A dedicated provision for 1,100 e-trucks registered in Delhi has been made, with an estimated outlay of Rs 100 crore, aimed at addressing the capital’s serious air quality challenges.
The global movement of goods is entering a turbulent phase amid the trade war. New data reveals changes unfolding across ports, shipping lines, and logistics hubs
Demands include cuts in diesel prices, tolls, Fitness Certificate fees, and removal of border check-posts and no-entry timings in citiy limits.
The mining and construction business contributed around 42% to BEML's FY24 sales, and the company sees demand in this segment to stay strong.
Aid deliveries began arriving at a U.S.-built pier off the Gaza Strip on Friday, as Israel faces increasing global pressure to allow more supplies into the besieged coastal enclave, which is at war with Palestinian militants Hamas and is on the brink of famine. The temporary floating pier, pre-assembled at the Israeli port of Ashdod, was moved into place on Thursday along Gaza's shore, which lacks its own port infrastructure. The Pentagon's Central Command confirmed that no U.S. troops went ashore.
The company witnessed 39% growth in its sales in the domestic market at 25,930 units in 2023
The company is hoping to maintain its 30 percent market share this year and grow to about 35 percent going forward
Volumes are expected to remain subdued in the fourth quarter on a YoY basis, driven by the pause in infrastructure activities as the model code of conduct kicks in before the Lok Sabha elections.
The draft notification seeks to mandate installation of air-conditioning system in cabins of motor vehicles belonging to categories N2 and N3, manufactured from January 1, 2025 onwards.
Lamenting that truck drivers have been forced to work in extreme heat conditions, the minister said that he has been pushing for air-conditioned cabins for truck drivers for a long time.
According to ICRA, total investments made by the CV industry were estimated at nearly Rs 3,200 to Rs 3,500 crore during last fiscal, and a similar amount is expected for FY24 as well
This particular order is places for AVTR 3120 and AVTR 4420 TT models of Ashok Leyland, which have the improve the efficiency to VRL’s expanding fleet.
Raaho will use the funding secured in this round to build data science technology and expand its operations from the current 15 cities to 25 cities in the next six months
The All India Motor Transport Congress alleged that the Delhi government has since 2015 charged over Rs 1,350 crore as 'green tax' from trucks entering Delhi, but only spent less than one-fourth of it to reduce pollution in the capital.
However, BS-VI vehicles and those used for essential and emergency services have been exempted, according to an order issued by the Commission for Air Quality Management (CAQM).
With 20 million trips made by trucks every month to transport goods across the country, pivoting from gas-guzzling road transport will be among the biggest challenges.
The NLP is expected to embed India in global supply chains and energise the economy across multiple sectors. It is also expected to enhance green transportation, among others.
Raaho is targeting revenues of Rs 250 crore in 2022-23 and is aiming to grow its revenues to around $ 1 billion or Rs 7,500 crore in the next five years.
As part of the order, 135 built trucks have already been delivered to Bangladesh, Ashok Leyland said in a statement.
Though the order issued by the environment department did not make it clear if the curbs on construction and demolition activities will continue, a senior official said the ban has been lifted.
The company, which is already very strong in the mining space, now aims to bolster its presence in other segments like construction, haulage and e-commerce
The fortunes of Subros are directly linked to the growth of the passenger vehicle industry. Though the first quarter of FY22 is expected to be impacted by the second wave of COVID, the outlook for the remaining fiscal seems encouraging. The company management has indicated that the demand is expected to pick up post-easing of lockdown restrictions in various states. At the current valuation of 17.9 times FY23 projected earnings, the stock looks attractive.
Commenting on the feat, JK Tyre Chairman and Managing Director Raghupati Singhania said, “As a pioneer and market leader, we remain committed to driving innovation and bringing products for our fleet customers that are high on efficiency, safety and cost effectiveness”.
From fruits and vegetables worth Rs 9 crore in 300 trucks getting rotten to an exorbitant entry fee at some state borders, many truckers are a hassled lot despite guidelines
The virus, economic uncertainty and overlapping guidelines keep truckers away from work.