Introduced in April 2018 in an endeavour to enhance its aftermarket capabilities and provide best in class service offerings, Eicher Promise, claim industry sources has received positive response. Sources mention that the scheme is reflective of the rising focus of CV manufacturers towards service and spares support as operators seek advantage of improvement infrastructure and the ability to have a[Read More…]
Higher tonnage, 41-tonne rigid trucks would mark the next shift, claim industry sources. Drawing attention to the innovative 41-tonne 10×2 rigid truck displayed by Ashok Leyland recently at Chennai, industry sources claim that other CV majors are also preparing to launch 10×2 rigid trucks in the 41-tonne category. The next, most important battlefield according to industry sources, the 41-tonne rigid[Read More…]
With CV major Ashok Leyland announcing a 28 per cent jump in profits to Rs.1563 crores in FY2017-18, the backdrop of higher spending on infrastructure and demand in the replacement market is expected to provide the CV industry with a big boost in FY2018-19, claim industry sources. They mention that the industry will clock a growth of much higher than[Read More…]
India Ratings and Research (Ind-Ra) early delinquency index for CV loans measured by weighted average (WA) of over 30 days past due rose to 7.89 per cent in February 2018 in comparison to 6.87 per cent in February 2017. According to Ind-Ra sources, this was triggered by demonetisation, implementation of GST, migration to BSIV and tightening of overloading norms. Affecting[Read More…]
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