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Sep 12, 2012

TRUCKS MARKETS * WORLDWIDE

* Iraq - could be 'next Saudi Arabia' 

 Bagdag,Iraq -Construction Week Online, by Ben Roberts -Sep 20, 2011: -- Iraq’s extensive rebuilding requirements could make it “the next Saudi Arabia” for contractors and suppliers, according to an executive at MAN Trucks... Dave van Graan, vice president of sales at the German heavy vehicle giant, said the gradual pick up in demand for machinery to help develop the troubled northern Gulf country has already given the company “four-fold” what it had earned in income in the previous five or six years – with a lot more potentially to come... Van Graan said, the country’s size, population density and oil reserves created an ongoing pipeline of projects, and these attributes can be applied to Iraq... Demand for trucks and other vehicles remains high. Earlier this year the country extended its $42m deal made in 2008 with vehicle giant Scania to include the production of 5,000 trucks and buses over a five-year period. Further deals with Mercedes and Renault mean that Iraq has boosted both its vehicle production and parts manufacturing industry in the past 12 months, and hopes to produce trucks domestically within the next ten years...

* Iraq - Wants to make its own trucks within ten years

(Photo: Bagdag's Air view) 
Bagdag,Iraq -Contruction Week Online, by Stephen White -Aug 21, 2011: -- The director general the State Company for Automotive Industry says that Iraq's current production deal with Scania will help it to start domestic truck production within a decade... Iraq's existing $42m deal made in 2008 with Scania was recently extended to include the production of 5,000 trucks and buses over a five-year period. Further deals with Mercedes and Renault mean that Iraq has boosted both its vehicle production and parts manufacturing industry in the past 12 months...


* Middle East: Demand for trucks to increase by 8.9%

(Between 2006 and 2010 the Middle East market took a share of 5.5% of global volumes) 
Rockville,MD,USA -Construction Week Online, by Stephen White -Aug 24, 2011: -- Demand for construction trucks in the Middle East will increase by 8.9% in the next four years... Market analysts ICD predicts that global construction trucks consumption will also rise by 9.83%... In its new report, Construction Trucks - Market Opportunities and Business Environment, Analyses and Forecasts to 2015, ICD reports that Saudi Arabia and the UAE provided a safe haven for the truck segment despite a decline in global demand of 2% in 2010... Between 2006 and 2010 the Middle East market took a share of 5.5% of global volumes and, while the region remains the smallest in world terms, ICD forecasts that sale volumes will push global market share close to double digits leading up to 2015... With Turkey still the sole producer of construction trucks in the region, Saudi Arabia and the UAE will remain completely dependent on imports to meet their growing domestic demands...


* India - Commerce Ministry moots phasing out 15-year-old trucks to drive CV sales demand

(Photo: Overload truck, Sawai Madhopur, India) 
New Delhi,India -The Business Standard -Aug 31, 2012: -- The Commerce and Industry Ministry is proposing phasing out of trucks which are older than 15 years to drive sales of new ones in the wake of a demand slump in the domestic market... Secretary in the Department of Industrial Policy and Promotion (DIPP), Saurabh Chandra today, at a CII function, asked the industry to join hands with the government in this initiative by providing "part funding"... According to Society of Indian Automobile Manufacturers (SIAM) production of medium and heavy commercial vehicles (M and HCV) declined by 21.2% in the April-July period this fiscal to 93,016 units as against the same period last fiscal... The same for light commercial vehicles (LCVs) were, however, up by 8.27% to 1,71,719 units during the period... Total commercial vehicles (CV) production was down by 4.30% to 2,64,735 units during April-July this year as compared to the same period last fiscal... In terms of sales, during April-July period M and HCV clocked 89,226 units, down 12.75% compared to the same period last fiscal... However, sales of total CVs grew marginally by 4.74% during the period to 2,48,223 due to good performance from LCVs which stood at 1,58,997 units, up 18.02% as compared to the same period last fiscal...


* India - 6 Million Electric Vehicles By 2020... Why It May Work ?

(Photo: The REVA NXR) 
New Delhi,India -Green Car Reports (USA), by Antony Ingram -Sep 4, 2012: -- With most electric cars currently selling in no more than four-figure sums each month, a time when they're selling by the million looks an awfully long way away... In India, that time might arrive a whole lot quicker... The country's National Council for Electric Mobility (NCEM) has approved a $4.1 billion plan to sell six million hybrid and electric vehicles over the next eight years... One reason for that is the type of vehicles being sold. As InAutoNews reports, four million of those six million hybrids and electrics are expected to be two-wheelers... In countries like India, where household incomes are relatively low, two-wheelers are still the most cost-effective means of transportation, particularly with electric vehicles that tend to cost a little more. A study in 2010 revealed that 12 percent of commuting traffic in India is on motorcycles, far higher than anywhere else... The next factor in the favor of EVs is that India's journeys are particularly well-suited to electric vehicles... Six million electrics and hybrids by 2020? Not a problem in India. And if Elon Musk is to be believed, up to half of all new vehicles by 2032 will be electric...

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