India Ratings and Research agency (Ind-Ra) has maintained a stable outlook on the auto sector for the financial year, despite an expected slowdown in the commercial vehicle segment. The slowdown in the commercial vehicle segment is expected to be on account of a nine to 12 per cent decline in Medium and Heavy Commercial Vehicles (MHCVs), partially offset by a[Read More…]
Ashok Leyland is not keen to participate in the sub-one tonne CV segment claim industry sources. They draw attention to Nitin Seth, President – LCV and Defence, Ashok Leyland, having mentioned that the respective segment is shrinking, and they would therefore not be keen to look at it. With Ashok Leyland said to be keen to double its LCV market[Read More…]
The Society of Indian Automobile Manufacturers (SIAM) has revealed that the investment on new regulations is in the region of Rs.one-lakh crore. This would entail the upgrading of products to meet the tightening emission norms, and safety and fuel efficiency. The investment would also include the development of new platforms, emission norms, safety upgrades and fuel efficiency. According to SIAM[Read More…]
In a recent report titled ‘India Leaps Ahead: Transformative Mobility Solutions for All’, the National Institution for Transforming India (NITI) Aayog has stressed on India’s potential to save up to 64 per cent of passenger mobility related energy demand, and 37 per cent of carbon emissions by 2030 by adopting electric and connected vehicles. The report, jointly published with Rocky[Read More…]
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