#3 wheeler auto finance

[jobskolkata]

Sales Executive Job || Business Development Executive Job || Area Sales Manager Job || Manufacturing company ||Auto Parts Manufacturer || Kolkata || West Bengal || India

Uncover the Secrets to Success as a Sales Executive in a Manufacturing Company!

Are you ready to dominate the sales game in the manufacturing industry? Join us in this must-read JD for all sales executives looking to crush it in a manufacturing company! Learn insider tips, strategies, and best practices to skyrocket your sales performance and exceed your targets. Whether you're a seasoned pro or a newbie in the field, this video will provide you with valuable insights and practical advice to propel your career forward. Don't miss out on this game-changing opportunity – watch now and revolutionize your sales approach! #Sales Executive #Manufacturing Company Success #Sales Tips For Success.

Now the company needs BDE (Business Development Executive) for the following locations.

Job Title: Field Sales Executive

Job Description:

* Identify existing business opportunities.

*Generating new business opportunities.

* Building good relationship with potential clients.

*Market research to find potential competition.

* Routine follows up of the leads generated.

* Work in close contact with BDM/ASM for maturity of deal.

* Assisting customers in paperwork and finance processing for smooth operations.

Requirements:

* Qualification - H.S./ Graduate

* Experience- 1 to 3 years of experience in Automobile, Insurance, Finance, Auto accessories etc.

* Candidate with smart communications.

* Candidate with own two-wheeler preferred.

For the following Location staffs required:

Hooghly – 1 person required.

Haldia -1 person required.

Kharagpur -1 person required.

Bankura & Purulia -1 person required.

Burdwan (West)-1 person required.

Burdwan( East)-1 person required.

Salary package are: 1 lac 80 thousands to 2 Lacs 40 thousands LPA + Fuel + incentives.

Note:- Many more openings available just search in Google “Ideal Career Zone” Kolkata.

You can find many more job details in various posts in various companies.

You may call us between 9 am to 8 pm

8 7 7 7 2 1 1 zero 1 6

9 3 3 1 2 zero 5 1 3 3

Or you can visit our office.

Ideal Career Zone

128/12A, BidhanSraniShyam Bazaar metro Gate No.1 Gandhi Market Behind Sajjaa Dhaam Bed Hiset Bed cover Show room Kolkata 7 lakh 4

Thank you for watching our channel Please subscribed and like our videos for more jobs opening. Thank You again.

#SalesExecutiveJob, #BusinessDevelopmentExecutiveJob, #AreaSalesManagerJob, #Manufacturingcompany, #AutoPartsManufacturer, #Kolkata, #Bankura, #Purulia, #hoogly, #haldia, #kharagpur, #burdamaneast, #Burdamanwest, #WestBengal, #India, #कोलकाता, #কলকাতা, #Hoogly, #Howrah, #Kolkata, #हुगली, #हावड़ा, #হুগলি, #হাওড়া,  #idealcareerzone, #kolkatajobs, #WestBengal, #Silliguri, #Asaam, #mizuram, #Tripura, #Nepal, #India,  #Bihar, #Jharkhand, #Maharastra, #Delhi, #PanIndia, #job, #jobs, #latestjobs, Newjobs,

[kikusharma9001]

Introduction to Indian Stock Market Indices

The general state of the stock market is reflected in Indian stock market indexes. Indices for the Indian stock market serve as a compass for investors trying to buy shares that would provide significant profits. Indian stock market indexes were developed to display the stock market's present state. A technique known as "Sampling" is used by Indian stock market indexes, in which a sample of stocks is chosen to reflect the whole stock market.

The modifications to the Indian stock market indexes reflect the modifications to the stock market. Therefore, if the Indian stock market indexes increase, it generally indicates that investors are purchasing, and if they decrease, it suggests that investors are selling their assets. The values of the shares of the chosen stocks are averaged to create the Indian stock market indexes. The free float Market Capitalization weightage and the Price weightage techniques are the two most often utilized ways to compute the Securities Market Index.

Main Indices Of The Indian Stock Market

NIFTY 50: - The NIFTY 50 index, which is owned by National Stock Exchange (NSE) Indices Limited, is diverse and includes 13 economic sectors.

NIFTY NEXT 50: - The performance of the 'Next' 50 stocks, which are listed after the top 50 equities, is represented by the Nifty Next 50 index. It represents businesses that follow the Nifty 50 index and could be included in the NIFTY 50.

NIFTY 100: - The NIFTY 100 index displays the financial results for the top 100 stocks on the stock exchange. It includes key market capitalization stock market businesses and portrays their actions. It also shows the performance of the NIFTY 50 and NIFTY NEXT 50 combined.

BANKNIFTY: - The largest capitalized Indian banks are represented by their stocks in the BANKNIFTY. BANKNIFTY offers the investor a benchmark to assess the capital market performance of the bank stocks and represents approx. 12 firms from the banking industry.

NIFTY IT: - The top Indian IT businesses' success is reflected in the NIFTY IT Index. There are ten IT firms represented, including Tata Consultancy Services, Infosys, and HCL Technologies.

NIFTY AUTO: - The leading Indian automakers' financial actions and results are reflected in NIFTY Auto. There are approx. 15 tradable, publicly traded firms in it. The index includes industries that are associated to autos, such as 4 and 2 and 3 wheelers and Auto Ancillaries.

FINNIFTY: - The FINNIFTY index, which consists of stocks which covers banks, financial institutions, housing finance, insurance businesses, and additional financial services providers. The actions of the Indian financial market are reflected in it.

NIFTY FMCG: - Fast-moving consumer goods, or FMCGs, are readily available, non-durable products intended for mass consumption. There are approx. 15 stocks from this sector in NIFTY FMCG.

NIFTY DIVIDEND OPPORTUNITIES 50: - Investors are exposed to businesses through the NIFTY Dividend Opportunities 50 Index that produce significant returns while also being stable and marketable. The index, which consists of 50 firms, assists the investor in selecting top equities that will provide profits.

One of the best way to start studying the stock market to Join India's best comunity classes Investing daddy invented by Dr. Vinay prakash tiwari sir. The Governor of Rajasthan, the Honourable Sri Kalraj Mishra, presented Dr. Vinay Prakash Tiwari with an appreciation for creating the LTP Calculator.

NIFTY GROWTH SECTORS 15: - The NIFTY Growth Sector 15 Index, which consists of 15 businesses, exposes investors to liquid equities from market-interest sectors. Individual stock weights are limited at 15%.

NIFTY100 QUALITY 30: - The top 30 stocks chosen based on quality score make up the NIFTY 100 Quality 30. The financial leverage (Debt/Equity Ratio), return on equity (ROE), and earnings growth variability (EPS) examined during the last five years are used to determine each company's quality score.

