An analysis of Commercial Vehicle (CV) pools originating in CY2013 and CY2014 pools by ICRA has revealed that their performance has been relatively weak initially compared to those that originated in CY2012 and CY2011 at similar points post securitisation. A gradual reduction in delinquencies has been observed around 21 months post securitisation in pools originating in CY2013. Due to the[Read More…]
Hyderabad based small commercial vehicle aggregator, TruckSumo, has suspended its services and has stopped taking orders from June 01, 2016, according to sources tracking the development closely. Claims are that the company had been finding it difficult to run operations for some time. Co-founder Nithin Baalay is however known to have denied the rumors. According to him the company is[Read More…]
Volvo Eicher Commercial vehicles has introduced the Pro 6037 with an innovative mileage booster system and advanced telematics. Unveiled at the Auto Expo 2016 fair held at Delhi in February 2016, the Pro 6037, a 10×4 rigid truck, is capable of a payload carrying capacity of 37-tonnes. Powering the truck is a VEDX5, 5-litre, four-cylinder common-rail diesel engine capable of[Read More…]
Registering a 39 per cent increase in turnover at Rs.18,882 crore as against Rs.13,562 crore turnover the year before, Ashok Leyland has hinted at some very interesting products it is looking to introduce later this year. Expecting the positive growth momentum to continue, the company is looking at 15 per cent growth in FY2016-17 according to Vinod K. Dasari, MD,[Read More…]
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