Baja Auto, makers of two and
three wheelers in the country, besides quadricycles, will be enhancing its
production capacities of 3 wheelers and quadricycles to 1 million per year.
Bajaj Auto’s decision follows an announcement made by Transport Minister Nitin
Gadkari to move towards a “no-permit” regime for auto rickshaws powered by
alternate fuels. The Minister made this announcement at the annual convention
of the Society of Indian Automobile Manufacturers (SIAM) in the Capital.
In a communication released to
the media, Rakesh Sharma, Chief Commercial Officer, Bajaj Auto, stated that the
Minister’s “announcement is a further fillip for the Bajaj Qute, which comes
with CNG / LPG fuel options, as more and more state governments approve the
Qute for taxi applications”.
He stated that over the last
12 months, there has been an up-surge in three-wheeler demand in India, owing
mainly to permits released in Maharashtra, Karnataka, AP and Delhi. Consequently
during the period September 2017 to August 2018, Bajaj Auto has sold 435,000
three wheelers representing a growth of 88% and has strengthened its leadership
in this segment.
Bajaj is the market leader
with 86% market share in the alternate fuel 3 wheelers and is therefore
delighted with this development, he added. “Alongside, our three-wheeler and
Qute volumes in international markets continue to grow at a good clip of 65%
YTD,” he noted. To capitalize on these positive developments, Bajaj will
shortly enhance its production capacities of 3 wheelers and Quadricycles to 1
million per year, his statement read.
Wabco Holdings Inc, announced
that, among a range of new trailer technologies on show, it will launch the
industry’s first global modular braking platform covering all types of trailers
at the IAA Commercial Vehicles 2018.
This latest breakthrough in
trailer braking systems design furthers Wabco’s worldwide leadership in
intelligent trailer technologies by offering trailer builders and commercial
fleets the industry’s most comprehensive portfolio of safety and efficiency
functions specifically for trailers.
Wabco will showcase how its
brand promise of “Mobilizing Vehicle Intelligence” for trucks and trailers is
delivering pioneering innovations and integrating critical vehicle control
systems to equip original equipment manufacturers (OEMs) and commercial fleets
around the world with the advanced safety, efficiency and connectivity
technologies necessary to support the industry’s migration towards
fully-autonomous, connected and electric vehicles.
Addressing the increasing
demand for technologies that will contribute to green transportation solutions,
Wabco will also unveil its eTrailer-prototype at IAA 2018
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