launching of a new tyre range and widening of its product portfolio.


Michelin is supplier to OEMs in the CV segment; Ashok Leyland’s (AL) for its Captain range and other MCVs, and with Volvo. It also supplies for inter-city coach segment to OEMs Volvo, Scania, and MAN. Most of its TBRs are sold in the replacement market.


Currently only 70 per cent products sold in India are produced at its Chennai factory. In two years time, Michelin plans to meet 100 per cent of its domestic demand locally. It has so far invested `3,500 crore in its Chennai factory and its R&D centre, to serve not just India but also global requirements.



DICV accelerates into Fast Lane


Daimler India Commercial Vehicles (DICV) projects robust growth in its domestic truck sales this calendar year, fuelled basically by BS-IV transition. Celebrating fifth year of BharatBenz, it clocked double-digit market share in recent months and secured Number 3 position in the 16-49 tonnes heavy truck segment. Consequently, it has moved to two-shift operations at Oragadam plant near Chennai. Also, DICV’s has exported over 10,000 trucks since 2013 and will serve 40 markets by end 2017.


To commemorate its fifth anniversary, DICV introduced Euro-V ready medium duty trucks. Underlining its lead role in transition to the BS-IV standard, DICV proudly handed over Euro-V ready trucks to customers last month. In Euro-V trucks, Nitrogen oxide (NOx), a major source of air pollution, emissions are reduced by over 40 per cent compared to BS-IV. DICV sold over 55,000 trucks in Indian markets since its launch in September 2012. With over 130 touch points across India, BharatBenz sold over 13,000 trucks in 2016 in the Indian market.




Greaves Cotton crosses 5 million milestone


In pursuit of ‘Made in India,’ Greaves Cotton Ltd, has crossed sales of class-leading 5 million engines. Set up in 1859, the company has core competencies in diesel and petrol engines, farm equipment, and gensets, and six manufacturing units and 3,500 service outlets across India. It has manufactured approximately 400,000 engines per year catering to growing demand across automotive and non-automotive applications globally. Aspiring to be a greener engineering solutions company, Greaves Cotton Ltd is all set and ready to service millions of more customers in the future.


Selling 5 million engines is a significant milestone for the company, which is gearing up for a technological, regulatory and business model disruption by 2020, and is getting future-ready with fuel agnostic powertrain services.

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