NIFTY COMMODITIES: - The performance of the 30 company NIFTY commodities index, which represents the oil, petroleum products, cement, power, chemicals, sugar, metals, and mining industries, is shown.

NIFTY INDIA CONSUMPTION: - NIFTY India Consumption Index, which tracks the performance of approx. 30 firms, including Consumer Non-Durables, Healthcare, Auto, Telecom Services, Pharmaceuticals, Hotels, Media & Entertainment, etc., and represents the domestic consumption sector.

NIFTY ENERGY: - The NIFTY Energy Index includes the sectors of gas, electricity, and petroleum. There are approx. ten firms in it.

NIFTY 8-13 YR G-SEC: - The NIFTY 8-13 yr G-Sec index, which has an outstanding issue of more than Rs. 5000 crores, is formed utilizing the prices of the top five liquid GOI bonds and remaining maturities ranging from 8 to 13 years.

NIFTY 10 YR BENCHMARK G-SEC: - The clean price of a 10-year bond issued by the Central Government of India is used to generate the NIFTY 10Yrs  Benchmark G-Sec, commonly known as the Clean Price Index. This index tracks changes in a benchmark bond's price over a 10-year period using only clean prices.

[anikaarickshaw]

Affordable E-Rickshaw Financing: Unlocking the Potential of India's EV Revolution

Electric three-wheelers, especially e-Rickshaws, are paving the way for India's EV revolution. India has made a solid commitment to electric mobility. The Indian e-rickshaw market is estimated to grow at a CAGR of 9%. It will touch $5 billion by 2025.1 The country’s EV transition is gaining traction due to 1) demand creation, 2) state EV policies, and 3) domestic manufacturing. Simultaneously, the market for electric mobility in India is growing, enabled by policy, compelling and improving economics, and the emergence of new business models and investment opportunities. Adopting e-Rickshaws could be accelerated by access to affordable finance provided by creative business models and financial products. 

Electric three-wheelers, especially e-Rickshaws, are the driving force behind India's electric vehicle (EV) revolution. With a solid commitment to electric mobility, India's e-rickshaw market is set to grow at a CAGR of 9%, touching $5 billion by 2025. This growth is due to a combination of demand creation, state EV policies, and domestic manufacturing. However, to accelerate the adoption of e-rickshaws, access to affordable finance is critical.

 Business Models for E-Rickshaw Financing

The automotive industry's financing penetration varies greatly between categories, affecting the total cost of ownership, asset size, creditworthiness, and vehicle use cases. While less expensive segments and use cases see lower levels of financing with growing affluence, the unregulated e-rickshaw segment is unique. The penetration of funding by the organized sector is very low due to the high-risk nature of borrowers. Several important business models are present in the sector to meet the diverse needs of clients.

 The vehicle finance sector involves a wide range of stakeholders, from long-term investors who provide debt and equity capital to OEM-owned NBFCs and state-owned commercial financial institutions. For the E-Rickshaw finance sector to transform sustainably, every participant is essential. Yet, to increase market penetration and consumer confidence, private sector banks, captive financiers, insurance companies, and long-term investors should take the lead.

Scaling E-Rickshaw Finance with PSL

PSL inclusion can be an important near-term solution to scaling e-rickshaw finance in the following ways:

 Incentivizing banks to lend to EVs: Banks may be directly encouraged by inclusion to increase lending to meet priority sector targets. Banks that don't currently finance e-rickshaw might think about doing so, while banks that do might be inspired to develop specialized financing solutions with lower interest rates and longer loan terms.

Improving access to finance for NBFCs: NBFCs will be crucial to increasing e-rickshaw financing as they have increased their market share in auto financing over the past five years.

Institutionalizing the importance of EVs in India's financial industry: Constituting EVs as a priority sector can help institutionalize the asset class in the industry. Banks will be encouraged to build up their understanding of EV technology, policy, and business models.

The Way Forward

To meet its oil and energy demands, India must address rising emissions and import dependency by utilizing electric mobility and other alternative fuels. The potential of E-rickshaw in India has also gained the attention of industry players. Yet, switching to EV rickshaws also presents particular challenges.  India's EV supply chain is still in its infancy and entirely reliant on imports. To accomplish the value-price equation, innovative business methods are necessary.

 Long-term policies with clearly defined quantitative targets for demand and supply are needed. Charging infrastructure expansion needs to be fast-tracked, considering the overall growth of EV sales in the past two years. Schemes to promote the financing and leasing of EVs are essential, and a national-level EV awareness campaign is required to increase demand. Initiatives at the central and state level are necessary for skill development. By addressing these challenges, India can unlock the full potential of its e-rickshaw market and accelerate its transition to electric mobility.

[ujjivansfb]

Benefits Of Personal Loan for Your Dream Car- Three Wheeler finance

It is truly a feeling of great excitement to buy your own vehicle. Let it be for personal or business use, with our hassle-free vehicle loans, you can finally own your dream vehicle as you have always wanted to. Raftaar Loans by Ujjivan Small Finance Bank gives customized financing options with maximum funding value to the on-road price of the vehicle. Our loan approval and disbursal processes are quick, transparent, and require minimal documentation, making the whole loan application process simple and quick. At Ujjivan Small Finance Bank, we help you materialize your dream of owning a two-wheeler, three-wheeler, electric three-wheeler, or small commercial vehicle loan swiftly.

The Indian two-wheeler market is one of the most competitive in the world. The sheer number of players and their ability to innovate, coupled with the rising popularity of two-wheelers, has made the industry a prime target for investors and financiers alike.

 Finance companies have been investing heavily in this segment, with many offerings various loan schemes for buying new or used vehicles. However, many customers are still confused about how to choose the right product for them. This article aims to provide you with some tips on how to buy a two-wheeler using our personal loan scheme.

 Whether it’s for your daily commute or for weekend rides, we have the perfect loan option for you. We offer up to 2.75 lakhs to buy the two-wheeler of your choice. Moreover, we endeavor to make the loan application process simple and straightforward, requiring only basic documents and providing a quicker decision time for loan sanction.

 Features and Benefits include:

 ●       Customized financing options to cater to all types of 2-wheelers needs

 ●       Up to 95% funding on the on-road price

 ●       Flexible tenure options, ranging from 12 to 48 months

 ●       Hassle-free documentation

 ●       Competitive interest rates

 ●       Individuals whether salaried or self-employed with minimum work experience of a year aged between 18 to 59 years are eligible for the loan

 ●       Easy repayments

 Ujjivan Small Finance Bank provides hassle-free three-wheeler finance. We have a wide range of options available for both diesel & petrol engine variants. Our focus is to provide timely credit with quick, hassle-free processing and simplified documentation.

