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'2019 will be a challenging year for bus market'
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SME Times News Bureau | 13 Mar, 2019
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.
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