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TRUCKMAKERS * India - Daimler Commercial Vehicles 1 year in
* Chennai - 5000th BharatBenz truck rolls out
Oragadam,CHEN,India -Rush Lane, by Pearl Daniels -July 26, 2013: -- Daimler India Commercial Vehicles (DICV), a 100% subsidiary of Daimler AG, among the top five truck makers in India, celebrates one year of production in the country. The company recently rolled out its 5000th truck on 10th July from their plant in Oragadam, Chennai, in the form of a heavy duty BharatBenz 2523C construction truck with 25 ton gross weight... BharatBenz series was launched in June 2012 and ever since then the company has been at the forefront of medium and heavy duty models... DICV has announced expansion of dealer networks and enhancement of product portfolio. By the year 2014, the company will have a total of 17 models on offer adding to their current lineup of medium duty trucks in the 9 to 12 ton capacity and heavy duty trucks in the 25 to 31 ton capacity...* India - Truck makers face the heat from Chinese brands in Sri Lanka
Chennai,India - ET, by Sanjay Vijayakumar -26 Jul, 2013: -- Truck makers are quickly losing their dominance in Sri Lanka, where sales have slumped, even as cheaper Chinese rivals have made inroads, piggybacking on their country's mega participation in the island's infrastructure development... Truck sales in Sri Lanka, which almost entirely depends on imports, have fallen dramatically from their peak in early 2012 owing to economic slowdown and high borrowing cost. From average monthly volumes of around 1,700 units of medium and heavy trucks, sales is now down to 374 units (June 2013). Likewise, light trucks sales have fallen from 1,700 units to 1,578 units. During this time, the share of Indian truck makers in the medium-heavy category has fallen from more than 74% to 42%. In light trucks, Indian players have fallen less precipitously - from nearly 90% to 77%... Frost and Sullivan pegs the Sri Lankan commercial vehicle market to be close to 34,000 units annually, including buses and goods carriers. The medium and heavy commercial market is dominated by India's No 2. truck maker Ashok Leyland, which has a joint venture with Sri Lankan government, Lanka Leyland, and its bigger Indian peer Tata Motors. Also playing a part is Mahindra and Mahindra. All three Indian players have been impacted...
Labels: truckmakers news India
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