Tamil Nadu Finds Industry Favour And DICV Turns 10
Auto Components India|June 2022
In an upfront interaction, Satyakam Arya, Chairman of CII, Tamil Nadu State Council and MD & CEO at Daimler India Commercial Vehicles speaks to Ashish Bhatia on Tamil Nadu finding industry favour and contributing to India's economic growth rate. He also hails a successful decade of operations in India.
Ashish Bhatia
Tamil Nadu Finds Industry Favour And DICV Turns 10

Where do you see the demand revival coming from?

The market slowed down because of the slowing GDP growth, and that's now coming back on its feet. This is leading to new demand and the movement of freight, and therefore demand for trucks. The second important aspect is, that in 2019 itself, the market had started to slow down. First due to the transition to BSVI, and then due to Covid-19. So it's been three years which is a very long period of fleets not being replaced. Now, when GDP is relatively growing healthier, there is an increased demand for the movement of goods. All the fleet owners are coming back and buying new trucks. This is one major dimension which is rolling out in front of us.

The second dimension, which we will see, going forward, and will impact the CV industry is the scrappage policy. The policy has been rolled out but as the infrastructure grows, this includes the scrappage centres and the testing centres, it will have a good impetus on the demand by way of fleet replacement. The third important dimension is regulations. After transition to Bharat Stage VI, we are gearing up for the OBD II, safety regulations are lined up and these will also influence the industry going forward.

The other standalone dimension is the infrastructure as a whole in itself. We have seen the government investing aggressively in infrastructure. Whether it's the express highways or the multimodal logistics parks. These will have an impact in the medium- to long-term. People will prefer trucks which can do higher speeds which translates to higher horsepower for a better Turn Around Time (TAT), and lower Total Cost of Operations (TCO). It will mean that the entire product portfolio will shift in this direction. With multimodal logistics parks coming up across the country, we will see a sharper differentiation between light-duty, medium-duty and heavy-duty trucks which at present is not at par with global benchmarks.

Bu hikaye Auto Components India dergisinin June 2022 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Auto Components India dergisinin June 2022 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

AUTO COMPONENTS INDIA DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
NEW ZF TESTING LAB IN THE UK
Auto Components India

NEW ZF TESTING LAB IN THE UK

ZF has opened a new testing lab in the UK. UK’s first dedicated 800V Test and Validation Laboratory is located at its R&D hub in Solihull.

time-read
1 min  |
October 2024
CUMI RECEIVES TOT FROM DMRL
Auto Components India

CUMI RECEIVES TOT FROM DMRL

Carborundum Universal Limited (CUMI) receives Transfer of Technology (ToT) from Defence Metallurgical Research Laboratory (DMRL) to manufacture add-on composite armour for Wheeled Armoured Platform (WhAP) vehicles.

time-read
1 min  |
October 2024
NEOLITE ZKW OPENS NEW PLANT IN PUNE
Auto Components India

NEOLITE ZKW OPENS NEW PLANT IN PUNE

Neolite ZKW has opened a new eco-friendly manufacturing plant in Pune.

time-read
1 min  |
October 2024
BRIDGING THE SKILL GAP
Auto Components India

BRIDGING THE SKILL GAP

In an upfront interaction, Marcos Oliveira, President and CEO of lochpe-Maxion S.A. speaks about the upskilling initiative to bridge the skill gap and create a level playing field, with Upendra Kasbekar.

time-read
2 dak  |
October 2024
TECHNICAL EMPOWERMENT AT MAXION WHEELS
Auto Components India

TECHNICAL EMPOWERMENT AT MAXION WHEELS

In an era where the need for skilled labour is more pressing than ever, initiatives focused on upskilling through industry-academia collaboration have become pivotal to national growth, writes

time-read
5 dak  |
October 2024
CROSS BORDER SOLUTIONS
Auto Components India

CROSS BORDER SOLUTIONS

In the automotive aftermarket, the push for digitisation has become essential for companies of all sizes seeking a competitive edge in global e-commerce

time-read
3 dak  |
October 2024
FRONT-ENGINE MULTIAXLE GARUD
Auto Components India

FRONT-ENGINE MULTIAXLE GARUD

Ashok Leyland has unveiled the Garud, a testament to advancements in bus chassis engineering featuring an innovative architecture and quality aggregates, writes Upendra Kasbekar.

time-read
4 dak  |
October 2024
VEERO CHASSIS AND UNDERPINNINGS
Auto Components India

VEERO CHASSIS AND UNDERPINNINGS

Mahindra Veero spotlights chassis innovations and robust underpinnings. The advancement in the underpinning is significant, writes .

time-read
4 dak  |
October 2024
POWERTRAINS AND THE EVOLVING AFTERMARKET
Auto Components India

POWERTRAINS AND THE EVOLVING AFTERMARKET

The 27th edition of Automechanika Frankfurt got underway, marking the return of the global automotive industry's largest B2B aftermarket trade fair. It underscored the powertrains and the evolving aftermarket,

time-read
5 dak  |
October 2024
HIGH PRECISION PRODUCTION
Auto Components India

HIGH PRECISION PRODUCTION

MR Components leverages intelligent automation to produce high-precision gear components monthly, optimising output with unmanned operations. In an upfront conversation, Alessandro Reguzzo, Founder and MD of the company shares the fundamental philosophy with Team

time-read
5 dak  |
October 2024