 Features and Benefits include:

 ●       We provide customized financing options for both Diesel & Petrol Engine variants.

 ●       Up to 90% funding on the ex-showroom price.

 ●       Flexible repayment options, ranging from 12 to 48 months

 ●       Hassle-free documentation

 ●       Individuals whether salaried or self-employed with minimum work experience of a year aged between 21 to 59 years are eligible for the loan

 The electric three-wheeler market is growing at a rapid pace. We support you with an electric three-wheeler loan to add momentum to your income and life. We provide loan solutions to help you buy an electric 3-wheeler to facilitate your journey of becoming financially independent.

 We have made the process of loan application and disbursal simple to ensure that you receive the loan quickly through minimum documentation for an electric three-wheeler loan.

 Features and Benefits

 ●       Customized financing options for both the battery types - Lead Acid Battery and Lithium-Ion Battery

 ●       Up to 80% funding on the on-road price

 ●       Flexible repayment options, ranging from 12 to 48 months

 ●       Hassle-free documentation

 ●       Individuals whether salaried or self-employed with minimum work experience of a year aged between 21 to 59 years are eligible for the loan

 Ujjivan Small Finance Bank is a leading small commercial vehicle financing provider in India. We offer a wide range of options that cater to the needs and requirements of aspiring small commercial vehicle buyers. We have an extensive network of dealerships across the country, which ensures that your vehicle can be delivered at your doorstep.

 We have tailor-made loan programs for all types of commercial vehicles, from delivery vans to heavy trucks. We offer flexible repayment options, ranging from 12 to 60 months for our customers, who can either pay off their loan in full- or on-time payments.

 Our customized financing options for small commercial vehicles with weighing capacity of up to 3.5 tons are designed to help you maximize your profits. Our loan products include:

 ●       Loans against ex-showroom price

 ●       Up to 90% funding on ex-showroom price

 ●       Flexible repayment options, ranging from 12 to 60 months

 ●       Hassle free documentation

 The minimum documents required for a loan are:

 ●       KYC documents

 ●       Commercial Driving license

 ●       One security cheque

 ●       One passport-size photograph

 ●       Own House Proof Document (Based on assessment or scheme).

 Your dream is ours too! Let us help you fulfill them. The best part is all you must do is fill out a form with the requested details and you will be done in no time. So simply call us or walk into our office and seize this golden opportunity of yours.

[mahindrafinancesworld]

Mahindra Finance provides A business vehicle advance is accessible to any individual or association, which is wanting to purchase a three wheeler loan. These credits are frequently costlier contrasted with individual vehicles; subsequently, you will require an advance that can assist you with supporting the buy.

[marketstrends]

Three Wheeler Loan | Mahindra Finance

Three Wheeler Loan | Mahindra Finance

Mahindra Finance covers the widest range of three-wheelers in India with flexible repayment options that range from 12 to 42 months. Your three-wheeler loans will get sanctioned within 48 hours. Our hassle-free documentation,

multiple repayment plans customized to match your needs and rates of interest are the best in the industry and are determined by the location of the customer, tenure of loan and customer profile.

[eftcapital01]

What exactly is auto financing? how to obtain a car loan in Australia

Auto financing allows you to pay in instalments rather than all at once when purchasing a vehicle. You can get auto financing to buy a new or used car. Customers can select between two and four wheelers, each with a different interest rate and repayment option. Before granting you a vehicle loan or auto loan, financial service providers consider your credit score as a criterion.

Vehicle loan in Australia: EFT Capital is a leading auto loan lender or financial services provider in Australia. Vehicle financing is available from EFT Capital for new and used cars, motorcycles, and other vehicles with terms ranging from 6 months to 3 years. Vehicles can be found at car dealers such as Carsales, Gumtree, and others, and EFT Capital can assist you with vehicle loans. You simply need to visit a website and fill out an online application. The loan specialist will review your application and contact you with the contract terms and conditions.

[petnews2day]

Festival lending: Banks show preference towards home loans; two-wheeler and travel loans also in demand

New Post has been published on https://petnews2day.com/pet-industry-news/pet-financial-news/festival-lending-banks-show-preference-towards-home-loans-two-wheeler-and-travel-loans-also-in-demand/

Festival lending: Banks show preference towards home loans; two-wheeler and travel loans also in demand

Banks and NBFCs in India witnessed an incremental increase in credit disbursed during the two festive fortnights from September 26 to October 25, 2022, reporting 47% growth in applications processed during this time, according to a report by digital lending platform Lentra.

Banks showed a preference towards wooing home loan customers this festive season with interest rate cuts. Even though RBI hiked the policy rate by 50 bps to 5.90 per cent in September, lenders led by the State Bank of India, HDFC, and ICICI, among others slashed the home loan rates this festive season.

Lentra also reported a surge in home loan applications processed this festive season with most of the demand coming from Tier 2 and Tier 3 towns.

Also Read: Rs 10,000/month deposit for 10 years in this Life Insurance plan to give tax-free Rs 29.47 lakh!

According to the report, as many as 50 financial institutions in India, including HDB Financial services, which are serviced by Lentra, have reported a surge in demand for consumer, two-wheeler, travel, and home loans on the back of an uptick in economic activity.

Lentra covers the entire spectrum of a financial institution’s lending needs, including KYC, compliance, onboarding, servicing, and collections among others. In absolute terms, loan origination volumes on Lentra’s platform rose to more than 5 Lakh applications on Dhanteras alone as compared to the same day in 2021, the report said.

As the economy recovers from the pandemic-induced slowdown, attractive financing options extended by banks during the festive season primarily fuelled the demand.

“An additional push was offered by the absence of restrictions, free movement of people, and relaxed travel guidelines, which led to elevated disbursement”, said Sandeep Mathur, Chief Revenue Officer, Lentra.

Also Read: Digital Rupee: RBI’s Central Bank Digital Currency (CBDC) pilot starts – What should retail users know?

Karthik Srinivasan, Chief Business Officer, HDB Financial Services Lt, says that the festive season started around Dussehra and picked up good momentum around Dhanteras and Diwali.

“All consumer businesses, such as Consumer Durable Loans, Two Wheelers and Auto Loans as well as consumption loans exceeded 2019 festive season volumes. It was also well spread around the 7 – 8 days, rather than sharp spikes around 2- 3 critical days, which is a true reflection of demand stabilising to normalcy post-pandemic period,” said Srinivasan.

