Yamaha Motor and YAMABIKO to Develop and Sell Agricultural Drones by 2018

 

Yamaha Motor Co., Ltd. (hereinafter, Yamaha Motor) and YAMABIKO CORPORATION (hereinafter, YAMABIKO) have agreed to form an alliance regarding the joint development and commercialization for agricultural chemical spraying systems using multi-rotor drones.

Yamaha Motor, which manufactures and sells unmanned helicopters for spraying agricultural chemicals, and YAMABIKO, which manufactures a comprehensive range of compact agricultural machinery, will work together to leverage each other’s know-how in the joint development of agricultural chemical spraying systems using multi-rotor drones. These new drones will be compatible with a wide variety of chemical delivery formats, including liquids and granules, and product launches are scheduled from 2018.

By bringing together Yamaha Motor’s product development and quality assurance strengths as well as its sales and service network together with YAMABIKO’s pest control technology and Japan-wide agricultural machinery sales network, the two companies aim to expand sales in the industrial drone market, in which demand has been growing in recent years.

Yamaha Motor released an unmanned helicopter for spraying agricultural chemicals in 1989, and its Japan domestic market share of pest control spraying areas is currently 42.5% of staple food rice paddy rice fields (2016 results, Yamaha Motor data). The Company is actively expanding use in agricultural applications globally, including Korea, the United States, Australia, New Zealand, and Thailand. Outside of agricultural applications, there are also industrial unmanned helicopters for multi-solutions capable of long-range automatic navigation providing advanced services to government agencies and general enterprises, etc. in a wide range of industrial fields such as vegetation surveillance and measurement work, disaster prevention, and disaster support.

Since YAMABIKO’s predecessor company Kyoritsu Noki launched a rice paddy pest control agricultural chemical sprayer in 1948, YAMABIKO has accumulated pest control technology over many years which delivers efficient spraying of agricultural chemicals. Based on its founding principle of “contributing to society through increasing food production,” YAMABIKO has developed agricultural pest control machinery which has played a major role in a wide range of agricultural regions, including rice paddies, farmland and orchards. From compact pest control machinery to large ride-on pest control machinery, YAMABIKO supplies products and services essential to continued stable food supply.

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Next step in Northvolt’s site-selection process

Northvolt proceeds with discussions with eight Swedish and two Finnish municipalities to identify the optimal site for a large scale battery production facility. Physical preconditions, logistics, local business climate and the ability to attract highly skilled labor have been particularly important in the selection process. Northvolt are now proceeding discussions with Gothenburg, Gävle, Luleå, Malmö, Mariestad-Skövde, Norrköping, Skellefteå and Västerås in Sweden, and with Kotka-Hamina and Vaasa in Finland.

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Electrification and renewable energy storage are key to a carbon neutral society. Batteries will enable this transition, and help free the world’s electricity generation and distribution from coal, oil and natural gas. Northvolt’s aim is to accelerate this transition by building Europe’s largest battery factory. The ongoing site-selection process is a central and critical part of the ambitious project.

“We’ve been overwhelmed by the interest from municipalities and regions across Scandinavia. We’ve talked to some forty stakeholders and decided to proceed in discussions with eight Swedish and two Finnish municipalities. We’re moving forward swiftly to make sure we’re taking a leading role in the European market”, says Northvolt’s CEO Peter Carlsson.

The requirements for Northvolt’s large-scale battery factory are exceptional considering land suitable for industrial activity, power supply, proximity to water for cooling, conditions for environmental and other permits. These requirements must be able to be fulfilled within a tight timeframe. Additionally, logistic conditions, including access to port, rail and an international airport, are taken into account. Northvolt is also evaluating the local labor market, industrial tradition, and vicinity to universities.

Northvolt will hire a large number of highly specialized engineers, many from Asia or the United States, which adds yet another evaluation criteria as the factory must be located in a region that is attractive to talented professionals.

A new state-of-the-art industry will be established in the municipality where Northvolt will set up the production facility. Northvolt’s assessment is that the battery production alone will employ approximately 2 500 people. The overall regional impact will lead to far more job opportunities, as the factory will bring an increasing demand for transportation, convenience services and public service, as well as housing and education.

Northvolt will continue with in-depth assessments of the remaining municipalities. The aim is to have a decision in place this summer with regards to which sites the company should proceed with for environmental assessments and permitting processes.

Let me express the company’s gratitude to all municipalities who have expressed interest in our selection process, and to the individuals and representatives of the business community for their enthusiasm. Collaboration is necessary to make this project successful. We’ve met strong support for our ambitious plan from both the public and private sectors. We’re confident that we have a competitive business model in place. We have a unique opportunity to build a new industry that will help accelerate the transition into a fossil free society, and at the same time contribute to societal development, growth and thousands of new jobs.” says Peter Carlsson.


