VE Commercial Vehicles sells 4163 units in June 2015

VE Commercial vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) has sold 4163 units in June 2015 (YTD 23148) as compared to 4242 units in June 2014 (LYTD 21476) recording a YTD Growth of 7.8%.

This includes 4063 units of Eicher brand and 100 units of Volvo brand.

 

 

The following are the key highlights for June 2015:

  • Eicher branded trucks and buses have recorded total sales of 4063 units in June 2015(YTD 22626)as compared to 4187 units in June 2014(LYTD 21120), representing a YTD Growth of 7.1%.
  • In the domestic CV market ( 5T and Above), Eicher Trucks and Buses  have recorded sales of 3537 units in June 2015 (YTD 20420) as compared to 3474 units (LYTD 18021) in June 2014, representing a growth of 2% (YTD Growth of 13.3%)
  • On the Exports front Eicher Trucks and Buses have recorded sales of 526 units in June2015(YTD 2206) as compared to 713 units in June 2014(LYTD 3099).
  • Volvo trucks have recorded sales of 100 units in June 2015(YTD 522) as compared to 55 units (LYTD 356) in June 2014, a growth of 81.8% (YTD Growth of 46.6%)b1a5b42c-4e52-4d16-bfe0-29d112d4968d_TempSmall

Mahindra Tractors sells 23,899 units in India during June 2015

Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 16.9 billion Mahindra Group, today announced its sales numbers for June 2015.
Domestic sales in June 2015 stood at 23,899 units, as against 28,893 ­units during June 2014. Total tractor sales (domestic + exports) during June 2015 stood at 25090 units, as against 29,884 units for the same period last year. Exports for the month stood at 1,191 ­­­units, registering a growth of 20%.
Commenting on the monthly performance, Harish Chavan, Chief Operating Officer – Farm Division, Mahindra & Mahindra Ltd. said, “We have registered a sale of 23,899 tractors during June 2015 in the domestic market. With a healthy spread of the monsoon and good sowing progress across the country, we are hopeful of a very good agricultural output, leading to improved market sentiments. At Mahindra, we continue to see a positive trend in our tractor exports which has grown by 20% during the last month”.

Tata Motors sales continue growth trend in June 2015

Tata Motors continued to witness strong growth in certain key segments as passenger cars (excluding UV’s), M&HCV and Exports grew by 44%, 18% and 32%, respectively, year-on-year; with the total commercial and passenger vehicles sales (including exports) in June 2015 of 40,870 vehicles, a growth of 6% over 38,574 vehicles sold in June 2014. The company’s domestic sales of Tata commercial and passenger vehicles for June 2015 were4690dd2d-8fb0-4cd7-8a6a-6e6d882c65a3_TempSmall at 35,823 nos., growth of 3% over 34,760 vehicles sold in June 2014. Cumulative sales (including exports) for the company for the fiscal are 116,511 nos., higher by 6% over 110,004 vehicles, sold last year.
Commercial Vehicles
In the commercial vehicles, M&HCV sales continued to show growth at 11,450 nos., higher by 18%, over June 2014. The Light & Small Commercial Vehicle sales however continued to reflect the industry decline and were at 14,092 nos., a decline of 18% over June 2014. These impacted the overall commercial vehicles sales for the company in June 2015 in the domestic market that were at 25,542 nos., a decline of 5%, over June 2014.
Cumulative sales of commercial vehicles in the domestic market for the fiscal was 71,351 nos., lower by 5% over last year. Cumulative LCV sales was 38,934 nos., a decline of 19% over last year, while M&HCV sales at 32,417 nos., were higher by 18%, over last year.
Exports
The company’s sales from exports were 5,047 nos., in June 2015, higher by 32% compared to 3,814 vehicles in June 2014. The cumulative sales from exports for the fiscal at 13,511 nos., were higher by 32%, over 10,227 nos., sold last year.

Shell Lubricants launches Shell Rimula APDEO

Shell Lubricants, the global market share leader in finished lubricants has launched SHELL RIMULA APDEO CF 20W40 diesel engine oil – a multi-purpose engine oil for medium and heavy duty engines. The product launch is an extension to the existing portfolio; it targets the economy ‘Value for Money’ segment across India with affordable pricing without compromising on the quality and performance. Its applications include variety of vehicles and machinery like older trucks, jeeps, buses, SUVs, pump sets, generator sets, tractors as well as three-wheeler engines.
Speaking on the occasion, Mr. Nitin Prasad, Managing Director, Shell Lubricants India said, “At Shell Lubricants, we constantly review and re-invent the way we look at our products, their applications and the needs of our patrons. Our focus is to reach out to our consumers with products that appeal to their most functional requirements like performance, profitability and productivity. Shell Rimula APDEO CF 20W40 is another testimony of this innovative culture. The idea behind this product is to come up with a one-stop solution to lubrication needs of a plethora of equipment and vehicles.”
According to a 2014 report by the National Transport Development Policy Committee (NTDPC), the demand for road-based transport services has dramatically accelerated following the economic liberalization. Keeping this in view, a product like Shell Rimula APDEO acts as a multi-purpose solution that serves the lubrication demands of customers across vehicle and equipment segments. Ensuring greater durability and savings through better protection and performance are the major USPs of the product.
The product is available in packs of 1 ltr, 3.5 ltr, 5 ltr and 55 ltrs in 42 markets across India focusing majorly on states of Gujarat, Uttar Pradesh, Madhya Pradesh and Andhra Pradesh. The 3.5 ltr pack is priced at INR 190/liter.138c6dbe-5d1e-4d15-88a5-b30ef04f441e_TempSmall

