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Jul 4, 2014

TRUCKS MARKETS * USA - India

* USA - Manufacturers expanded in June but more slowly

(Photo: An employee works on a truck engine assembly line at Volvo Trucks' powertrain manufacturing facility in Hagerstown, Md) 
Washington,DC,USA -AP, by PAUL WISEMAN -Jul 1, 2014: -- U.S. manufacturing grew in June for the 13th straight month. But the pace of the expansion slowed from May... The Institute for Supply Management said Tuesday that its manufacturing index dipped to 55.3 in June from 55.4 in May. Any reading higher than 50 signals that manufacturing is growing... The trade group of purchasing managers said that orders rose at a faster pace last month compared with May. But growth in production and exports slowed. A measure of employment shows that factories added jobs for the 12th straight month; the pace of hiring last month was the same as in May... 


* India - Sales of medium, heavy-duty trucks pick up pace in June 

(Photo by Ramesh Pathania/Mint - With the exception of Tata Motors sales at most firms, including Ashok Leyland, Eicher Motors, Volvo Eicher Commercial Vehicles and Mahindra Trucks and Buses, saw a spike) 
Mumbai,India -Livemint, by Shally Seth Mohile -July 02 2014: -- After  declining for 33 consecutive months, sales of medium and heavy-duty trucks picked up in June, as an improvement in the mining sector and a pick-up in manufacturing led to some revival in demand for commercial vehicles... Commercial vehicle sales declined to 180,000 units in fiscal 2014 from 345,000 units in fiscal 2012, according to the Society of Indian Automobile Manufacturers. The decline for heavy-duty trucks, which almost halved during this period, was steeper...

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