The (truck) trailer segment in India is optimistic about growth. It is looking at outperforming its global peers over the medium- and long-term. Story by: Ashish Bhatia The cancellation of Rs.500 and Rs.1000 notes under the guise of ‘demonetisation’ may pose a challenge to the Indian transportation sector, a big chink of which includes the trucking industry, the fact is,[Read More…]
Volvo Buses India has upgraded its inter-city bus range; the engines are now BSIV emission compliant. Story by: Ashish Bhatia Volvo Buses commands 65 per cent of the premium luxury inter-city bus market in India. The market is claimed to be a meagre 3 to 4 per cent of the overall bus market in India. Claimed to have kick-started this[Read More…]
With Sri Lankan finance minister Ravi Karunanayake announcing in his 2017 budget speech, that his government will encourage use of electric cars over three-wheelers by reducing excise duty and giving an interest rate subsidy on loans, the export of autorickshaws from India is likely to decline. Claim industry sources that Karunanayake, in his speech, has mentioned the levying of carbon[Read More…]
Ashok Leyland Ltd. has announced the completion of acquisition formalities of Nissan Motor Co. Ltd.’s stake in each of the three joint ventures (JVs) formed between the two companies, namely Ashok Leyland Nissan-Vehicles Limited, Nissan-Ashok Leyland Powertrain Limited and Nissan-Ashok Leyland Technologies Limited. In September 2016, Ashok Leyland and Nissan reached an arrangement under which Nissan would transfer its ownership[Read More…]
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