The domestic commercial vehicle industry growth has moderated from 11.5 per cent growth in FY2016 to 3.5 per cent in the 11 months of FY2017, according to the latest report of rating agency ICRA. The sector is expected to close the fiscal with a growth of 5 to 6 per cent.
Category: Warehousing & Logistics
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BS-III ban may cost truck makers Rs 2500 crore | CRISIL
The Supreme Court mandated ban on sale and registration of BS III vehicles post April 1, 2017 is estimated to cost commercial vehicle manufacturers Rs 2,500 crore, according to CRISIL Research.
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Allcargo Logistics wins ‘Best Risk Management Practice’ award
Allcargo Logistics Ltd, a leading integrated logistics provider, has received an award for ‘Best Risk Management Practice’ in the category of Supply Chain (Logistics) at the 3rd India Risk Management Awards 2017 which was held at Taj Lands End, Mumbai.
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Motherson Sumi acquires auto parts maker PKC for Rs 4,000 cr
Motherson Sumi Systems (MSSL) has acquired Finland-based global auto component major PKC Group for approximately €571 million (over Rs 4,000 crore), a move that will help the group to expand its footprint significantly in the American and European commercial vehicle market segments, said the company in a statement. This is the 16th acquisition by MSSL since 2002.
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Ashok Leyland showcases range of fully built logistics vehicle solutions
Ashok Leyland, flagship of the Hinduja Group, and the 2nd largest commercial vehicle manufacturer in India, recently showcased its range of fully built logistics vehicles.
Present at the occasion, Anuj Kathuria, President – Global Trucks, Ashok Leyland, said, “The logistics sector in India is witnessing a trajectory of growth and is expected to pace at a CAGR of 16 per cent. While the inflow on new investments will create new opportunities in this sector, the ‘Make in India’ campaign will se
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Areef Patel, Vice-Chairman, Patel Integrated Logistics Ltd
The logistics sector generates mass employment and is a key revenue earner for the government. In order to improve the competencies of the logistics sector, the Goods and Services Tax (GST) should be implemented without further delay, which could result in potential savings of around $200 billion and lead to streamlining of the taxation structure and reduce inventory maintenance costs.
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Jayem Logistics
Most of the start-up stories that make it to the front page depict an entrepreneur under the Bodhi tree having a vision or brainwave that presents itself in the form of an answer to a persistent question. However, on the other side of the mountain are the entrepreneurs who gather years, even decades, of intel on an issue, through observation, trial and error, and, in order to provide a solution that is current, state-of-the-art and right on the money.
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Building Logistics in India
Logistics infrastructure is a critical enabler of India's agenda for economic development and urbanisation. Recognising its pivotal role, the Indian government has tripled annual spending on logistics infrastructure over the past seven years.
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The Post GST Logistics of BIGGER WAREHOUSING
India´s burgeoning logistics and warehousing sector is set for an explosive growth trajectory, in the wake of the implementation of the Goods and Services Tax (GST) regime.
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The Indian logistics sector has come of age
The warehousing sector has seen minimal growth in India during the past decade or so. However, the last four-five years have been eventful for the sector which has witnessed a tremendous surge in business activities and foreign investments.