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Shenu Agarwal, MD & CEO, says the company’s plan is to accelerate product development and roll them out within 2023. He says Ashok Leyland has been contemplating a foray into the sub-two-tonne segment for some time now.
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India’s second-largest commercial vehicle-maker has said while it is present in only 60 percent of the light truck market, it is keen to tap the remaining 40 percent with new products
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From the base effect point of view, if one looks at year-to-date (YTD) data, it is encouraging for the industry, the 3.5 tonnes to 55 tonnes, which has grown over 60 percent.
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Equipped with a 793 cc diesel engine, Maruti Suzuki Super Carry delivers a mileage of 22.07 km per litre. It comes with a loading capacity of 740 kgs and a loading deck of 3.25 square meter.
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Medium & heavy commercial vehicle sales during the month declined 8 percent to 8,201 units while light commercial vehicle sales grew by 2 percent to 2,696 units on yearly basis.
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Initially, the vehicle will be sold in three cities Ahmedabad, Kolkata and Ludhiana - priced at Rs 4.03 lakh, Rs 4.11 lakh and Rs 4.01 lakh respectively, MSI said in a statement.
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The country's largest carmaker Maruti Suzuki India today said it has started exporting its Light Commercial Vehicle (LCV) 'Super Carry' to South Africa
and Tanzania, ahead of its launch in the domestic market in the second quarter of this fiscal
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While Maruti confirmed to CNBC TV18 that the proposed LCV will be launched in the first half of the current fiscal, it declined any further details.
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Umesh Revankar, MD at Shriram Transport Finance says the rural economy will need 2-3 quarters to recover, although performance of certain segments like light commercial vehicles has started improving
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"Fitch Ratings expects the low fuel prices and falling interest rates (down by by 125 bps in 2015) to support Indian passenger vehicle growth during 2016," Fitch said in its report '2016 Outlook: Indian Auto Manufacturers'.
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Rohan Korde - auto analyst at domestic brokerage firm, Prabhudas Lilladher, says in the two-wheeler space, he is optimistic on Bajaj Auto despite the recent weakness in its export performance.
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Angel Broking has come out with its report on automobile sector. "Recovery in CVs advances; rural weakness continues to impact 2W and tractors", says the report.
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Country's largest car maker Maruti Suzuki India plans to roll out its light commercial vehicles (LCV) project on a limited scale, a top company executive said today.
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Overall exports for Ashok Leyland have historically been between 10 percent and 15 percent. But this year since the domestic market has fallen so drastically, the percentage of sales in exports will be higher may be closer to 20 percent.
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Bank of America Merrill Lynch has a buy rating on Maruti Suzuki India with a target price of Rs 1650.
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ICRA has come out with its report on Indian Auto Components Industry. According to the research firm industry future is looking uncertain.
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Tata Motors is celebrating the silver jubilee of its leading light commercial vehicle (LCV), the Tata 407. CNBC-TV18's Swati Khandelwal caught up with MD, PM Telang, for a quick chat.
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Hinduja Group flagship company Ashok Leyland, which has partnered with Japanese automajor Nissan to foray into the light commercial vehicle segment, today announced the price of its first product 'Dost'.
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The first light commercial vehicle from the Ashok Leyland-Nissan joint venture, Dost, is ready to hit Indian roads. The two parents are certain that this is the beginning of a beautiful friendship, reports CNBC-TV18’s Swathi Narayanan.
