Rajasthan Government’s decision to reduce VAT rate by 2 per cent has effected a growth in CV sales in the state. Out of the Rs.700 crore revenue the state has earned from the transport sector in the first quarter of the current financial year, a large portion is claimed to have come from the sale of trucks. This has also[Read More…]
Tesla Motors is claimed to have expressed an interest to manufacture electric trucks and buses. Elon Musk, the company founder and CEO is known to express that it is looking at addressing all major truck and bus segments as part of the plans for the next 10 years. Industry sources claim that heavy-duty trucks are at the early development stages[Read More…]
After its introduction at the Excon construction equipment fair at Bangalore in December last year, the Eicher Pro 8000 has been finding good acceptance in the heavy-duty tipper segment. Priced in the region of Rs.45 lakh, the tipper, claimed to be based on the Volvo Asia truck platform, is finding takers on the back of the fresh investments the construction[Read More…]
Apart from expanding its reach in the domestic bus market, Ashok Leyland is continuing to push for growth in overseas markets. Hoping to generate one-third of the total revenue from its overseas business, the company, according to Gopal Mahadevan, Chief Financial Officer (CFO), plans to set-up an assembly facility in Kenya with an installed capacity of 3000 units. This is[Read More…]
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