Electrification and renewable energy storage are the keys to a carbon neutral society. Batteries will enable the transition. The auto industry alone will need batteries in huge numbers to replace fossil fuels with electricity. The ability to store energy is also crucial to free the world’s energy generation and distribution from coal, oil and natural gas. Northvolt accelerates this transition by building Europe’s largest battery factory.

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TVS Motor Company’s revenue grows by 9.6% and Profit After Tax (PAT) by 14.1% in FY 2016-17

 

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TVS Motor Company, today reported its financial results for the year 2016-17. With total sales of 29.27 Lakh units for the period, the Company’s total revenue grew by 9.6% to Rs.13363.43 crores. During the year, the Company strengthened its presence in the motorcycle and scooter segments with new launches and refreshed product portfolio.

Q4 PERFORMANCE (Jan’17 – Mar’17):

Motorcycles sales during fourth quarter of 2016-17 is 2.15 lakh units as against 2.47 lakh units registered in fourth quarter of 2015-16. Scooter sales increased from 1.98 lakh units in the fourth quarter of 2015-16 to 2.23 lakh units registered in the fourth quarter of 2016-17. The Company exported 0.98 lakh units of two-wheelers in the quarter under review as against 0.83 lakh units in the fourth quarter of 2015-16. Three wheelers registered sales of 0.15 lakh units in the quarter under review as against 0.21 lakh units in the fourth quarter of 2015-16.

TVS Motor Company reported a marginal growth with total revenue going up from Rs.3090.77 crores in the fourth quarter of the financial year ended March 2016 to Rs.3139.22 crores in the fourth quarter of the year ended March 2017.

The Company commenced manufacture of BS IV emission compliant products from January 2017. However, the Company based on the order of Honorable Supreme Court that only BS IV compliant product can be sold and registered from 1st April 2017, extended suitable support to the dealers to sell BS III compliant products. The profit for the quarter is net of one time provision of Rs.57 crores of discounts towards such BS III products sold by the dealers in March 2017.

The Company’s Profit Before Tax (PBT) for the quarter under review is Rs.134.02 crores against Rs.156.99 crores for the corresponding quarter in 2015-16. Profit After Tax (PAT) reported for the quarter ended March 2017 is Rs.126.77 crores against Rs.136.03 for the fourth quarter of previous financial year.

FULL YEAR PERFORMANCE (April 2016 to March 2017):

FINANCIAL PERFORMANCE:

Total revenue for the year recorded a growth of 9.6% increased from Rs.12194.77 crores in the year ended March 2016 to Rs.13363.43 crores for the year ended March 2017. Profit Before Tax (PBT) grew by 11.1%, increased from Rs.628.94 crores in the year ended March 2016 to Rs.698.68 crores in the year ended March 2017. Profit After Tax grew by 14.1% increasing from Rs.489.28 crores in the year ended March 2016 to Rs.558.08 crores in the year ended March 2017.

SALES:

During the year ended March 2017, the overall two-wheeler sales of TVS Motor Company, including exports grew by 11.3% increasing from 25.68 lakh units registered in the year 2015-16 to 28.58 lakh units in the year 2016-17. Motorcycle sales during the fiscal year increased from 10.17 lakh units in the year ended March 2016 to 10.77 lakh units in the year ended March 2017. Scooter sales during the period under review increased from 8.13 lakh units in the year ended March 2016 to 8.70 lakh units in the year ended March 2017. Three wheelers registered sales of 0.69 lakh units in the year ended March 2017 as against 1.11 lakh units in the year ended March 16. The total export of the Company recorded during the year under review is 4.25 lakh units as against 4.54 lakh units recorded in March 2016. Exports of the two-wheelers and three-wheelers continue to be impacted by restricted availability of foreign exchange in the key African markets.

INTERIM DIVIDENDS:

The board of directors of the Company has declared two interim dividends of Rs. 1.25 (per share) each at their meeting held on 27th October 2016 and on 6th March 2017 respectively, for the year 2016-17. The total dividend paid for the year ended 31st March 2017 aggregated to Rs. 2.50 per share (250%) on 47,50,87,114 equity shares of Re.1/- each. The board does not recommend any further dividend for the year under consideration.

AWARDS

In recognition of TVS Motor Company’s unwavering commitment to quality, J.D. Power 2017 India Two-Wheeler Initial Quality (2WIQS) Study and Automotive Product Execution and Layout (2WAPEAL) study conferred top honours to TVS Star City Plus and TVS Apache RTR 160 as the best quality product in their respective segments. J.D. Power 2017 study also ranked TVS Sport as the No 1 in Automotive Product Execution and Layout (APEAL) study, in the entry segment.

