A black swan event for the Indian and world economy, FY2020-21 saw cataclysmic ramifications across businesses, sectors and human lives. Transitioning to BSVI that pushed the prices of vehicles up by 18 to 20 per cent, the CV industry, in FY2020-21 had to deal with the massive body blow of the Covid pandemic. Plagued with excess capacity (mainly due to the new axle norms of 2018) and already experiencing a sales decline post a peak of FY2018-19, the CV industry faced strained finance availability as banks and financial institutions tightened lending policies. Staring at a new world order where things would never be the same again, the CV industry found itself in a situation that looked no less than a gigantic catastrophe. The chart (FY21 vs FY20) aptly highlights what FY2020-21 was like for the CV industry. It puts forth numbers that point at the pain the CV industry bore.
The domestic CV industry volumes were the lowest since FY2010-11 and the most extensive damage was faced by the bus segment. The M&HCV segment followed. In fact, the bus segment led (largest contributor) the industry to record a decline of 17.3 per cent on a YoY basis. The Sequential Quarterwise TIV (Total Industry Volume) growth FY21 chart provides an insight into how the TIV evolved through the year. Barring the bus segment, the industry sales volumes started picking up from October 2020.
Diese Geschichte stammt aus der June 2021-Ausgabe von Commercial Vehicle.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der June 2021-Ausgabe von Commercial Vehicle.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
SATISH SHARMA, INDUSTRY VETERAN, ANNOUNCES EARLY RETIREMENT FROM APOLLO TYRES LTD
In a recent exchange filing, Apollo Tyres Ltd. announced a significant development resulting from the Board meeting held on May 14, 2024.
NAVIGATING THE DRIVER DROUGHT - HOW SMART ANALYTICS STEER DRIVER RETENTION IN 2024
DRIVER RETENTION STANDS AS A CRITICAL CHALLENGE FOR FLEET OPERATORS. SUDEEP NAYAK, CO-FOUNDER AND COO OF ZELIOT DELVES INTO HOW ADVANCED ANALYTIC AND TECHNOLOGY ARE TRANSFORMING RETENTION STRATEGIES, DRIVING EFFICIENCY AND SUCCESS IN FLEET MANAGEMENT.
ALLISON TRANSMISSION WIDE-BODY DUMP SERIES
ALLISON TRANSMISSION HAS DEVELOPED THE WIDE-BODY DUMP SERIES FOR HEAVY-DUTY OFF-ROAD APPLICATIONS. ASHISH BHATIA LOOKS AT THE ADVANCED ATTRIBUTES THAT WILL COME INTO PLAY.
BUILDING THE ECOSYSTEM FOR SOPHISTICATED MACHINES
IN AN UPFRONT SESSION, ANTONIO LEITAO, VP OFF-HIGHWAY, ENGINE BUSINESS & EUROPE ABO LEADER AT CUMMINS BELGIUM SPEAKS TO ASHISH BHATIA ON BACKING BOTH LOCAL AND GLOBAL CUSTOMERS FROM INDIA.
CUMMINS' OFF-HIGHWAY PLAY
CUMMINS INC. IS PURSUING HIGHER EFFICIENCIES FOR ITS CEV CUSTOMERS FROM INDIA. ASHISH BHATIA HIGHLIGHTS THE ADVANCEMENT AND CUSTOMER VALUE PROPOSITIONS.
THE IMPACT LINEUP
AT THE ANNUAL CONFERENCE, DAIMLER INDIA COMMERCIAL VEHICLES INTRODUCED THE MY24 BHARATBENZ PORTFOLIO AGAINST THE BACKDROP OF A ROBUST PERFORMANCE, WRITES RICHA TYAGI.
AFFORDABLE MECHANISATION
IN AN INDUSTRY TALK SESSION, JALAJ GUPTA, BUSINESS HEAD-COMMERCIAL VEHICLES AT MAHINDRA & MAHINDRA LTD. DISCUSSED THE FUTURE OF AFFORDABLE MECHANISATION WITH ASHISH BHATIA
UNO MINDA AFTERMARKET PROJECTIONS
UNO MINDA IS READY TO SEIZE THE OPPORTUNITY, CREATING A GREATER PULL FOR ITS PRODUCT PORTFOLIO. IN AN UPFRONT SESSION RAKESH KHER, CHIEF EXECUTIVE OFFICER, THE AFTERMARKET DIVISION AT THE COMPANY SPOKE TO ASHISH BHATIA ON THE CONFIDENT RUN.
ROBUST TRAILER UNDERPINNINGS
BPW TRAILER SYSTEMS INDIA IS CONFIDENT OF ITS GLOBALLY PROVEN AIR-SUSPENSION TECHNOLOGY. IT IS DESIGNED FOR HIGH AXLE LOADS AND SPECIALIST APPLICATIONS, WRITES ASHISH BHATIA.
ON-HIGHWAY AND OFF-HIGHWAY STRATEGIES
MAHINDRA TRUCK AND BUS DIVISION IS DRIVING ITS COMMERCIAL VEHICLE ROADMAP FORWARD WITH WELL-THOUGHT-OUT ON-HIGHWAY AND OFF-HIGHWAY STRATEGIES, WRITES ASHISH BHATIA.