Retail Concept store in Faridabad a first for Continental Truck Tyres

Truck and bus tyre manufacturer Continental India inaugurated their first retail concept store Sat Kartar tyres at Faridabad transport nagar, for heavy commercial vehicle tyres. Spread over 108 sq.m area, the store located off Mathura highway is expected to cater to both truck and bus customers. Looking to offer need based products in the future, Continental India is expected to launch more stores on the lines. The company is claimed to have more than 1400 dealers with a sales and service footprint in more than 100 locations pan India.

Delhi Transport Corporation (DTC) to charge fares through E-Ticketing Machines (ETMs)

Delhi Transport Corporation (DTC) will now charge fares from passengers travelling on its buses through e-ticketing machines. Aimed at overcoming loop holes in DTC’s existing revenue collection methods, the automated fare collection system will allow passengers to travel in both the Delhi Metro and other public transport options using a common mobility card.”By April 2016,all corporation’s buses will come under the project,” said Dr R S Minhas, Spokesperson, DTC. The ETM’s are expected to be installed in all the buses in the next six months, like in the cluster buses, following which the common mobility cards would be worked upon on priority.

Mahindra’s Tractor sales October 2015

Mahindra’s Farm Equipment Sector (FES) announced the sales numbers for October 2015. Domestic sales of tractors stood at 27,280 units,a drop of 11 percent compared to 30,800 units during October 2014.The total sales,inclusive of domestic and exports,saw a decline by 12 percent,with 28,081 units having been sold,compared to 31,907 units for the same period last year.Exports too declined by 28 percent,with 801 units as against 1,107 units exported last year.“We expect upcoming festive season and expected late showers to improve the sentiments and revive the demand in coming months,” said Rajesh Jejurikar,President and Chief Executive – Farm Equipment,and Two Wheeler Division,Mahindra & Mahindra Ltd.

Scania India hands over 300th mining tipper.

Scania Commercial Vehicles India has handed over the 300th Scania P140 (8×4) tipper to VPR Mining Infrastructure. This marks a milestone for Scania in India. Speaking on the occasion, Anders Grundstromer, Managing Director, Scania India, and Senior Vice President, Scania Group, said,  “The delivery of our 300th tipper to VPR marks a special occasion. Our relationship with VPR has grown stronger with time.”Scania P 410 (8×4) tippers come with a sturdy build. They are claimed to have a superior suspension, low kerb weight and fully automated gear system. Exclaimed Prabhakar Reddy, Managing Director, VPR Mining Infrastructure, “We have witnessed a significant increase in operational efficiencies and overall productivity with the deployment of these tippers.”

Maruti Suzuki to go low key on dealerships for LCV’s

Maruti Suzuki is looking to build a low key network to market its Light Commercial Vehicles (LCV) beginning 2016. A pilot is set to roll out during the current quarter in select four states across the northern, central, eastern and western region. The proposed network will be a no frills set-up,with a dedicated service station, helmed by the existing dealers of Maruti Suzuki. The dealerships, claim industry sources, would be a complete contrast to the bigger Maruti Suzuki outlets, and provide adequate financing options to the LCV buyer. The manufacturer is said to be in discussions to get Non Banking Financial Companies (NBFCs) and regional cooperative banks on board.

Ashok Leyland sales go up 17% in October

Hinduja Group flagship Ashok Leyland reported a 16.68 per cent increase in total sales,with 9,804 units sold in October, as against 8,402 for the same month last year, as per a BSE filing. Figures revealed a 22.36 per cent jump in sales of the medium and heavy commercial vehicles. The sales compounded to 7,177 units in October this year, compared to 5,865 units a year ago. The Light Commercial Vehicles sales (LCVs) rose by 3.54 percent to 2,627 units this year ,compared with 2,537 units in October 2014.

Soaring Chinese tyre imports may spoil the party

Soaring import of Chinese tyres, especially those that find use in trucks and buses, could spoil domestic tyre manufacturers party. Rising 38 per cent in the first quarter, Chinese tyre imports are finding takings because they are 25 per cent lower than the domestically produced ones. It should not come as a surprise that the import volume of tyres in truck and bus (T&B) segment rose 25.3 per cent in the first quarter of this year on an annual basis. Of concern is the fact that T&B segment tyres account for around 60 per cent of domestic tyre industry’s revenue. The 138 per cent year-on-year rise in Chinese imports in the T&B segment in the first quarter of this fiscal to Rs 230 crore accounts to around 80 per cent of the total segment imports. Imported T& B radial tyres are priced 25 per cent lower than domestically produced ones. Working in the favour of the Chinese onslaught is the fact that radial tyre capacity expansion undertaken by most domestic tyre manufacturers is only expected to yield results by 2017 fiscal. Domestic T&B production declined 5.5 per cent year on year in FY15 to 11.5 million tyres.