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India's domestic tractor sales declined by 14.94% in January 2024, totaling 55,589 units, compared to 65,353 in January 2023. Stay tuned to CMV360 for the latest updates on tractor sales trends.
Volvo's electric trucks are equipped with state-of-the-art Advanced Driver Assistance System (ADAS) features, including Forward Collision Warning with Emergency Braking, Driver Alert System and Lane Changing Support.
In the recently presented interim budget for 2024-2025, Finance Minister Nirmala Sitharaman emphasized the government's commitment to expanding and strengthening the e-vehicle ecosystem.
Bajaj Auto displayed the recently launched electric three-wheeler passenger and cargo variants - the Bajaj RE E-Tec 9.0 and Bajaj Maxima XL Cargo E-Tec 12.0.
The Urbania Diesel and Traveller CNG models aim to offer efficient and reliable urban commuting options, aligning with the evolving needs of the Indian urban population.
The EKA K1.5 range features a 300-volt electrical system, 60kW peak power, and a comprehensive warranty for worry-free usage
Out of the total sales, 5,817 tractors were sold in the domestic market, which was 6.7% lower than the 6,235 tractors sold in January 2023. The company faced a decline in its domestic tractor sales.
VST's Year-to-Date (YTD) sales show a 1.4% drop in power tiller sales, selling 28,734 units in January 2024 compared to 29,142 units in January 2023.
Sales decreased by 10.80% in the LMD segment, with 3,211 units sold in Jan 2024 compared to 3,599 units in Jan 2023.
In January 2024, Mahindra & Mahindra witnessed a 17% decline in domestic tractor sales (22,972 units) and a 25% drop in exports. Overall sales totaled 23,948 units, down 17% from January 2023. Year-to-Date figures revealed a 3% decrease in domestic sales
Volvo CE highlighted the DD40 Electric mini asphalt compactor, marking Bharat's first locally developed electric road machinery. The compact machine, powered by advanced Lithium-ion batteries, promises cleaner and quieter urban road construction.
The buses of FlixBus are equipped with ABS (anti-blocking braking system) and ESC (electronic stability system), setting the benchmark for safety standards in the industry.
The budget 2024 emphasizes India's commitment to decarbonising the transportation sector, aiming for a 40% e-bus penetration by 2030 and net neutrality by 2070.
The company recorded a 12.07% decrease in Gross Commercial Vehicle Sales, including a 15% decline in M&HCV categories and a 7% decline in LCV.
The Ministry of Road Transport and Highways receives a substantial allocation of Rs 2.78 lakh crore, while the Ministry of Railways is allocated Rs 2.55 lakh crore.
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