Ashok Leyland supplies 633 vehicles and spare parts to the Ministry of Tourism and Hospitality Industry, Government of Zimbabwe

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A flag-off ceremony was held at the Mumbai Port Trust on June 28, 2015 on the occasion of shipment of vehicles and spare parts by Ashok Leyland Ltd. to Zimbabwe. Ashok Leyland Ltd. has been awarded the contract for supply of 633 vehicles and spare parts to the Ministry of Tourism and Hospitality Industry, Government of Zimbabwe. Under the contract, Ashok Leyland Ltd. will also provide training to the buyer’s technical staff in operation and maintenance of the products.

The above contract is being financed by Exim Bank under its Buyer’s Credit [BC] under National Export Insurance Account [NEIA] to the extent of USD 49.92 mn extended to Ministry of Finance and Economic Development, Government of Zimbabwe. These vehicles will be utilized by the Ministry for Tourism and Hospitality activities, especially for promotion of domestic tourism, and supporting international tourism, disaster management, anti-poaching activities, peace missions and other related purposes.

The flag off ceremony was attended by Exim Bank’s Chairman and Managing Director, Mr. Yaduvendra Mathur, Deputy Managing Director, Mr. David Rasquinha and General Manager, Harsha Bangari in the presence of officials from Ashok Leyland Ltd., and authorities from Shipping Line, Port authorities’ etc. During the ceremony, Exim Bank’s Chairman and Managing Director, Mr. Yaduvendra Mathur mentioned that Exim Bank’s BC-NEIA programme is an unique financing mechanism that provides a safe mode of non-recourse financing option to Indian exporters and serves as an effective market entry tool to traditional as well as new markets in developing countries. The Programme is aimed to serve India’s national interest of export promotion and furthering the nation’s economic objectives. The current supply of vehicles to Zimbabwe will enhance the bilateral ties between India and Zimbabwe.

New Board of Directors appointed at Scania

Andreas Renschler has been appointed as the new Chairman of the Board of Scania AB. Other new names in the Board of Directors are Per Hallberg, Annika Falkengren and Markus S. Piëch. At the statutory meeting of the Board of Directors on 26 June, Per Hallberg was appointed President and CEO.

The new Board of Directors consists of seven members, of whom Peter Wallenberg jr, Helmut Aurenz and Christian Porsche will continue the assignments they have had since 2005, 2008 and 2014, respectively.

As previously, the Board also includes two ordinary members and two deputy members who represent the employee organisations in the company: Johan Järvklo and Lisa Lorentzon respectively Mikael Johansson and Mari Carlquist.

Andreas Renschler, born 1958, is a member of the Board of Management (Vorstand) of Volkswagen AG and Head of Volkswagen Truck & Bus GmbH, i.e. the holding company that coordinates the operations in the Group’s commercial vehicles companies.

Per Hallberg, born 1952, joined Scania in 1977 and has been a member of the company’s Executive Board since 2001.

Annika Falkengren, born 1962, is President and CEO of the Swedish financial group SEB AB and member of the Supervisory Board of Volkswagen AG.

Markus S. Piëch, born 1985, is a member of the Executive Board of Salzach Privatstiftung.

Ideal Movers Pvt. Ltd forays into sea freight forwarding

Ideal Movers Pvt Ltd, started in 2000, now has a fleet size of close to 2000 heavy vehicles, special application hydraulic axles, 60+ heavy duty cranes and several other equipment. The company moves over 3.5 million tons of material per year and is one of the fastest growing companies in the field of heavy logistics. The company after making a benchmark in the rail and road transport, recently announced, its foray into international door-to-door project logistics by creating a new sea-freight division in the company.
Ideal Movers’ entry into the vertical of sea freight forwarding will complement its position as an integrated multi-modal logistics service provider. The objective of foraying in the industry is to provide 360-degree door to door logistic solutions from India to all the parts of the world and vice-versa. ­­­­­­
This will be an asset-free venture that will induct highly skilled professionals having in-depth knowledge and experience in project logistics. The focus will primarily be on heavy and odd shaped cargo break bulk cargo. The company will provide a full array of ocean freight forwarding services using its well established pan-India network of offices.
According to Mr. Raghav Himatsingka, Director, Ideal Movers, “We have been providing these services for some time now in a small piecemeal manner, but it is the first time that we have created a focused, dedicated in-house team to provide international integrated door-to-door logistics solution from one desk. We have already tied up with exclusively selected logistics partners across the world to help us with our overseas requirements. We have also got some good clients on board so I am extremely optimistic about developing this vertical into a market leader in the industry.”
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