CV Industry News – July 2020
Auto News – Delhi: 250 more AC buses may hit roads by September
There is good news for bus commuters in the capital. As many as 250 air-conditioned buses are likely to hit the streets in the next two months.
In July last year, the Delhi government had announced that 4,000 new buses will be added in the city’s public transport bus fleet and 1,152 of these buses, brought under the Cluster Scheme, are already plying on the city’s roads.
Apart from the standard floor buses, the government also plans to induct 1,000 air-conditioned, low-floor buses in the Cluster Scheme fleet. «The tender was awarded for 400 buses out of which 152 buses are operational. We are trying our best to induct the rest 248 buses latest by September,» a senior Delhi government official said.
“Out of the 248 buses, 93 are Bharat Stage-IV vehicles that were supposed to be registered by April 30 but that couldn’t happen because of the COVID-19-induced lockdown. April 30 was the deadline set by the Supreme Court for registration of BS-IV vehicles” the official said.
“We are trying our best to get the buses by September and preferably the first lot next month itself” he added.
Thanks to the steady addition of buses in the Cluster Scheme fleet, the total number of public transport buses in Delhi had reached 6,223 in February this year, which was higher than the peak of 6,204 buses last seen in 2010 ahead of the Commonwealth Games.
Truck maker Scania confirms plan to cut 5,000 jobs
Truck maker Scania, part of Volkswagen’s Traton group, said Friday it would cut 5,000 jobs globally due to the economic impact of the novel coronavirus, confirming a plan first announced in June.
Like many international companies, Scania has been hit hard as the COVID-19 pandemic has sent shockwaves through the world economy.
That means «we now face the tough measure of reducing the organization by around 5,000 employees globally,» said Henriksson.
During the height of the lockdowns in Europe, Scania said it completely shut down production due to shortages of components and disruptions in its supply chain.
Auto News – July 2020
Auto News – Ashok Leyland expands its digital solutions for CVs
Commercial vehicle major Ashok Leyland on Monday expanded its digital solutions range for CVs with the launch of Digital Nxt platform.
Based on the latest technology platform, Ashok Leyland’s DigitAL Nxt Solutions will empower customers to better manage their business and enhance their profitability.
He further said that the new digital solutions will ensure that the customer enjoys the highest uptime with the vehicles and these solutions are unparalleled in the industry.
Riding on the exponential smartphone growth, these digital solutions are simple to use, compatible with all smartphones, and work like any other, everyday app.
Auto News – COVID-hit Tata Marcopolo bus plant in Karnataka shut for 8 days
Karnataka’s Dharwad district-based bus and coach manufacturer Tata Marcopolo has shut its plant for eight days starting Sunday, after some employees tested Covid positive, an official said on Monday.
It will be conducted over eight days from July 26 to August 2, comprehensively covering all sections of the plant.
During this period, the plant will have skeletal manpower to address only essential services and some maintenance requirements” the official said.
It has witnessed 95 COVID fatalities until Sunday.
Auto News – JUly 2020
Domestic CV industry volumes to contract 25-28% in FY21: ICRA
Domestic commercial vehicle industry volumes are expected to contract by 25-28 per cent in FY2021, ratings agency ICRA said on Thursday while maintaining a negative outlook on the segment.
The contraction will bring industry volumes to the lowest levels in more than a decade. Although growth would be optically better in FY2022 at 24-27 percent, recovery to industry volumes of even FY2017 levels would remain some time away, ICRA said in a statement.
“ICRA continues to maintain a negative outlook for the commercial vehicle segment over the near-term, with headwinds continuing from all fronts, be it financing availability, macroeconomic environment, regulatory developments or fleet operator health,” it said.
“Additionally, the lockdowns imposed in the country from the end of March 2020 have added production constraints to the on-going set of challenges,” ICRA said.
” The challenges related to freight availability and stress on fleet operators have compounded significantly over the past 3-4 months on account of the pandemic outbreak and lockdown imposed to curtail it,” ICRA Vice President Shamsher Dewan said.
“Accordingly, he said, “Notwithstanding the sharp contraction of 47 percent in FY2020, the segment volumes are expected to contract further by 35-40 percent during the current fiscal. ” In absence of either, we maintain a subdued outlook for the industry for the next fiscal,” he added.
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