During the year, TVS Apache RTR 200 4V, won the prestigious Indian Motorcycle of the Year 2017 (IMOTY) award along with 14 other awards including 8 Motorcycle of the Year Awards from leading publication houses.

OUTLOOK – FUTURE PLANS AND PRODUCT LAUNCHES

In FY 2017-18 the Company will introduce a new motorcycle and a new scooter. In addition to these new launches, the Company has also planned upgrades across segments to strengthen its product portfolio. With the widest range of product across segments, TVS Motor Company expects to better its performance in the ongoing fiscal year and grow ahead of the industry.

About TVS Motor Company

TVS Motor Company is a leading two and three-wheeler manufacturer, and is the flagship company of the USD 7 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100-year legacy of Trust, Value, Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We endeavour to deliver the most superior customer experience at all our touch points across 60 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the JD Power IQS and APEAL surveys for the past three years. We have recently been ranked No.1 Company in the JD Power Customer Service Satisfaction Survey. For more information, please visit http://www.tvsmotor.com.

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Hero MotoCorp awarded Indian MNC of the year by All India Management Association

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Mr. Pawan Munjal, Chairman, MD & CEO, Hero MotoCorp Ltd,was today felicitated by the All India Management Association (AIMA) for the rapid global expansion of Brand Hero.

Hero MotoCorp, the world’s largest two-wheeler manufacturer, was adjudged the ‘Indian MNC of the year’ by AIMA at a glittering function in the national capital today.

Receiving the award, Mr. Munjal said “Brand Hero has expanded to 35 countries spread across Asia, Africa and Central and South America in a very short span of time since charting its solo journey in 2011.  We added Argentina, the second largest two-wheeler market in Latin America, to our international footprint in January this year, where we also unveiled the new Glamour motorcycle in our first global product launch.”

Hero MotoCorp, which sold more than 6.6 million two-wheelers in FY’17, is the only Indian two-wheeler company to have a manufacturing facility in Latin America. Hero’s manufacturing plant is situated at Vila Ricca in Colombia

Hero is also set to open its second global manufacturing facility in Bangladesh later this year.

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Volvo Cars’ first quarter 2017 operating profit rises 11 per cent to SEK3.5 billion

 

Volvo Cars, the premium car maker, reported an operating profit of SEK3.5 billion for the first three months of the year, up 11 per cent from SEK3.1 billion during the same period last year. The increase was mainly driven by strong demand for the company’s XC60 and 90 series cars.

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Volvo Cars reported an operating profit margin of 7.3 per cent, down from 7.5 per cent last year. Profitability was partly offset by costs related to the launch of the new 90 series cars and the new XC60, as well as continuous investments in new technologies and a rising number of employees. Since the first quarter of 2016, Volvo Cars has welcomed almost 5,000 new employees, bringing the total global work force to 33,000.

Global retail sales increased by 7.1 per cent to 129,148 cars in the January to March period, resulting in a first quarter revenue of SEK47.6 billion, up 13 per cent from SEK42.0 billion last year.

“In the first three months we have seen strong demand for our 90 series cars as they reached markets worldwide,” said Håkan Samuelsson, president and chief executive. “We also unveiled the new XC60 in the first quarter and we expect this car to have a positive impact on sales and profitability.”

In March, Volvo Cars unveiled the new XC60 model at the Geneva motor show, which was received to great acclaim. Later this year, Volvo Cars will launch the XC40, based on the new CMA small vehicle platform, positioning the company for further growth in the fast growing SUV segment.

Key figures

Q1 2017

Q1 2016

Net revenue, MSEK

47,592

42,027

Operating income, EBIT, MSEK

3,491

3,145

EBIT margin, %

7.3

7.5

Net income, MSEK

2,606

2,069

Cash flow from operating and investing activities, MSEK

-2,304

-323

 The Asia Pacific region reported sales growth of 16 per cent in the first quarter to 32,872 cars, boosted by a strong performance in China, Volvo Cars’ largest market. There, sales rose by 18.8 per cent to 23,335 cars, following strong demand for the locally-produced XC60 and S60L models as well as the XC90 and S90.

Sales in the EMEA region increased by 9.2 per cent to 78,820 cars sold, on the back of a strong performance in Sweden, the United Kingdom and Germany. The region continued to see strong demand for the new V90 and XC90 as well as Europe’s most popular premium mid-size SUV, the XC60.

The Americas region reported sales of 16,641 cars, of which 13,476 in the United States. The XC90 remained the best-selling model in the Americas.


