The vehicle scrappage policy would improve demand for used CVs but not contribute meaningfully to revive demand for new CVs in the short term, says India Ratings.

DICV has invested around Rs 500 crore to localise its EURO VI technology for India, completing two million kilometres of testing, developing new facilities and over 1000 new parts, and achieving an outstanding localisation rate above 80 per cent on its products.

A host of factors such as over-capacity, slowing economic growth, soft freight rates, rising ownership and operating costs, etc has impacted the sales of commercial vehicles (CV) over the past few quarters.

Daimler India Commercial Vehicles (DICV) showcased its readiness to the new emission norms of Bharat Stage VI which will be effective from April 2020, in a Sneak Preview event held in Chennai.

The DICV portfolio of BS VI busses and trucks to generate export potential

The industry has pulled out all stops in offering attractive deals and discounts to the consumers.

The auto industry, which has already registered de-growth of 21.6 per cent in the first four months (4M) of fiscal year 2019-20 (FY2020), may get some support from the recently announced stimulus measures by the government, says ICRA.

Government’s plan to set up charging infrastructure for electric vehicles (EV) needs stronger push. Considering that the optimal locations for EV charging infrastructure in most cities with a tight land supply are difficult to obtain, it is significant to assess carefully, the planning of these sites in metros.

In addition to the impact of revised axle load norms, the impact of slowing economy and tight liquidity in the NBFC space is also contributing to weak sales.