The maker of Bharat Benz expects the light to heavy truck market to grow by 30-50% in 2021. But this bounce back in growth will be on a very low base of 2020, where Bharat Benz expects the market to slip by 50-60% this year. To be sure, from January to June, the market has already nosedived 74% and this after 25-30% decline in 2019.
"Our AVTR range of trucks provides our customer with the latest in technology and innovation. With our economy gradually picking up and business coming to normalcy, these trucks will play a crucial role to get the goods moving," Kathuria said in a press release.
"We are now the first company in the country to be selling fully-connected commercial vehicles," VECV CEO Vinod Aggarwal said. The entire lineup of the company's commercial vehicles, ranging between 4.9 tonnes and 55 tonnes, will come with telematics system with two years free subscription, he added.
"When we went for technology selection, we had two options -- either go for the European technology or the Chinese technology. Chinese, as we all know, is the cheaper technology but a stable one as well. We chose to go with Foton back in 2017 basis the fact we wanted to get products quicker, suitable for India," PEMSPL Director Aman Garg told.
The new sales initiative, which the company claims is first-of-its-kind in the CV sales space, comes nearly a month after Piaggio Vehicles Private Limited (PVPL) rolled out a digital platform for its Vespa and Aprilia brands of scooters.
Vehicle owners want to invoke the Indian Motor Tariff Endorsement 11, which asks insurers to either extend the policy or reduce the premium in the subsequent renewal if a vehicle is "laid up" in a garage for an extended period. However, the insured are required to inform the insurer in advance about such a lay-up.
Buses could undergo a redesign from the inside to take into consideration norms of social distancing, Vipin Sondhi, MD and CEO of Ashok Leyland said while launching the commercial vehicle major’s range of modular trucks, AVTR, equipped with i-Gen6 BS-VI technology on Thursday.
Ashok Leyland COO Anuj Kathuria said the company will roll out the AVTR range from different plants across the country where it has done necessary modifications. The company is also looking to scale up its sales and service network across the country, he noted.
The company said it was able to restart operations at the plant in less than 24 hours after receiving permission from local authorities as it had started intensive preparation even before the lockdown in India came into effect in March, DICV said in a statement.
Commercial vehicle major Ashok Leyland on Tuesday said it sold no units last month amid the nationwide lockdown. The company had sold a total of 13,626 units in the domestic and export markets in April 2019, Ashok Leyland said in a statement.