M&HCV sales dip in Feb-19, may lead to Q4 volume drop

Major CV makers like Tata Motors, Ashok Leyland, Mahindra & Mahindra, and Eicher branded trucks & buses reported either negative or marginal growth in their CV sales in Feb-19. Tata Motors (M&HCV) volumes declined sharply by 18 per cent year-on year (Y-o-Y) in February, while Ashok Leyland sales in the same segment contracted by 4 per cent. Eicher Motors and M&M M&HCV sales also fell by 7.8 per cent and 17 per cent respectively in the same month. The axle norms introduced in Aug-18, has increased the freight carrying capacity of M&HCV by 20%, thereby almost putting a halt on new truck buying. Goods carrying HCV sales remained subdued over a high base of Feb-18 (created due to a stricter implementation of overloading ban in north India last fiscal). The major factors contributing to this slide other than revised axel norms are factors like higher interest rates, slow economic activities, liquidity issue and high base effect.

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EVI Technologies plans to set up 20,000 charging stations across India

The Electric vehicle charging infrastructure provider EVI Technologies plans to invest around Rs 100 crore in the next 1.5 years to set up 20,000 charging stations (both home and public) across India. EVI Technologies was incubated at the Electropreneur Park funded by the Ministry of Electronics & Information Technology, has also tied up with BSES Rajdhani Power Ltd to set up around 3,000 EV charging stations in Delhi. EVI Technologies started its operations in Jun-2017 and offers its charging stations on lease for private users. It has presence in 16 different locations in 10 Indian states. It has got orders of 50 charging stations from EESL in Dec-2017 which is being currently installed in complexes of several ministries. While EVI will invest to set up those stations that will be leased out, BSES will provide charging connections with tariff set at Rs 5 per unit for stations in the Capital. #autojobs4u #ElectricVehicles #Technologies #ChargingStations #India #automotiveupd...

LCV to benefit greatly from Indian middle class growth

Globally, LCVs account for 75% of commercial vehicles sales but in India, it is only 62%. Indian middle class which is growing at a healthy pace will bolster growth in the commercial vehicles space in India going forward and the biggest beneficiary will be the light commercial vehicles (LCV) segment The increase in urbanisation and consumption will lead to shifts in market segments and LCV will play a crucial role in last mile connectivity. Industry experts feel that there are 3 big challenges the industry needs to overcome to realise this sales potential which are lack of availability of finance due to liquidity crunch at NBFC, the upcoming BS-VI emission norms and a lack of drivers. With the introduction of BSVI, the cost hike will be much higher than the prediction of 5%-7%. The electric and autonomous vehicles are inevitable in future and the keys to growth will be reducing time taken to bring new models to the market, making vehicle platforms more flexible and dynamic, and st...

Microdots technology to make car almost theft proof

To counter car thefts, Indian govt has decided to adopt microdots technology which is widely used in several counties including South Africa and the US. The vehicles stolen go untraced since auto-lifters take out the engines & other valuable parts before destroying the vehicles. Microdots is a technology in which thousands of micro dots are sprayed over the body of vehicle. These small laser-etched dots contain nano-size (0.5 mm) particles that carry information like unique number and vehicle identification number. These dots can be seen by using UV light and since the dots are sprayed throughout the vehicle body, it becomes easy to trace the vehicle as even a small part of the dismantled car can be used to trace the stolen vehicle. The government plans to roll out the technology as an optional system initially and the price of this feature is likely to be around Rs 1,000. The car, truck or bus would require at least 10,000 microdots, while at least 5,000 such dots would be neede...

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