2019 will be a challenging year for bus market'

Wednesday, 13 March 2019, 04:27 Hrs
47
cmt right
51
Comment Right
79
cmt right
13
cmt right
Printer Print Email Email
2019 will be a challenging year for bus market'


The Indian bus market will be challenging in 2019, owing to the upcoming Lok Sabha elections and also the migration to BS VI emission norms, a senior official of Daimler India Commercial Vehicles said here on Tuesday.

"The Indian bus market is expected to grow by four per cent. There are challenges for the companies like the elections and also the migration to BS-VI emission norms," Daimler Buses India Managing Director Thomas Fricke told reporters.

He said the elections may impact the bus sales initially.

Fricke said the migration to BS-VI emission norm poses challenge of balancing the price hike and the pre-buy by customers before the new norms kick in April 2020.

Queried about the need for price hike as Daimler has the technology to confirm to the new emission norms for a long time and no new investment had to be done for the development of the same, Fricke said the components have to be localised which may warrant price hike.

He said in 2018, the company sold 1,555 buses/coaches/chasis up from 906 units sold in 2017, while the company exported 616 units last year up from 405 units in 2017.

Daimler Buses India this year, he said, is focusing on the preparations to upgrade its entire portfolio to the BS-VI standard, including the BharatBenz, 9-tonne buses in the school, staff and tourist bus sub-segments, the Mercedes-Benz 15-metre multi-axle luxury coaches and bus chassis for the 9,16 and 24-tonne segments.



Read More News:



Microsoft releases refreshed 'Skype for Web' on Chrome, Edge browsers



Source: IANS
SPOTLIGHT
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..