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[kenresearchcompany]

Qatar Auto Finance Market Outlook to 2026F: Ken Research

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Qatar Auto Finance Market is in Maturity stage as there is moderate growth owing to rising Demand for Two Wheeler Vehicle: Ken Research

Driven by increasing vehicle prices and low-interest rates in the country, the Qatar Auto finance market has seen some growth in the share of commercial vehicles post covid-19.

Qatar Auto finance market Overview: The Qatar Auto finance market is highly dependent upon pricing. In the country, major price consciousness is seen among the population. New car financing is more prevalent in the country, especially after covid-19. The banks have been the dominant players as they have a huge pre-built database that they leverage for their own advantage which they use to give loans at a low-interest rate.

Growth drivers for the Auto Finance Market in Qatar: Qatar’s auto finance sector has seen a major shift with the announcement of the Qatar National Vision 2030 in which massive plans for economic targeting could aid the auto finance market in the huge way possible. Shift towards sustainability which was also announced in the Qatar National Vision 2010 and Electric Vehicles (Evs) will boost green financing and auto loans sector to a great extent.

Government regulations in the Auto Finance Market: Ministry of Economy and Commerce sets guidelines for auto dealers in Qatar related to performance, standards, and manufacturing of parts and components. Vehicle owners are required to register their newly purchased vehicles with the Ministry of Interior (MOI). Registration is mandatory for both new and used vehicles. Banking activities in Qatar are licensed under Qatar Central Bank (QCB). All legal entities involved in any banking activity have to apply for a license. 

Download Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDY2

Issues and Challenges in Qatar Auto Finance Market: The growth will not be exponential in the auto finance market after the Covid outbreak and semiconductor chip shortage. The market for 2Ws is low due to the preference of 4Ws depending on the luxurious lifestyle of the population. Also, the decreasing ex-pat population due to government policies is decreasing the demand for auto loans. Analysis shows that many small Car dealers and Financial Institutions are not able to cope with the rapid rise in technology in the industry-leading to their potential exit from the market.

Analysts at Ken Research in their latest publication “Qatar Auto Finance Market Outlook to 2026F- Driven by Increasing Vehicle Prices and Low-Interest Rate in The Country” By Ken Research observed that Qatar auto finance market has witnessed a decline in growth rate over the historical period. The shortage of semi-conductor chips, reduction of expatriate population and impact of COVID 19 has caused reduction in demand for auto loans in the country. However, the rising Auto Finance consciousness among the population, along with increasing loan facilities, customer taste, and preference, and implementation of favorable government rules & regulations is expected to contribute to the market growth over the forecasted period. The Qatar Auto Finance Market is expected to grow @2.8% CAGR over the forecasted period 2021-2026F.

Key Segments Covered

Qatar Auto Finance:

By Type of Vehicle financed

New

Used

By Tenure (for New and Old Vehicles):

1 year

2 years

3 years and more

By Type of Lender:

Banks

OEMs/Captives

NBFC

By Type of Lending Bank:

Government

Private

By Type of Commercial and Passenger Motor Vehicle:

Commercial

Passenger

By type of commercial motor Vehicle:

LMV

MCV

HCV

By Type of passenger motor vehicle

4W

2W and others

Key Target Audience

Qatar Auto Industries

Government Bodies & Regulating Authorities

Finance Industry

Car company

Automobile dealers and users

Time Period Captured in the Report:

Historical Year: 2016-2021

Base Year: 2021

Forecast Period: 2021– 2026F

Companies Covered:

Qatar National Bank

Doha Bank

Commercial Bank

Al khaliji commercial bank

Ahli bank

Qatar Islamic International Bank

Qatar Islamic Bank

Dukhan bank

Masraf Al Rayan

HSBC

Standard Chartered Check

International Bank of Qatar

First Finance Company

Al Jazeera Finance

Key Topics Covered in the Report

Qatar Automotive Market Overview

Ecosystem of Qatar Auto Finance Market

Qatar Auto Finance Value Chain Analysis

Business Cycle and Timeline of Major Banks in Qatar Auto Finance Market

Market Sizing Analysis of Qatar Auto Finance Market, 2016-2021

Qatar Auto Finance Market Segmentation

SWOT Analysis of Qatar Auto Finance Industry

Trends and Developments in Qatar Auto Finance Industry

Decision Making Parameter for Selecting Car Loan Vendor

Issues and Challenges in Qatar Auto Finance Industry

Growth Drivers of the Qatar Auto Finance Market

Government Policies and Initiatives for Qatar Auto Finance Industry

COVID-19 Impact on Qatar Auto Finance Market

Competition Framework for Qatar Auto Finance

Future Outlook and Projections of the Qatar Auto Finance Market

Market Opportunities and Analyst Recommendations

For more information on the research report, refer to below link: -

Qatar Auto Finance Market Outlook to 2026F: Ken Research

Related Reports

Singapore Auto Finance Market Outlook to 2025 (Edition II) – Driven by exorbitant Car Prices, Growing Digital Penetration and evolving Vehicle Ownership Characteristics amidst Systemically Regulated Car Ownership Policies by the Government

Singapore Auto Finance Market Outlook to 2025 - Driven by Green Car Loans, Growing Digital Advancements and Increasing Number of Finance Aggregators

Philippines Auto Finance Market Outlook to 2024- Growing Prominence of Captive Finance and Surge in Used Car Sales Supporting Disbursement for Auto Loans

[carkharidobecho24]

What to keep in mind when you're looking for a used car loan

Luxury cars are a thing of the past. Modern life is easier, safer, and more comfortable with a car. In addition, the COVID-19 pandemic has made having a car essential for several reasons. By using this method, people can travel safely without using public transportation, while still maintaining social distancing norms.

It is important to note that not everyone in India can afford a new car. Many buyers are unable to purchase such expensive vehicles despite the pandemic causing a prevailing economic recession. Consequently, the pre-owned car market in India is growing. You can easily purchase a second hand car with the help of a car loan in Varanasi.

In simple terms, what is a used car?

Used and previously owned automobiles transfer to a new owner for resale. New cars of the same make and model are much more expensive than used cars. Cars depreciate through gradual wear and tear over time because they're electrical and mechanical.

Every year, the value of a new car drops by about 10%. That means you can buy a five-year-old pre-used car worth Rs. 8 lakhs for about half that price, or Rs. 4 lakhs.

Read More - When looking for second hand car finance, what should you look for?

Market growth of used cars in India

India's personal mobility market exploded after the COVID-19 pandemic. In addition, small hatchbacks were in the highest demand due to their affordability. More than 85% of two-wheeler sales grew in the first quarter of 2021-22, while car sales grew 320%.

New cars, however, are not suitable for everyone. In addition to affordability, personal preferences can also play a role in this. Consequently, the pre-owned car market has grown rapidly in India.

