Price of trucks will raise

Truck majors like Tata Motors and Ashok Leyland are going for a price hike, third since January, they are learnt to have resisted any price hike from component players that supply tipper and body parts to the commercial vehicle makers.

Trucks have been under pressure for the last few months, especially the higher tonnage vehicles, such as concrete mixture, tractor, tank, etc. The last two months (April and May) saw light commercial vehicles grow by 9%, while the medium and heavy CVs (passenger carriers) fall by 5%.

Lack of finance and high interest rates have seen many fleet operators postpone purchases, sources said. They indicated that truck manufacturers are being forced to cut production or maintain flexibility in the manufacturing line, so that inventory pile-up does not take place.

Indications are that truck across the country have been asked to pick up stocks before the price increase takes place. Sources indicate the steel component suppliers, who provide tipper and bus body parts to the truck manufacturers, are being forced to sell at the earlier contracted rates of around Rs 36,000 a tonne, even as they buy steel at Rs 48,000 a tonne, the current market price.

“While volumes may be high, the manufacturers are dictating terms on price since the last few months,” said a major steel component supplier. On conditions of anonymity, one of the major suppliers said that if the prices are not revised, they may be forced to shut shop.

Steel component suppliers have seen prices surge by about 20-30% in the past two months, as steel companies raised their prices following an increase in iron ore and coal prices.

The rates are expected to go up further as Australian iron ore firms have forced Chinese steel mills to revise the earlier contracted price hike of 67%, due to higher shipping freights. NMDC, the state-owned iron ore company, is also expected to hike rates soon. Sources say steel prices are likely to go up to Rs 56,000- Rs 58,000 a tonne soon. So the price of dumper and the tank trucks will also raise.

Labels: trucks, dumper, china truck, HOWO, concrete mixture, Tipper, trailer, tractor, tank

 

Don't Click on the Links posted on the first post. It has got VIRUS on the website!


Now this is the information I got for this little ho-chu! I am going to add his both e-mail addresses to few databases. He won't even know what hit him! He won't be able to open and work on his mailbox. He has to be more than a rice-head in order to save his ***. Not to forget, his domain name.

Domain Name ..................... truckeden.com
Name Server ..................... dns9.hichina.com
dns10.hichina.com
Registrant ID ................... hc790924380-cn
Registrant Name ................. kun zhang
Registrant Organization ......... Beijing Yangtze River Trading Co.,ltd.
Registrant Address .............. Unit 1404, Baojing Building. No.189 Andingmen Wai Street, Dongcheng District, Beijing, China
Registrant City ................. beijingshi
Registrant Province/State ....... beijing
Registrant Postal Code .......... 100011
Registrant Country Code ......... CN
Registrant Phone Number ......... +86.01064400168 -
Registrant Fax .................. +86. -
Registrant Email ................ zk_ivan@sina.com
Administrative ID ............... hc790924380-cn
Administrative Name ............. kun zhang
Administrative Organization ..... Beijing Yangtze River Trading Co.,ltd.
Administrative Address .......... Unit 1404, Baojing Building. No.189 Andingmen Wai Street, Dongcheng District, Beijing, China
Administrative City ............. beijingshi
Administrative Province/State ... beijing
Administrative Postal Code ...... 100011
Administrative Country Code ..... CN
Administrative Phone Number ..... +86.01064400168 -
Administrative Fax .............. +86. -
Administrative Email ............ zk_ivan@sina.com
Billing ID ...................... hichina001-cn
Billing Name .................... hichina
Billing Organization ............ HiChina Web Solutions Limited
Billing Address ................. 3/F., HiChina Mansion
No.27 Gulouwai Avenue
Dongcheng District
Billing City .................... Beijing
Billing Province/State .......... Beijing
Billing Postal Code ............. 100011
Billing Country Code ............ CN
Billing Phone Number ............ +86.01064242299 -
Billing Fax ..................... +86.01064258796 -
Billing Email ................... domainadm@hichina.com
Technical ID .................... hichina001-cn


Technical Name .................. hichina
Technical Organization .......... HiChina Web Solutions Limited
Technical Address ............... 3/F., HiChina Mansion
No.27 Gulouwai Avenue
Dongcheng District
Technical City .................. Beijing
Technical Province/State ........ Beijing
Technical Postal Code ........... 100011
Technical Country Code .......... CN
Technical Phone Number .......... +86.01064242299 -
Technical Fax ................... +86.01064258796 -
Technical Email ................. domainadm@hichina.com
Expiration Date ................. 2011-04-14 03:14:09