Mumbai: GDP in India is anticipated to attain peak growth rate at 7.8% by FY2020. Changes to be introduced through reforms are to boost economy and such positive effects will initiate revival of commercial vehicles Market in India in around 2nd half of FY15.
Jakarta: Daimler India Commercial Vehicles (DICV) alongwith Mitsubishi Fuso Truck and Bus Corporation, Japan (MFTBC) has launched the new FUSO FJ 25T and FI 12T trucks at the 22nd Indonesia International Motor Show. The Fuso trucks are rolled out from DICV manufacturing facility in Oragadam, Chennai.
Ashok Leyland has received orders for about 4000 buses from 22 State Transport Undertakings (STUs). This includes large ordes from Calcutta State Transport Corporation (CSTC), Bangalore Metropolitan Transport Corporation (BMTC), Andhra Pradesh State Road Transport Corporation (APSRTC), Jaipur City Transport Services Ltd. (JCTSL), and Pune Mahanagar Parivahan Mahamandal Limited (PMPML).
Tata Motors, leading passenger and commercial vehicle makers in the country have announced the receipt of an order for 487 buses from KSRTC (Karnataka State Road Transport Corporation) and 780 buses from HRTC (Himachal Road Transport Corporation). Marco Polo buses from Tata Motors will be supplied adhering to Urban Bus Specifications under JNNURM-II scheme.
August 2014 Tata Motors commercial vehicle sales in the domestic market was 25,428 units at 23% sales decline when compared to 33,153 vehicles sold in August 2013. LCV sales were 16,287 units, equating to 35% sales decline compared to Aug ’13.
Earlier today, Scania Commercial Vehicles India handed over Indiaâ€™s first ethanol-fuelled city bus to Nagpur Municipal Corporation (NMC) for a trial run. The trial run spans three months and involves 5 buses during which Scania will bear fuel, staff and maintenance costs. Following a key hand over, the bus was flagged off by Shri Nitin Gadkari.
Globally, India is the largest consumer and exporter of three wheelers, having registered growth in both domestic sales and exports in the last decade.
Tata Motors appoints LLC ‘TML Truck Rus’ as its official distributor of Tata Motors’ commercial vehicles in the Russian Federation. TML Truck Rus is headquartered in Kazan, Republic of Tatarstan.