A study found that India's used car market grew faster than the new one in 2020. In December 2020, used car sales in India increased nearly 50% YoY. As a result of the first lockdown, used car sales rose almost 115% in India.

It is forecast that pre-owned car sales in India will reach 70 lakhs by 2025-26.

What are the factors contributing to this boom? Let's talk about:

1. The demand for mobility is huge

Thanks to COVID-19, people now commute differently. Due to concern about Coronavirus and distancing norms, people are now avoiding public transportation, including buses, autos, trains, and taxis. Thus, personal mobility is in high demand.

The demand for cars has increased in India. Pre-owned cars are an affordable way to own a car for those who cannot afford a new car. Others buy second-hand cars to keep more than one car for the family.

2. New car buyers

This point is interrelated to the first point. Personal mobility demands led several people to purchase their first vehicles. This group of first-time car buyers boosted India's second-hand car market by nearly 50%.

OLX-CRISIL reports that first-time car buyers increased by about 8-10% in 2020-21. Novice drivers also purchase second-hand cars to improve their driving skills.

3. Organized players enter the market

Five years ago, there were only unorganized players in the pre-owned car market. It's all changed now, though. Several organized players have entered the Indian used car market in recent times. Used cars from these dealers are mostly in good condition.

Due to the entry of such dealers into the market, used car sales in India have grown rapidly. The fear that a second-hand car might have problems after a few months is no longer a reason to avoid buying one.

In addition, many second-hand car dealers offer a 12-month warranty against mechanical issues.

4. Consumer perception changes

Good-condition pre-owned cars offer a value-for-money proposition when you combine affordability with affordability. Second-hand cars are now attracting first-time buyers and recurring buyers.

As a result of the pandemic, the pre-owned car market in India has grown by 11%. Over the next few years, this growth rate should reach 15%.

6. Loans for used cars are available

A major reason for the growth of Indian pre-owned cars is this factor. Indian banks and non-banking financial corporation’s (NBFCs) now offer used car loans to help people own a car of their own. In some cases, lenders even offer 100% financing on pre-owned vehicles.

India's second-hand car loans have made owning a private car easier and more affordable. Even people who cannot afford the entire cost of a pre-owned car can take advantage of these loans.

Pre-used car loan considerations

Due to second hand car loan, people can now fulfill their dream of owning a car easier. Used car finance has grown rapidly since the pandemic. Many banks and NBFCs in India now offer loans for buying a "new" used car.

If you are considering a used car loan, here are a few things to keep in mind. Among them are:

1. Get a credit report

2. Identify the car's value

3. Calculate the right loan amount

4. Make a down payment 

5. Consider a shorter term

6. Check the rate of interest

7. Compare different lenders

8. Organize all documents

For getting more information about  second hand car loan interest rate, 

lowest used car loan rates in Varanasi, and car loan requirements in Varanasi at our website www.carkharidobecho24@gmail.com

Source link-

https://carkharidobecho24.com/what-to-keep-in-mind-when-youre-looking-for-a-used-car-loan/

[finance-7]

Where to get the Best Mudra loan in Chennai?

Searching for the best financiers to start-up your micro business in Chennai, but are still unsure of whom to approach? Well, look no further. TN Finance is here to help provide you the most efficient and best financial services to start-up, sustain and grow your businesses. Rated as the top financial experts in Chennai, we help provide finance support for your micro and small businesses through MUDRA loans. Started by the central government of India as to support the development of micro and small business, MURDA loan does not provide loans directly to the business but provides refinance to banks and NBFC’s to financially aid the small businesses.

Mudra loans can be availed only by those businesses that come under non-farm activities like generation, manufacturing, artisan, trading or service industries. TN Finance provides the best Mudra loan for small businesses at the lowest interest rate. It is a collateral free loan which can be used for a wide range of business expenses. Click here to know more.

Businesses activities that are covered under Mudra loans

Transport activities

Mudra loans can be used to purchase transport vehicles like autorickshaws, 3 wheelers, two wheelers, e-autos, taxies, tractors, trolleys, tillers, etc. strictly for commercial purposes only.

Community, Social & Personal Service Activities

Mudra loans can be used for business or services that involve community, social and personal activities. These activities include Salons, beauty parlors, gymnasiums, dry cleaning, tailoring, DTP, medical shops, courier agencies etc.

Food Sector

Mudra can be availed by those operating food related businesses like papad making, achaar, jam/jelly making, sweet shops, food stalls, catering services, cold chain vehicles, cold storages, ice making units, ice-cream shops, biscuit, bread and bun making units.

Textile products or Activity

Mudra loan also provides aid to textile related enterprises that include Handloom, powerloom, khadi activity, chikan work, zari and zardozi work, traditional embroidery and hand work. It also helps provide financial support to businesses that involve traditional dyeing and printing, apparel design, knitting, cotton ginning, computerized embroidery, stitching and other textile non-garment products such as bags, vehicle accessories, furnishing accessories, etc.

Traders and shopkeepers

Mudra loan scheme of Tarun loan which provides loan facility of up to rupees 10 lakhs per business/borrower can be availed by those operating shops that relate to the field of trading & business, service, and non-farm income generating activities.

Activities allied to agriculture.

Although Mudra loan is not eligible for those that work in agricultural sector, it can be availed by people doing business in agriculture allied activities like pisciculture, apiculture, poultry, livestock-rearing, grading, sorting, aggregation agro-industries, diary, fishery, Agri-clinics and agriculture related business centers, food, processing, etc.(excluding crop loans, land improvement such as canal, irrigation and wells).

[mycredr]

Sell Scooty Online in Bangalore without any hassle- How?

Sell old bike or buy a second hand bike all comes down to one thing- A genuine platform that offers you trustworthy and hassle free service. 

There is no shame in saying I was looking to sell my bike at a good price. Frankly, I have tried many options, from dealers to platforms like OLX and Quikr, but nothing worked out well for me. To sell my scooty online, I came across a platform named CredR, which one of my friends recently purchased a used bike from! Honestly, I didn't have any good feelings about them at an initial state. I felt if I sell my bike in Bangalore to CredR, they might not give me all the documents and money. But on my friend's request, I tried it out. 

To get to the good part, I visited their website through a Facebook Ad of CredR. I submitted all the requested bike details, and a free evaluation at my home location was scheduled. An auto expert evaluator came and finalized my bike. They provided a great price to my Zest scooty, and I was positive about it. Then the process took me three days, but I did everything with ease. 

So, this was my experience with CredR. But there are great things to think about when you plan to sell an old bike. As per my experience, I got many things done before selling my bike. If you are a buyer planning to buy a second hand bike, then it is not an easy task. You can visit the nearby showroom or second hand bikes or check out the brand new model without thinking about the bike's condition. Here are some checkpoints to evaluate the same concept. 

