Sunday, July 25, 2021

Table of Contents for Ticker Tapes





Ticker Tape- Equipment

MULTIX LAUNCHED BY EICHER-POLARIS

Eicher-Polaris, a joint venture between Eicher Motors and Polaris Industries Inc launched its personal utility vehicle ‘MULTIX’ in Madhya Pradesh market and has set targets to take its total dealership in the state to 15. MULTIX will be manufactured at the company’s plant in Kookas, Rajasthan which has the installed capacity of 60,000 which can be enhanced to 1, 20,000 in case of need. MULTIX has four dealers in Madhya Pradesh including Indore, Bhopal, Rewa and Shahdol. The vehicle is designed to meet the requirements of independent businessmen and according to the company.

 

 

MODERN CRANES EXPANDS ITS FLEET WITH GROVE GMK6300L.

To support large projects such as bridge building, railway works and chiller erections in HVAC projects, Grove GMK6300L has been earmarked by Modern Cranes, The 300t-capacity, six-axle mobile crane is manufactured at Manitowoc’s Wilhelmshaven in Germany. The GMK6300L features a 15.6m to 80m seven-section full power boom with Grove’s Megaform shaping and Twin-Lock pinning. Its Megatrak independent hydro-pneumatic suspension system enables the GMK6300L to operate as an all-terrain crane. Other features include a 12m to 21m hydraulic offset bi-fold swing away jib, which has two 8m intermediate lattice inserts to boost reach, with an overall maximum tip height of 120m achievable.

 

 

TATA MOTORS BAGS ORDER FOR HYBRID ELECTRIC BUS FROM MMRDA

A contract has been awarded to Tata Motors to supply Tata Starbus Diesel Series Hybrid Electric Bus with full low floor configuration. The company states that its hybrid electric bus offers the lowest cost of ownership. The fuel savings are up to 25-30 per cent and reduction in emissions is much lower in comparison to conventional buses. It runs on pure electric mode, for around 30-35 per cent of the total travel distance. They aim to cater to the huge potential in India for electric mobility and alternative energy solutions. With these buses, the MMRDA will connect Bandra Kurla Complex (BKC) to the railways stations of Sion, Bandra and Kurla in the next one year, improving feeder services, to the fastest-growing business hub in Mumbai. 25 such buses will be indigenously developed with a shared vision of sustainable cost-efficient transport solutions.

 

INDIAN SECURITISATION MARKET RISES TO Rs.25,000 CRORE IN FY2016

Due to revival in asset classes like commercial vehicle and construction equipment, Indian Securitisation market grew by 45 per cent to around Rs.25,000 cr in FY2016. The jump is primarily due to the increased number and volumes of Asset-Backed Securitisation (ABS) transactions, which rose by 39 per cent and 51 per cent respectively in the year. In FY2016, Commercial Vehicle (CV) and Construction Equipment (CE) loans continued to be the largest asset class accounting for close to half of the total ABS volumes (similar to FY2015). Also, in FY2016, the share of microfinance loans increased further from 31 per cent in FY2015 to 36 per cent (22 per cent in FY2014), partly a reflection of greater investor confidence in the asset class. Tractor loans as well as Car and UV (Utility Vehicles) loans are the other key category that contributed to 12 per cent of the securitisation volumes. The securitisation market activity seems to be positive in FY2017, given the renewed interest in securitisation transactions and widening of the investor base in the securitisation market with the exemption of income at distribution from distribution tax.
 

 

DAIMLER TO INTRODUCE 5-7 TONNE LIGHT TRUCK

In less than four years, the truck maker, which has climbed to No 4 position in the country, is planning to create a new entry point by introducing a 5-7-tonne light truck in a couple of years. This will not only give Daimler a foothold in the 2,500-3,000 units a month market, which accounts for a significant 8-9 per cent of light to heavy duty truck market (5-49 tonne) in India, they will export them as 'Fuso' to Latin America and Indonesia, where vehicles of the kind are in demand. The product will take on Tata Motors' 407 and Eicher's Pro Series. Daimler also plans to create a mid-price segment of Rs.50-80 lakh with its new range of Thunderbolt trucks, which will be positioned between the high-end models of Tata Motors and Volvo Trucks, mainly for the mining and high-dimensional cargo segments with its tippers and tractor trailers. In India, Daimler operates Mercedes Benz India, which handles its car business, and Daimler India Commercial Vehicles (DICV), which makes trucks and buses. DICV had started with 9-49 tonne Bharat Benz trucks. The company is targeting 40 per cent increase in sales to over 20,000 units, while production is likely to touch 25,000 units with 'Fuso' trucks in high demand.

 

 

DAIMLER AG OPENS NEW REGIONAL CENTRE IN CHENNAI

As part of its strategic exercise to realign its global sales and services organisation, Daimler AG announced the opening up of a new regional centre for commercial vehicles in Chennai. . This centre will oversee sales and service of BharatBenz trucks, FUSO trucks and buses, and Mercedes-Benz trucks, buses, and vans. Markets such as Nepal, Bhutan, Bangladesh, Myanmar, Sri Lanka and Maldives will be catered to by this centre which is the sixth and last regional centre set up by Daimler in Southern Asia.




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