Expanding its footprint in the Western region, Daimler India Commercial Vehicles (DICV), in association with Autobahn Trucking, has inaugurated three new BharatBenz dealerships in Pune (Chakan), Nashik and Satara. Opening of the new touchpoints in these highly industrialised automotive districts in Maharashtra indicates the increasing demand for BharatBenz products in the state. Speaking on the inauguration, Anshum Jain, COO, […]
Ashok Leyland has signed an MoU with Shriram Automall India Ltd. (SAMIL) to launch an exclusive hybrid ecosystem for its used commercial vehicle business. The phygital platform will facilitate an exchange and proper disposal and purchase of old commercial vehicles. With the entry into this segment, Ashok Leyland aims to streamline the used vehicle market […]
Daimler India Commercial Vehicles (DICV) has announced a strategic tie-up agreement with Shriram Automall India Ltd. (SAMIL) to bring used commercial vehicles to the Indian CV market. The collaboration will provide a platform for customers to exchange their used vehicle of any brand for new or used BharatBenz vehicles, PAN India. SAMIL is India’s leading […]
Tata Hitachi has inaugurated its new Machine Care Facility (MCF) set up by its dealership, PSN Group at Bengaluru. This is yet another step in Tata Hitachi’s constant endeavour to further strengthen customer service in Karnataka State. Kaushik Narayan, Joint Managing Director, PSN Group, said: “Our Tata Hitachi machine care facility in Bangalore will provide […]
The year 2020 turned out to be a juggernaut given that not only was it the year of BS-IV to BS-VI transition but also one when the corona virus brought the world’s economy to a screeching halt. A N Sivaramakrishnan takes stock of all that has happened since the first rumblings of change began to take place […]
Abutani Trucking, dealer of BharatBenz trucks in Assam since 2017, celebrated a sales milestone of delivering 1000 BharatBenz trucks to customers in the North East. BharatBenz tankers and mining applications are widely favoured in the region thanks to their reputation for safety and best-in-class features. The sales milestone is a testament to growing customer faith […]
Resultant higher cash accruals and lower inventory will bolster credit metrics With 20-22% revenue growth and 50-100 basis points (bps) improvement in operating margin expected for next fiscal, overall revenue and operating profits of automobile dealers are set to scale back to pre-COVID levels, a study of 191 rated by CRISIL Ratings Ltd. shows. Revenues, […]
One of the oldest dealerships of Tata Motors in India, Maurya Motors has come a long way in the last 30 years. With a firm presence in various segments related to vehicle sales, the company successfully weathered the pandemic-related storm and is looking forward to a strong year for earning growth in FY22, reports Rajesh Rajgor […]
CV dealers are well and truly back on track as far as business post-COVID is concerned. The dealers covered in this exclusive feature exude positive yet guarded outlook for FY 2021-22 thanks to gradual opening up of the economy and usual business activities on road to recovery, observes Rajesh Rajgor The sales of trucks and buses […]
Backed by good support from Tata Motors and witnessing a good pick-up in business post the pandemic, Kamal Motors is now gearing up for a brighter future Kamal Motors is part of the Ailsinghani Group that is engaged in the businesses of clearing and forwarding, transportation, logistics solutions, yard management and dealership. The dealership business […]
Since there is a bounce-back across all important industry segments with the opening up of markets and increase in demand in hub-and-spoke distributions, FY22 looks optimistic, according to G P Randhawa of Randhawa Motors Randhawa Motors, a division of Randhawa Automobile Engineering (P) Ltd., has been an authorised dealer for Mahindra Truck and Bus Division […]
FY22 will definitely be better as long as there won’t be another lockdown, but we will have to work much harder to gain whatever we have lost in the past, says Aroor Arjun Rao, Director, Arvind Motors Arvind Motors (P) Ltd. started its operations in Karnataka as an authorised Tata Motors’ commercial vehicle dealership in […]
In this exclusive interaction, C S Vigneshwar, Deputy Managing Director, Anamallais Agencies (Stadium) points out the lessons learned from the pandemic and the factors that will lead to a turnaround in the commercial vehicle sector Coimbatore-based Anamallais Agencies (Stadium) is one of the oldest dealers of Eicher trucks and buses in Tamil Nadu. Established in […]
With the post-lockdown phase boosting sales in the automotive industry, V S Arun of VST Motors is quite hopeful of a return to normalcy VST Motors Ltd. is one of the leading commercial vehicle dealers of Tata Motors with over six decades of close association. Managing Director V S Arun shares his views on business […]
The Federation of Automobile Dealers Associations (FADA) has released the monthly vehicle registration data for January’21. After showing a one-time YoY growth in December, January registrations once again fell by -9.66%. All categories except Tractor were in red. On a YoY basis, 2W, 3W, CV and PV fell by -8.78%, -51.31%, -25% and -4.46%. Tractor […]