Union road and transport minister, Nitin Gadkari, announced a fund of Rs.60,000 crore to boost road network in Marathwada. The funds, the minister is known to have said, will be given over a period of five years. A detailed project report, claim industry sources, is being prepared by the authorities concerned. Gadkari also drew attention to work already in progress.[Read More…]
Ashok Leyland has announced that it plans to consolidate its presence in the state of Jharkhand on the back of substantial growth over the past one year. The commercial vehicle major, claim industry sources, has witnessed a 50 per cent jump in sales in the last one year. From around seven per cent to 16 per cent initially. Anuj Kathuria,[Read More…]
Announcing that there will be multiple headwinds in the near term for heavy truck sector, analysts at Kotak Institutional Equities, in their report on ‘Automobiles’, have claimed that the domestic truck industry is likely to grow in low single digit during FY2018-20. They attribute this to low road freight demand, improvement in truck fleet utilisation led by market share gains[Read More…]
Eicher Trucks & Buses, part of VE Commercial Vehicles Limited, has announced the introduction of AMT (Automated Manual Transmission) technology in its CVs. The technology has been adapted from Wabco’s OptiDrive technology, and saw the involement of Wabco in the development of AMTs. Introduced in 20.15BS4 HD bus, Pro 3016 and Pro Skyline Midi as of current, the AMT technology[Read More…]
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