21 September 2019

Table of Contents for Ticker Tape





Equipment

SANY India rolls out 6000th machine from its Chakan Plant

 

SANY India, one of the leading industry in the construction equipment sector in India has recently achieved another milestone of rolling out 6000 plus machines from its Chakan plant in May. This comes on the backdrop of a strong demand for its offerings across the product lines. SANY India, offers end to end solutions in construction equipment including Earthmoving Equipment, Hoisting Solutions, Road Equipment and Mining Machinery. The Chakan plant became operational in 2009 and has since been developed into an export hub. The state of the art unit manufactures excavators, transit mixers, truck cranes and Batching plants.

 

 

Construction EQUIPMENT industry to have a great year

 

Reports suggest that the construction equipment and earthmoving industry is set to have a highly productive year with massive sales worth a million unit mark. With the government cutting the GST rate from 28 per cent to 18 per cent, there has been a rise in the demand in India over the last five months. The sale of construction equipment vehicles clocked 9,00,000 units globally last calendar year, marking a rise of 20 per cent. India’s contribution to JCB global sales has shot up from 24 per cent in 2007 to a record 39 per cent in 2017. As the first quarter closes, and the numbers showing strong growth, it is expected that JCB will have another record year.

 

 

 

Tata Ace Gold launched at `3.75 lakh


Tata’s first variant of the refreshed version of sub one-tonne mini-truck Tata Ace was recently launched at a price of  `3.75 lakh. The latest version of the truck has enhanced features along with include a round-the-clock breakdown assistance program, a loyalty program with free insurance, redemption of loyalty points and a time-bound repair commitment, among others. Reports suggests that the leadership position in the mini truck segment with a 68 per cent market share has sold over two million units of Tata Ace in the last 13 years of its hitting the Indian roads. Tata Ace Gold is the first variant of the first four-wheel mini truck, popularly known as ‘chhota hathi’, since its launch in May 2005.

 

 

 

Ashok Leyland to expand 'DOST' models

 

Ashok Leyland, the flagship of Hinduja Group is planning to expand its highly popular range of light commercial vehicles—'Dost' in the current financial year apart from the expansion of itself in the overseas market. The company recently rolled out around two lakh units of light commercial vehicle 'Dost' produced from its Hosur plant. Reports suggest that there was a rise of 37 per cent in the sales of the light commercial vehicle in 2017-18, with around 43,441 units being sold. This was the company’s highest sale since it entered in the light commercial vehicle segment in September 2011. The domestic light and commercial vehicle industry witnessed a gradual increase of 4.12 lakh units in FY 2017 to 4.76 lakh units in FY2018. The market is estimated to reach 6.26 lakh units by 2020.  Experts reported that the light commercial vehicle business witnessed 70 per cent rise while growth in medium and heavy commercial vehicle business was 30 per cent.

 

 

 

Daimler aiming for growth phase in trucks, buses

 

Daimler has taken all that it needs for its sprawling facility at Oragadam near Chennai right from setting up the plant and supporting infrastructure, a robust supply system and planning for the right products. Even during the global slowdown in 2008, the company has stood its ground and took measures that were needed. This has resulted in the shipping of 50 million components across the globe. Daimler has achieved localisation levels of over 90 per cent for its bus and truck range. Localisation of the product has helped the company balance 'Indian costs and German quality'. In India, the normal truck life is 5 lakh km on an average, while BharatBenz models are known to go strong even after million kilometer. The company is eyeing bigger prospects which have improvised transport/connectivity solutions coming in and becoming an integral part of the landscape.

 

 

 

Trimble -XAPT tie up for delivering World Class Field Service

 

Reports suggest that Trimble and XAPT Corporation have recently announced the Enterprise Resource Planning solution from the latter for equipments with the use of an integrated version of Trimble. This will be a solution for areas of field service optimization and workforce management. This will enable XAPT for providing the best and high class automation and also optimise the capability specially for the organisations catering to the field service that will provide assistance for the technicians when it comes to working in a complex environment. Through this the customers can maximize technician and equipment efficiency which will help in completion of more jobs and also optimize resources to ensure that thecustomer commitments are met.

