By next year, Ahmedabad Bus Rapid Transit System (BRTS) will become the first service in India to use electric buses. Ashok Leyland, a commercial vehicleÂ’s manufacturer, in an agreement with Ahmedabad Janmarg (AJL), will run 50 electric buses on the BRTS corridor and will look after the maintenance, appointment of drivers and installing chargers.
Tag: commercial vehicle
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CV growth to moderate to 5-6percent in FY2017 | ICRA
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.
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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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Magma expects recovery in equipment finance in H2 of FY14
V Lakshmi Narasimhan, Chief Financial Officer of Magma Fincorp expects recovery in the commercial vehicle and equipment finance segments during the second half of 2013-14. The recovery would have tangible impact on commercial vehicle and equipment finance segments. Owin