Q. The company continues to grow from strength to strength. Have you sustained your projections of a 12-15 per cent CAGR growth?
A. I recall our last conversation and yes the projection stands unchanged from a long-term perspective. Perhaps this year, there was a slight dip in the optics but I think by and large, fundamentally if I were to say, it’s a very strong situation from thereon. This is a positive scope of increasing the revenues and I’m very sure the CAGR will also move into the realm of maintaining and sustaining the double-digit future.
Q. From an Industry TIV standpoint, the aftermarket as a whole is expected to grow from USD 10 bn to USD 14 bn. Are expectations on the right track?
A. As you see the estimated vehicle parc is almost about 340 mn and growing over four to five years (~50 per cent). So we have a vehicle projection there. The last two years, particularly this year have been exceptionally good year for the two-wheeler segment at an all-time high including CV segments like three-wheelers where I think the estimates are very realistic. You will see that the vehicle parc will grow rapidly. In the aftermarket, we track these figures and the market closely and expect the vehicle parts universe to increase. We then calibrate our market share increase based on our present market share and what kind of products we are getting from the new models coming in. Overall, I think the estimates are quite accurate and the market can look forward to good times ahead clearly from a sales perspective.
Denne historien er fra May 2024-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 May 2024-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
PRAWAAS 4.0 TO SPOTLIGHT THE RESURGENCE IN THE BUS SEGMENT
PRAWAAS 4.0 RETURNS TO SPOTLIGHT THE POST COVID RESURGENCE OF THE BUS SEGMENT WITH MODERN GREENER SOLUTIONS TO MEETING OPERATOR REQUIREMENTS
ONE STOP TBR ZONES
IMAGINE PULLING OVER TO A DEDICATED TYRE ZONE THAT CATERS TO ALL YOUR PURCHASE AND MODERN-DAY AFTERSALES NEEDS. JOIN ASHISH BHATIA AS HE VISITS A PROMINENT ESTABLISHMENT, BRINGING THIS COMPELLING VALUE PROPOSITION TO THE FOREFRONT.
VOLVO TRUCKS ROLLS OUT LNG FOR THE LONG-HAUL
VOLVO TRUCKS INDIA UNDERTOOK AN EXTENSIVE PILOT WITH THE VOLVO FM 420 LNG 4X2 TRACTOR. IT IS NOW READY TO COMMERCIALISE IT AS PART OF A LARGER STRATEGY TO MEET ALTERNATE FUEL REQUIREMENTS
iMAXX OFFERS TANGIBLE BENEFITS
MTBD IS COMMITTED TO ENHANCING TECHNOLOGY, EFFICIENCY, AND CUSTOMER VALUE PROPOSITIONS. UPENDRA KASBEKAR RECENTLY VISITED THE CHAKAN PLANT TO GAIN INSIGHTS.
ADVANCING TRUCK TECHNOLOGY
AT THE ZF GLOBAL TECHNOLOGY DAY 2024, THE TECHNOLOGY SOLUTIONS PROVIDER SPOTLIGHTED ADVANCEMENTS IN TRUCK TECHNOLOGY WITH A MARKET-READY SUITE OF SOLUTIONS
SUSTAINABILITY AS STRATEGY
IN AN INDUSTRY TALK SESSION, SATYAKAM ARYA MANAGING DIRECTOR AND CEO, DAIMLER INDIA COMMERCIAL VEHICLES SPOKE TO ASHISH BHATIA ON INTEGRATING SUSTAINABILITY INTO THE OVERALL BUSINESS STRATEGY.
CHASING LOCALISATION
THE CHASE TO LOCALISE IS A GLOBAL PHENOMENON. ASHISH BHATIA GAUGES THE PURSUIT FOR AN EDGE.
LNG POLICY PRICING AND INFRASTRUCTURE
AT THE EIGHTH LNG INDIA SUMMIT 2024, INDUSTRY LEADERS SHARED CRITICAL INSIGHTS ON LNG POLICY, PRICING, AND INFRASTRUCTURE
DÜRR BUILDS THE FIRST EU TAXONOMY-COMPLIANT PAINT SHOP
PAINT SHOPS MUST BECOME \"GREENER\" TO HELP VEHICLE MANUFACTURERS FEEL CERTAIN ABOUT MEETING THEIR AMBITIOUS CLIMATE TARGETS
LUMAX CORNAGLIA BOLSTERS EMISSION COMPLIANCE
LUMAX CORNAGLIA HAS ADDED TO ITS MANUFACTURING FOOTPRINT BY COMMISSIONING A NEW PLANT FOR EMISSION-COMPLIANT PRODUCTS WITH AN EYE ON THE FUTURE