28 March 2020

Table of Contents for Ticker Tape





Ticker Tape - Equipment

VE Commercial Vehicles sells 6801 units in January 2018, recording a growth of 50.6 per cent

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) sold 6801units in January 2018 as compared to 4515 units January 2017, recording a growth of 50.6 per cent .This includes 6712 units

Following are the key highlights for January 2018:

  • Eicher branded trucks & buses have recorded a total sale of 6712 units in January 2018 (YTD 48832units) as compared to 4449units in January 2017 (LYTD 44995 units), recording a growth of 50.9 per cent .

  • In the domestic CV market, Eicher branded trucks & buses have recorded sales of 6010units (YTD 42109 units) in January 2018 as compared to 3796 units in January2017 (LYTD 38191 units) representing a growth of 58.3 per cent .

  • On the Exports front, Eicher branded trucks & buses have recorded a total sale of 702  units inJanuary2018 (YTD 6723units) as compared to 653 units in January 2017 (LYTD 6804units) representing a growth of 7.5 per cent .

  • Volvo Trucks has recorded sales of 89 units in January 2018 (YTD 796units) as compared to 66 units in January2017 (LYTD 804 units), recording a growth of 34.8 per cent .

 

 

 

ESCORTS GAINS ON ENTERING INTO DISTRIBUTION AGREEMENT WITH DOOSAN

Escorts’ Construction Equipment Division has entered into an exclusive distribution agreement with Doosan Infracore Co., South Korea (Doosan) for distributorship for sale and service of Doosan products for the entire Indian Market. Doosan is a global leader in manufacturing and marketing of Crawler Excavators, Mini Excavators and Wheel Loaders.

The product range offered by Doosan complements the current product offering of Escorts Construction Equipment. With this association with Doosan, Escorts Construction Equipment will be able to double its addressed market in Indian Construction Equipment (ICE) Industry from existing 40 per cent to more than 80 per cent by value.

Escorts offer a comprehensive range of tractors with more than 45 variants starting from 25 to 80 HP. The company also manufactures and markets a diverse range of equipments like cranes, loaders, vibratory rollers and forklifts.

 

 

 

Apollo Tyres exporting to more than 100 countries

Apollo Tyres Ltd is one of the leading tyre manufacturers in India, with an export base of over 100 countries. The company has four manufacturing units across three states—one each in Gujarat and Tamil Nadu, and two in Kerala. It also has two manufacturing units in Europe—one each in Netherlands and Hungary..

In FY17, truck tyres contributed 41 per cent to the total revenues, while passenger car tyres constituted 39 per cent . The rest is contributed by light trucks and farm equipment.

The domestic business contributed 60 per cent to overall net sales, while the European business forms 32 per cent of the revenue. In India, the company has 5,300 third-party dealers and 1,700 exclusive dealers, and in Europe the number of third-party dealers stands at 5,800. It has four research and development centres—two each in India and Europe. The company is trying to increase its presence in Asean (Association of Southeast Asian Nations), Saarc (South Asian Association for Regional Cooperation) and West Asian countries.

 

 

VOLVO LAUNCHES OWN RANGE OF RIGID HAULERS

Volvo CE is set to enter the rigid hauler market with a complete Volvo-branded range. Using the expertise of its Motherwell facility in Scotland, the range consists of four machines, starting at the 45-ton R45D and extending up to the flagship 100-ton R100E. Volvo Construction Equipment (Volvo CE) has announced that it will enter the rigid hauler market with its own Volvo brand of rigid haulers in the second quarter of 2018. The development of the new four-model range has relied heavily on the longstanding rigid hauler expertise of Volvo CE’s subsidiary Terex Trucks, combined with the technological strength of the Volvo Group. The range, which will initially be launched in less regulated markets, consists of the 45-ton R45D, 60-ton R60D, 72-ton R70D and the flagship 100-ton R100E. The E-Series R100E is a completely new Volvo CE 100-ton (95-tonne) rigid hauler that combines a wealth of market and customer knowledge with proven components, new technologies and a striking new design – all providing a cost-effective and productive solution to fulfil the needs of today’s mining and quarrying customers.

 

 

 

Volvo to ‘drive’ into India infrastructure sector

Volvo Group India, which had invested `2,500 crore so far in the country, would shift its focus from selling trucks to coal mining sector to construction, long haulage and irrigation sectors. In the road sector, investments through public-private-partnership is expected to be in the region of $31 billion during the next five years.

One out of three major national highway projects use Volvo equipment. The company is focusing on the excavation and road equipment over the next three to four years. Construction equipment is growing at the fastest pace since the last three years and will continue to grow at the fastest pace. Existing stock of machines in the whole country is very low and the need to build infrastructure is very high. The demand will be higher for the next seven years and this will be a segment which will see the fastest growth.




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