 

 

 

Ashok Leyland plant in Andhra, to commence operations in 6 months

 

World’s fourth largest bus maker, Ashok Leyland, a flagship of the Hinduja Group, recently commenced the construction of its third Indian bus plant in Andhra Pradesh. The plant, a Greenfield manufacturing facility is being set up with an investment of `340 crore in two phases. The facility is expected to produce 9,600 buses a year. It is learnt that the plant located at Mallavalli industrial area of Krishna, around 40km from Vijayawada, will commence commercial operations of bus assembling six months from when the government prepares the road infrastructure. Though the plant is capable of making entire range of buses, the facility will also include an electric vehicle development centre comprising of a futuristic conveyor line, pilot assembly line and prototype development.

The plant will be a completely green facility, with rooftop solar panels, LED lighting, battery operated vehicles  for in-plant movement, positive water balance  and zero discharge and will provide
employment to over 5,000 people.

 

 

Ashok Leyland to invest `400 cr in LCV push

 

Truck maker Ashok Leyland is expecting the demand sector to grow by around 10-12 per cent in the current financial year with public investments in infrastructural projects being the growth drivers. The company is looking at investing `400 crore over the next couple of years towards the development of new LCV platforms to meet requirements under BS-VI emissions standards. Post production in 2020, the company has plans to increase the market share and reach 30 per cent from 16 per cent of today. It is expected that around 600,000 LCVs will be sold in the local market in 2020. Though the BS-VI emission standards will dampen demand temporarily, the company is working on bringing the costs down and providing alternate fuel options and electric versions of LCVs to keep prices viable for buyers.

 

 

 

Ashok  Leyland sales up by 20% in March

Ashok Leyland has reported a growth of 20 per cent with a sale of 22,453 units in the moth of March. While reports suggest that the sale of medium and heavy commercial vehicles (MHCVs) rose by 12 per cent, reaching 17,057 units, the sale of light commercial vehicles increased by 58 per cent amounting to 5,396 units in the period under review. Ashok Leyland successfully sold 174,873 units, recording a sale of 21 per cent over 145,085 units sold in the year-ago period.

 

 

 

Tata Motors & Goldstone Infratech bag electric bus contracts

 

Tata Motors and the JV between Hyderabad based Goldstone Infratech Ltd (Goldstone) and China-based BYD Goldstone have bagged contracts to supply electric buses in 6 and 3 cities respectively. According to media reports, TML bagged e-bus orders in 6 cities – Jaipur (40 buses), Indore (40), Lucknow (40), Kolkata (40), Jammu (15) and Guwahati (15). Similarly, Goldstone-BYD JV won contracts for e-buses in 3 cities – Mumbai (40 buses), Hyderabad (100) and Bengaluru (150). TML placed bids between `77lakh and `99lakh per bus for different models. Goldstone-BYD’s bid price amounted to `29.28 per km in Bengaluru and `36 per km in Hyderabad.

 

 

 

Serbian tractor manufacturer IMT taken over by TAFE

Reports suggest that Tractors and Farm Equipment, commonly known as TAFE has acquired Serbian tractor and agriculture equipment brand IMT - Industrija Masina i Traktora. The company was bought for a sum amounting a little over `4.5 crore. TAFE will help IMT in regards to supply of components and aggregates of tractors. Also the acquisition has given TAFE the right to use the Brand and Intellectual Property Rights, including the Designs, Trademarks and Copyright (IPR) of IMT.

IMT tractors are in the range of 35 hp and 220 hp and is suitable for cultivating agricultural land, vineyards, orchards and used for infrastructure applications. The list of implements include ploughs, trailers, maize planters, seed drills, cultivators and loader forklifts.

 

 

Goldstone pours in `500 cr for electric bus in Karnataka

 

Hyderabad-based electric bus seller Goldstone Group, with a collaboration with China’s BYD, is set to invest a sum of `500 crore for setting up  its second manufacturing facility in Karnataka. Reports suggest that around 1,500 electric buses will be rolled out a year from this facility which is set to be operational by the end of this year. It is also learnt that the resources will also be used to develop a battery-manufacturing unit which will keep the prices of the vehicles competitive. The company has plans for introducing package cells that will increase the localisation of the content. The company has received orders for delivering 290 electric buses to Bengaluru, Hyderabad and Mumbai. Of these, 160 are firm orders and will be delivered within the next six months. Trials for buses in Delhi, Bengaluru, Hyderabad, Rajkot and Chandigarh have already been completed.




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