To Sell bike online, check on these points:Get a Fair Market price 

Sold to a genuine buyer 

Vehicle history paperwork 

Any loan must be mentioned 

Bike insurance must be clear

Get the money on time 

These factors are important both for the buyer and seller. They need to behave responsibly and do all the necessary checkpoints with ease.

1: Great Bike Price 

For the buyer: A buyer buying a used bike must be looking for something at a reasonable price. It would be best if you did enough market research in Bangalore before purchasing a second hand bike. Especially, getting your favorite brand used bike at an affordable price is a deal you need to figure out!

For seller: If you are up to sell old bike in Bangalore, you must be looking for a good deal. You need to find the best deal for your old scooty. Check on the other websites to find how much is offered on a similar sort of bike or used scooty. You have to keep a range in mind while you plan to sell your bike. 

2: Paperworks

For buyer:  Any buyer planning to buy a used bike must ask about the paperwork once they are up for buying a used bike. All you need to do is check the license, registration certificate, insurance, and even insurance. If you are buying a second hand bike or second hand scooty, you need to check the paperwork and then purchase it. 

For seller: If you are up to sell 2 wheeler, you must ensure that the paperwork is done for the bike or used scooty. The paperwork is a crucial factor that enables you to sell 2 wheeler easily. As you plan to sell your bike, you must have the documents ready for the new buyer. It will help make the process easy and transfer the documents to the respective person. 

3: Easy Financing 

For Buyer: Once you have decided which used bike you'll buy, ensure the price is within your budget. Take a test ride and then finalize on the bike. Your comfortability is crucial for you. So once you buy the used bike, make sure that the bike is adding comfort and reliability to your riding experience. 

For seller: As you plan to sell scooty online or sell scooty in Bangalore, the quoted price is finalized; it must be credited to your account. Choose a platform where a selling bike is effortless. As per my experience, I had a great time with CredR, and they quoted a good price and offered me a desirable amount for my old Zest Scooty. 

To conclude, sell bike or buy second hand bike in Bangalore from top brands like CredR. They offer premium service with all bike-related demands, and there is no hassle as everything is done to ease the process. While buying a used bike, make sure that the bike is decently priced and check the service history for a fair deal. Be confident with the purchase or selling old bike to a genuine platform. 

[johnhudgens1]

Tips On Semi Truck Financing

Are you considering purchasing a semi-trailer truck, yet you are unsure exactly how industrial finance works? Right here are actually some best aspects that will help you with your funding complication as well as can aid you become the owner of your quite personal truck.

Which Your Semi Truck Insurance Depends

For owner-operators who have a permanent lease along with an electric motor company, the common cost of semi-truck insurance coverage is in between $3,000 to $5,000 per year. For owner-operators along with their very own authorization, the expense may be considerably higher-- around $9,000 to 12,000 per truck annually.

Costs of semi-truck insurance policy have risen continuously for many years along with the price ranging in between $12,000 and $16,000 currently for new authorizations. The expense for insurance policy can depend upon a range of variables, besides the owner-operator status as well. A few of these include.

The expense of your car

What type of items are actually being actually carried. The chauffeur's grow older and also their expertise with a business driver's certificate span being steered your credit history.

Your layaway plan-- whether annually, regular monthly or every policy time frame.

Every insurer rates each of these variables differently, using different insurance policy packages. It assists to contrast costs from various policy strategies as well as then create your decision once you understand what style of insurance you need to have and what coverages it features.

Exactly how Is Your Credit History?

If your credit score past history is actually solid, there are banking companies which are actually ready to provide eye-catching funding choices. There are other alternatives also, consisting of commercial truck lenders, dealers as well as typical borrowing institutions to aid you to purchase your desire semi truck. There are also some providers provided services for offering amount of money to persons that wish to start their organization or even desire to get a car for service make use of. However, the prime focus is your credit rating.

Lenders will determine your capacity of lending and also will certainly inspect your credit scores history. It is actually far better to inspect your credit report background prior to satisfying along with prospective lenders.

The much better your credit report and credit rating, the much less problems you are going to deal with in securing the car loan. People with negative credit history might require help in getting a lending to acquire their aspiration truck. They can easily attempt credit unions to get confirmation for a finance, or they can follow lending institutions that allow sub-prime borrowers. Always keep in mind that also lots of inquiries can easily reduce your FICO rating. Individuals along with negative credit score may have to pay for a much higher down payment of 20% or more. Such a deposit will certainly assist guarantee lending permission.

Don't Forget Insurance

Look around to receive the best insurance possibilities and also make certain the insurance matches your month to month budget. It is possible that the finance company will demand verification of insurance prior to closing on your truck lending.

Semi-Truck insurance

Whether you are an entrepreneur along with one office truck or a whole military of trucks, you need to have suitable semi-truck insurance that accommodates the needs of your trucking company. Possibly you possess drivers who make easy distributions across community or even have actually educated and licensed common carrier that provide merchandises coming from shoreline to shoreline. No 2 companies utilize their semi-trucks in a similar fashion trend, and also each organization has details as well as special risks versus which it need to guard on its own.

Semi-Truck insurance entails many kinds of sizable vehicles that deliver your items and items, including the following:

Dump Trucks

Garbage Trucks

Tow Trucks

Tank Trucks

Box Trucks

Car Haulers and Auto Trailers

Semi-Trucks (18-Wheelers or even tractor-trailers).

Just like lots of automobile insurance plans, insurance for semi vehicles is actually comprised of several kinds of insurance that protect your truck in different techniques. Industrial responsibility, physical harm, uninsured/underinsured vehicle drivers coverage, and truck freight insurance all come along with a high quality semi-truck insurance policy.

The dangers that come with driving a truck are certainly not little. The observing causes are actually why you need semi-truck insurance:.

70 percent of all truck mishaps disclose building damage, thus normal semi truck insurance price can easily get rather high.

22 per-cent of truck incidents cause personal injuries.

About 130,000 folks experience some trauma in truck mishaps.

The semi truck insurance normal expense of a commercial truck mishap is about $59,000, so it is vital that your service possesses the effective insurance coverage.

SoCal Truck Insurance can provide you the insurance on semi associate respect to semi truck insurance ordinary expense, to make sure that you and also your trucking business can totally secure your chauffeurs as well as your vehicles. We will encourage you plans to cover you as well as your vehicle drivers are dealt with versus risks when they create their essential shippings. Contact us today to acquire your quote and receive you covered.

Visit: https://www.socaltruckins.com/semi-truck-insurance/

What Types of Semi-Truck Insurance Are There?

