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TRUCKS' MAKERS * India - Govt norms push up truck prices
Mumbai,India -The Economic Times, by Lijee Philip -3 Nov, 2007: -- Despite a drop in truck volumes in the last few months, truck majors such as Tata Motors, Ashok Leyland and Eicher have raised prices by about 2% to 2.5%... This is necessitated by a steep rise in the cost of raw materials and installation of expensive safety features in line with mandatory norms... However, according to sources, dealers of commercial vehicles have not yet passed on the hike to their customers as most of them are stuck with huge inventory... The trend was earlier seen in 2005, when trucks adhering to the BS3 emission norms were forced to raise their prices by around Rs 50,000 per vehicle... (Picture by Niels Jansen/Biglorryblog: New Ashok Leyland tipper)* Daimler talks to India Hero Group for trucks
Mumbai,India -Economic Times/ Reuters/ -Nov 2, 2007: -- Daimler is in talks with India's Hero Group for an alliance to make commercial vehicles, said on Friday, citing industry sources... Daimler, which has been importing its Actros range of heavy trucks, recently began assembling some locally. It will move to its new plant near Pune in western India in 2009, which will have the capacity to assemble trucks as well as Mercedes-Benz cars... The Hero Group, which makes bicycles and has a 26 percent stake in Hero Honda Motors Ltd, the country's top motorbike maker, has indicated an interest in commercial vehicles...Labels: truckmakers news worldwide
posted by Unknown @ 8:47 AM
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