Q. In terms of M&HCVs, how was the market in FY2020-21?
A. The M&HCV segment registered a 58 per cent decline in the Total Industry Volume (TIV) in April-November period of the financial year 2020-21 as compared to the corresponding period in the last financial year. The government mandated lockdowns provided limited business opportunity in the first quarter of FY2020-21. An amount of recovery was visible in the second quarter of FY2020-21. The month of November 2020 saw the M&HCV TIV register a positive growth in comparison to the volumes in the corresponding month last fiscal. This was largely due to the return of traction in construction trucks. The overall TIV growth in construction truck business (led by the announcement of new road construction and mining projects) reached 43 per cent by November 2020. Rapid expansion of e-commerce logistics too helped. It also contributed to the return of traction in Q2. Haulage requirements for white goods, FMCG, etc., were the factors as well.
Q. Any rub-off of the last financial year that led to consequences in the current financial year?
A. With the pre-buying of BSIV CVs in the period between December 2019 and February 2020, a sluggish demand in the Q1 of FY2020-21 was expected. A clear road map concerning the transition from BSIV to BSVI led to a sequential reduction in BSIV vehicle production in late 2019 and early 2020. This was followed by a de-stocking plan and the transition to BSVI inventory at the dealership level. The Covid induced lockdown and uncertainties further impacted volumes in Q1 of FY2020-21. With the deployment of the business continuity plan and rampup of BSVI vehicle production since June 2020, a steady recovery in volumes and market share is underway.
Q. Covid-19 was a big factor and continues to be even today. How did it affect the M&HCV market this year?
Denne historien er fra February 2021-utgaven av Commercial Vehicle.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra February 2021-utgaven av Commercial Vehicle.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Tesla Robotaxi plans face scrutiny
Tesla’s investors are set to question CEO Elon Musk on the company’s robotaxi plans during its quarterly earnings report, after a hyped reveal without key details led to a dip in shares.
Open Telematics software
Cummins has partnered with Bosch Global Software and KPIT to launch Eclipse CANought, an open-source project for commercial vehicle telematics under the Eclipse Software Defined Vehicle initiative.
SML Isuzu Annual Dealer Conference 2024
From 13th to 17th September 2024, SML Isuzu Ltd hosted its Annual Dealer Conference in Dubai. The event brought together 70 pan-India domestic and Internal dealers, creating a platform for strategic discussions and unveiling the Annual Operating Plan (AOP).
District Version of PMGatiShakti National Master Plan for 27 aspirational districts
Union Minister of Commerce and Industry, Piyush Goyal, launched the district version of the PM GatiShakti National Master Plan for 27 aspirational districts, marking the third anniversary of the PM GatiShakti initiative.
The Best Of Automechanika Frankfurt 24
The 27th edition of Automechanika Frankfurt got underway, marking the return of the largest B2B aftermarket trade fair for the global automotive industry, writes Ashish Bhatia.
64th SIAM Annual Convention
The 64th SIAM Annual Convention focused on mobility strategies for advancing the industry. The eyes are on a sustainable future by 2047, writes Richa Tyagi.
Commercial Playsets
Even as the Indian automobile industry touches new heights and innovations, it is the commercial mobility play sets that continue to be a major draw. It is a good starting point for the next generation, writes Prajakta Chavan Rane from her plant sojourn.
Transforming India's Roads - The Urgent Need For Commercial Vehicle
The CV sector, a cornerstone of India's economy plays a pivotal role in driving growth and serving as the backbone of the logistics industry, writes Chidambaram Balaji, Regional Product Line Leader (India) Chassis Control, ZF India.
NAGPUR-MUMBAI SAMRUDDHI EXPRESSWAY FOR TRANSPORTERS
The Nagpur-Mumbai Samruddhi Expressway, a transformative project in Maharashtra, promises to enhance connectivity and spur economic growth. Upendra Kasbekar checks the on ground progress.
Elevating Customer Value Proposition
Guru Ram Das Body Builders has significantly evolved to enhance the customer value proposition. It has adeptly adjusted to the changing commercial vehicle market, writes Ashish Bhatia.
