Tweet Improved cargo offerings from the manufacturing and re-engagement of the truck fleet in infrastructure projects pushed trucks rentals up by 4 to 5 per cent on trunk routes in February 2016. Yet another factor was the brisk arrivals to APMCs of fruits and vegetables according to S P Singh, Senior fellow and co-ordinator, IFTRT. The rise in freight rates[Read More…]
Tweet Nissan Motor Company is known to have issued a termination of licence notice to Nissan Ashok Leyland Technologies, one of its three joint venture companies with Ashok Leyland. Both, Nissan and Ashok Leyland, hold a 50:50 stake in the joint venture. The other joint venture, Ashok Leyland Nissan Vehicles, involves the manufacture of light commercial vehicles. Ashok Leyland has[Read More…]
Tweet Automotive ecommerce sites are growing. A few of these are catering to commercial vehicles. Story by: Bhushan Mhapralkar Close to 6,52,591 new commercial vehicles were registered in 2015, in India according to Organisation Internationale des Constructeurs d’Automobiles (OICA) over the registration of 6,06,232 new commercial vehicles in 2014. A total of 23,366,066 CVs were registered the world over in[Read More…]
Tweet Frugal engineering attributes are becoming more and more visible as new commercial vehicles are introduced. Rentals rose in February on trunk routes. The rise was linked to an increase in diesel prices, which inched up as international crude prices rose due to the depreciating US Dollar. When the fuel prices started going down, the Government chose to hike taxes.[Read More…]
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