It offers a range of trucks, which include long-haul trucks, mining and construction trucks, and distribution trucks. The company designs develops and manufactures defense vehicles for armed forces as well. Apart from these, the company offers power solutions for electric power generation, earthmoving and construction equipment, agricultural harvester combines, and marine and other non-automotive applications. The automotive giant recently accomplished its mission to be amongst the top 10 M&HCV trucks and top five M&HCV bus manufacturing companies globally in terms of volumes. It has more than 10 successful new product launches in the year.
Industry Overview
Global growth has been on a decline due to factors such as the negative effects of the tariff increases in the US and China, trade tensions which have taken a toll on business confidence, tightening of financial conditions, etc. For the automotive sector the year FY 2018-19 was very tedious. The government’s support for infrastructure development and road construction hoped to boost the demand for automobiles but on the other hand, macroeconomic factors indicated a huge mismatch in production and demand, especially for passenger vehicles. Even as the sector was able to maintain a steady output in the domestic markets, a fall in exports caused higher than usual inventory levels.
Denne historien er fra October 23-27, 2019-utgaven av Dalal Street Investment Journal.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra October 23-27, 2019-utgaven av Dalal Street Investment Journal.
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
How To Invest In An Ageing Bull Market
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What If Donald Trumps?
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Sectoral Gains Make A Mark
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