The very first important thing to find out about semi truck insurance is that there are a number of sorts of insurance readily available.

Generally, what kind of insurance you requires relies on your standing.

Owner-operators working under their personal authority need to insure both vehicles and also motorists completely.

Owner-operators that have a lease with an electric motor provider need to have physical harm as well as bobtail insurance, however carry out not normally need to have to deal with much more than that. Why? Because the motor carrier is currently doing it.

For owner-operators who are freshly under their personal authority, insurance may be extra expensive.

How to Lower Your Semi-Truck Insurance Rates.

Clean driving-- Insurance business locate their costs on the possibility of must pay a case. Chauffeurs along with CDL experience and a great receive discount rates.

Pay yearly-- Paying the entire superior in 1 chance, along with the semi truck insurance being higher, is simpler said than done. If you may do it however, truckers who pay their insurance price for the year in a singular round figure can see their overall premium minimized by over 10%, in some cases around 20%!

Look at greater deductibles or reduced restrictions-- Your limitations and also deductibles are connected to your costs-- much bigger accountabilities on your component equate to lesser superiors. Be careful, however, due to the fact that a much higher insurance deductible currently could possibly bring about you paying out even more later on.

Review fees for semi truck insurance in between many firms-- Just like with just about anything else, the simplest way to receive the very best cost is to review quotes from several sources. With semi truck insurance, shopping around is a little harder due to the fact that a number of the principal insurance provider don't write trucking risks. Our goal is actually to make it simple for you to shop, review, as well as get the most effective policy for truck. Get in touch with 3 different semi truck insurance agents today!

Whether you are an organization proprietor along with one industrial truck or even an entire military of trucks, you require suitable semi-truck insurance that suits the needs of your trucking service. Just like many automotive insurance policies, insurance for semi vehicles is actually comprised of a number of kinds of insurance that secure your truck in various means. Commercial responsibility, bodily harm, uninsured/underinsured vehicle drivers coverage, and also truck cargo insurance all happened with a high quality semi-truck insurance policy. SoCal Truck Insurance; may offer you the insurance on semi vehicles with regard to semi truck insurance common expense, therefore that you and also your trucking company may totally defend your motorists and also your vehicles. With semi truck insurance, purchasing about is actually a little bit of more difficult since many of the main insurance providers do not create trucking threats.

via SoCal Truck Insurance https://ift.tt/3iUnlBD

source https://socaltruckins.weebly.com/blog/tips-on-semi-truck-financing

[finance-7]

Where to get the Best Mudra loan in Chennai?

Searching for the best financiers to start-up your micro business in Chennai, but are still unsure of whom to approach? Well, look no further. TN Finance is here to help provide you the most efficient and best financial services to start-up, sustain and grow your businesses. Rated as the top financial experts in Chennai, we help provide finance support for your micro and small businesses through MUDRA loans. Started by the central government of India as to support the development of micro and small business, MURDA loan does not provide loans directly to the business but provides refinance to banks and NBFC’s to financially aid the small businesses.

Mudra loans can be availed only by those businesses that come under non-farm activities like generation, manufacturing, artisan, trading or service industries. TN Finance provides the best Mudra loan for small businesses at the lowest interest rate. It is a collateral free loan which can be used for a wide range of business expenses. Click here to know more.

Businesses activities that are covered under Mudra loans

Transport activities

Mudra loans can be used to purchase transport vehicles like autorickshaws, 3 wheelers, two wheelers, e-autos, taxies, tractors, trolleys, tillers, etc. strictly for commercial purposes only.

Community, Social & Personal Service Activities

Mudra loans can be used for business or services that involve community, social and personal activities. These activities include Salons, beauty parlors, gymnasiums, dry cleaning, tailoring, DTP, medical shops, courier agencies etc.

Food Sector

Mudra can be availed by those operating food related businesses like papad making, achaar, jam/jelly making, sweet shops, food stalls, catering services, cold chain vehicles, cold storages, ice making units, ice-cream shops, biscuit, bread and bun making units.

Textile products or Activity

Mudra loan also provides aid to textile related enterprises that include Handloom, powerloom, khadi activity, chikan work, zari and zardozi work, traditional embroidery and hand work. It also helps provide financial support to businesses that involve traditional dyeing and printing, apparel design, knitting, cotton ginning, computerized embroidery, stitching and other textile non-garment products such as bags, vehicle accessories, furnishing accessories, etc.

Traders and shopkeepers

Mudra loan scheme of Tarun loan which provides loan facility of up to rupees 10 lakhs per business/borrower can be availed by those operating shops that relate to the field of trading & business, service, and non-farm income generating activities.

Activities allied to agriculture.

Although Mudra loan is not eligible for those that work in agricultural sector, it can be availed by people doing business in agriculture allied activities like pisciculture, apiculture, poultry, livestock-rearing, grading, sorting, aggregation agro-industries, diary, fishery, Agri-clinics and agriculture related business centers, food, processing, etc.(excluding crop loans, land improvement such as canal, irrigation and wells).

[wealthpalofficial]

Do you wish you ride the growth in Electric Vehicles industry in India? According to an independent study by Centre for Energy Finance, the EV market in India will be a US$206 billion opportunity by 2030. This would require a cumulative investment of over US$180 billion in vehicle production and charging infrastructure. Bizstart (www.bizstart.in) is excited to empanel Akshay, the Founder/Director at Prestantia Creations Private Limited, Greater Noida, which has been in the business of manufacturing and selling electric 3 Wheelers, 2 Wheelers, and Golf Carts for the past 7 years. A serial entrepreneur and a successful innovator, Akshay has won several awards like Make in India, Best Automotive designer by IIT Delhi, IIT Madras, NSDC, and Auto Desk USA. Akshay has a network of dealers in 45 cities and18 states across India. You can study two real business opportunities in Electric Vehicle industry in India on www.bizstart.in You can also schedule a call with Akshay to tap into his rich experience in this field. Bizstart (www.bizstart.in) is now LIVE with 255+ different business options to choose from. #bizstart #electricvehicles #electriccar #electricscooter #electricvehicles #electriccars #electricbike #zeroemissions #escooter #emobility #ebike #businessideas #businessoptions (at Greater Noida) https://www.instagram.com/p/CQ8OkZclSyY/?utm_medium=tumblr

[orbemnews]

