Zigwheels Home

Old trucks may be phased out

by PTI Image Courtesy: Reuters Posted on 03 Sep 20124,849 Views1 Comments

Commerce and Industry ministry has proposed a phase out of trucks older than 15 years to drive commercial vehicle sales


Mahindra Maxximo Assembly Plant

The Commerce and Industry Ministry is proposing phasing out of trucks which are older than 15 years to drive sales of new ones in the wake of a demand slump in the domestic market.
"In the last quarter, production of heavy commercial vehicles have fallen. So, we will request the minister (Heavy Industries Minister Praful Patel) to think of an incentive scheme for replacing trucks which are more than 15 years old," Secretary in the Department of Industrial Policy and Promotion (DIPP) Saurabh Chandra said here today at a CII function.

Patel was also present at the CII Manufacturing Summit. Chandra also asked the industry to join hands with the government in this initiative by providing "part funding".

According to Society of Indian Automobile Manufacturers (SIAM) production of medium and heavy commercial vehicles (M&HCV) declined by 21.2 per cent in the April-July period this fiscal to 93,016 units as against the same period last fiscal.

The same for light commercial vehicles (LCVs) were, however, up by 8.27 per cent to 1,71,719 units during the period.

Total commercial vehicles (CV) production was down by 4.30 per cent to 2,64,735 units during April-July this year as compared to the same period last fiscal.

In terms of sales, during April-July period M&HCV clocked 89,226 units, down 12.75 per cent compared to the same period last fiscal.

However, sales of total CVs grew marginally by 4.74 per cent during the period to 2,48,223 due to good performance from LCVs which stood at 1,58,997 units, up 18.02 per cent as compared to the same period last fiscal.


Also Read: Tata to launch 50 new products in the Commercial Vehicle segment


Post Your Comment

Do you like this story?

Volvo shows revolutionary new inflatable child seat concept

by Anand Mohan

The inflatable child seat can inflate in 40...

Volvo introduces new Drive-E powertrain across range

by Punam Chavan

The 2014 Volvo V40 will be the first car to get...

Infosys signs agreement with Volvo

by Punam Chavan

Infosys has signed an agreement with Volvo Car...


Datsun Go: Special Coverage

With the Go the Datsun brand once again comes to life and is here to make its place in the...

Hyundai Xcent: Special Coverage

Hyundai has launched its compact sedan, the Xcent, at a smashing starting price of Rs 4.66 lakh...


Read Next Story