Daimler’s Truck Unit Maps Plans to Replace Diesel With Hydrogen Carmakers have been promising to scrap the internal combustion engine, and now it’s the truckmakers’ turn. But the makers of giant 18-wheelers are taking a different route. Daimler, the world’s largest maker of heavy trucks, whose Freightliners are a familiar sight on American interstates, said last week that it would convert to zero-emission vehicles within 15 years at the latest, providing another example of how the shift to electric power is reshaping vehicle manufacturing with significant implications for the climate, economic growth and jobs. The journey away from fossil fuels will play out differently and take longer in the trucking industry than it will for passenger cars. For one thing, zero emission long-haul trucks are not yet available in large numbers. And different technology may be needed to power the electric motors. Batteries work well for delivery vehicles and other short-haul trucks, which are already on the roads in significant numbers. But Daimler argues that battery power is not ideal for long-haul 18-wheelers, at least with current technology. The weight of the batteries alone subtracts too much from payload, an important consideration for cost-conscious trucking companies. Instead, Daimler and some rivals are betting on fuel cells that generate electricity from hydrogen. Fuel cells produce no tailpipe emissions, and hydrogen fuel tanks can be refilled as fast as diesel tanks — a distinct advantage compared with batteries, which typically take at least twice as long to recharge. In April, Daimler began testing a prototype “GenH2” long-haul truck capable of going 600 miles between visits to the hydrogen pump. But lots of work is needed to bring down the cost of the equipment and there is not yet a network of hydrogen fueling stations or an adequate supply of hydrogen produced in a way that does not cancel out the environmental benefits. Last week Daimler provided details of how it plans to solve these problems, with the goal of selling hydrogen-fueled long-haul trucks by 2027 that will be cheaper to buy and operate than diesel models. During an online presentation Thursday, Daimler executives announced a partnership with Shell to build a “hydrogen corridor” of fueling stations spanning northern Europe. For shorter-haul trucks, Daimler announced a partnership with the Chinese company CATL to develop batteries, and partnerships with Siemens and other companies to install high-voltage charging stations in Europe and the United States. In March, Daimler and Volvo Trucks, which are usually intense rivals, formed a joint venture to develop fuel cell systems that will convert hydrogen to electricity to power long-distance trucks. The message is that the energy transition is too big even for a company the size of Daimler, with revenue last year of 154 billion euros, or $188 billion, to manage on its own. Daimler has been working on hydrogen fuel cell technology for decades, but the technology is not yet cheap enough or rugged enough for commercial use. “The fuel cells out there today are not at all fulfilling the demands that we have coming from our customers,” Lars Stenqvist, chief technology officer of Volvo Trucks (which is a separate company from Volvo Cars), said in an interview from company headquarters in Gothenburg, Sweden. “That’s one reason to join forces with Daimler, in order to share that development burden.” Daimler, based in Stuttgart, is planning this year to split its truck- and bus-making operations from the division that makes Mercedes-Benz cars, forming a separate company with its own stock market listing. The spinoff of Daimler Truck, announced in February, is a momentous event for the company, which traces its roots to the inventors of the automobile and was once a sprawling conglomerate that manufactured airplanes and trains as well as autos. One motivation for the amicable divorce is to give the truck unit more freedom to react to technological change, while raising money from investors to help finance the enormous cost of developing emission-free long-haul vehicles. Today in Business Updated  May 21, 2021, 3:55 p.m. ET “Independent management and governance will allow them to operate even faster,” Ola Källenius, the chief executive of Daimler, said Thursday. Daimler managers concede that some portions of its truck business are ailing. In the United States, Freightliner, which Daimler acquired in 1981, is the top selling brand of heavy truck, with more than one-third of the market. But in Europe, Mercedes-Benz brand trucks have lost market share and score behind rivals in customer satisfaction surveys. Karin Radstrom, hired this year from rival Scania to fix the Daimler Truck business in Europe and Latin America, said the company put too much energy into fancy engineering that customers weren’t willing to pay for. “To some extent we lost touch with our customers,” Ms. Radstrom said during the presentation Thursday. As with passenger cars, the truck-making dinosaurs like Scania, a unit of Volkswagen, or Paccar, maker of Kenworth and Peterbilt trucks, face new competitors trying to exploit the transition to electric technology. Nikola, a truck start-up based in Arizona, was briefly worth more than $20 billion on the stock market. But its shares have lost three-quarters of their value since the founder, Trevor Milton, resigned last year facing accusations he had made numerous false assertions about the company’s hydrogen fuel-cell technology. Nikola at least demonstrated how eager investors are to put their money into hydrogen trucks. Another example is Hyzon, a maker of fuel cells based in Rochester, N.Y., that has begun offering complete trucks and buses. In February, Hyzon was acquired by Decarbonization Plus Acquisition Corporation, a so-called SPAC that raises money before it has any assets. Tesla unveiled a design for a battery-powered semi truck in 2017, which the company has said it will begin delivering this year. Tesla, Scania and some other truckmakers are skeptical of hydrogen technology, which they regard as too expensive and less energy-efficient. The traditional truckmakers like Daimler and Volvo have some advantages over the start-ups. Truck buyers tend to be practical hauling firms or drivers who carefully calculate the costs of maintenance and fuel consumption before they make a decision. Managers of big fleets may also be reluctant to take a chance on a manufacturer without a long track record. “There is a lot more spreadsheet analysis and crossing the Ts before any orders are signed,” said Daniel Ives, a managing director at Wedbush Securities who follows the tech industry. “Daimler is in a massive position of strength.” For trucking companies, it is a confusing time. They face pressure from regulators to reduce their impact on the climate before there is a big selection of emission-free vehicles to buy, said Glen Kedzie, energy and environmental counsel for the American Trucking Associations, an industry group. President Biden has been promoting electric vehicles, but has not yet defined what that means for the trucking industry. Trucking companies, which have depended on diesel for most of the last century, will have to revamp their maintenance departments, install their own charging or hydrogen fueling stations in some cases, retrain drivers and learn to plan their routes around hydrogen or electric charging points. But Mr. Kedzie said that emission-free trucks also had some advantages. Fuel costs for battery-powered vehicles are much lower than for diesel trucks. Maintenance costs may be lower because electric vehicles have fewer moving parts. Drivers like the way electric trucks perform — an important factor at the moment when there is a driver shortage in America. Many companies that ship a lot of goods, like Walmart or Target, are trying to reduce their carbon footprints and taking an interest in zero-emission trucks. “There are a lot of potential benefits” Mr. Kedzie said. Daimler says its aim is to make battery-powered short-haul trucks that can compete on cost with diesel by 2025, and long-haul fuel-cell trucks that achieve diesel parity by 2027. “In that very moment when the customer starts benefiting more from a zero-emission truck than a diesel truck, well, there’s no reason to buy a diesel truck anymore,” Andreas Gorbach, chief technology officer for Daimler’s trucks and buses division, said during the presentation Thursday. “This is the tipping point.” Source link Orbem News #Daimlers #diesel #Hydrogen #Maps #plans #replace #Truck #Unit