Volvo Car Group in 2016

For the 2016 financial year, Volvo Car Group recorded an operating profit of 11,014 MSEK (6,620 MSEK in 2015). Revenue over the period amounted to 180,672 MSEK (164,043 MSEK). For the full year 2016, global sales reached a record 534,332 cars, an increase of 6.2 per cent versus 2015. The record sales and operating profit cleared the way for Volvo Car Group to continue investing in its global transformation plan.

About Volvo Car Group

Volvo has been in operation since 1927. Today, Volvo Cars is one of the most well-known and respected car brands in the world with sales of 534,332 cars in 2016 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding (Geely Holding) of China since 2010. It formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company of the US. In 2010, Volvo Cars was acquired by Geely Holding.

As of December 2016, Volvo Cars had over 31,000 employees worldwide. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for China is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).

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BharatBenz expands product portfolio with launch of all-new 16-tonne intercity coach

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  • Crafted for comfortable, safe inter-city travel.
  • Operators to benefit from low total-cost-of-ownership, reliable performance, proven BS-IV technology.
  • Mr. Markus Villinger, Managing Director Daimler Buses India: “We designed the all-new BharatBenz intercity coach to take inter-city travel to the next level: a safer and more comfortable experience for passengers and drivers, and more value for operators at the same time. Building on our acceptance in the market and this strong product with proven BS-IV technology, we are very confident to capture opportunities in this growing segment.”

Chennai – Daimler India Commercial Vehicles (DICV), the wholly-owned subsidiary of Daimler AG, continues its product offensive to further expand the product portfolio of its BharatBenz brand. As per plan and as announced in 2015 with the start of the company’s bus business, the all-new BharatBenz intercity coach completes the brand’s bus line-up. Targeted at the growing segment of inter-city travel, the 16-tonne, 238 hp (175 kW) front-engine coach complements BharatBenz’ successful portfolio of school, staff and tourist buses in the 9-tonne category, which have been available since the end of 2015.

Speaking at the launch event, Mr. Markus Villinger, Managing Director Daimler Buses India said: “We designed the all-new BharatBenz intercity coach to take inter-city travel to the next level: a safer and more comfortable experience for passengers and drivers, and more value for operators at the same time. Building on our acceptance in the market and this strong product with proven BS-IV technology, we are very confident to capture opportunities in this growing segment.”

Crafted for passenger comfort

With its optimized wheelbase, the 12-meter BharatBenz intercity coach ensures best-in-class cabin space distribution for easy seating, offering 790 mm of legroom for passengers. Refined interiors and wider windows provide for a relaxed journey with panoramic views. The front and rear air suspensions are calibrated with chassis performance to minimize impacts of road undulations. Overall, the vehicle also offers low levels of noise, vibration and harshness thanks to its unique open saloon design which enhances acoustic insulation despite a front mounted engine. A powerful air conditioner with engine driven compressor assures not only a pleasant cabin environment for passengers but also a less fatiguing workplace for drivers, helping them to stay alert.

Built for safer travel

The BharatBenz intercity coach adopts a holistic approach towards safety and is fitted with a comprehensive range of seamlessly integrated active and passive safety features. The robust aluminique body meets the stringent safety standards for roll over as per the AIS-031 CMUR Bus Body Code. Fabricated without any welded parts, the lightweight structure not only gives extra strength to the vehicle but also lowers its centre of gravity. This provides extra stability to the vehicle and drastically reduces chances of toppling. The wider brake lining (410 x 220 for all four tyres) guarantees effective braking leading to a better braking distance. With regard to interiors, the vinyl flooring comes with an anti-skid top layer and fire retardant materials which are carefully designed to ensure a safe walkway for passengers in case of emergency situations.

Designed to meet operators’ requirements

With a focus on higher profitability for bus operators, the BharatBenz intercity coach is designed for lower cost of ownership. The vehicle body’s unique aluminique structure considerably lowers its gross vehicle weight, while the aerodynamic body design and tubeless tyres reduce drag and rolling resistance, altogether improving fuel efficiency. The coach also offers unmatched oil change and gearbox oil change intervals of 100,000 km. The extended warranty that BharatBenz offers for all its vehicles nationwide is also available. As a unique BharatBenz feature, annual maintenance packages are offered that cover both the body and chassis, ensuring optimum maintenance.

Proven BS-IV technology with SCR

BharatBenz BS-IV vehicles meet the upgraded norms using a system based on SCR technology proven in hundreds of thousands of Daimler commercial vehicles in many markets for over a decade. Besides the further improved fuel economy and lower maintenance costs, SCR technology allows BharatBenz BS-IV vehicles to operate unhampered with BS-III fuel, if required. The SCR technology uses an aqueous urea-based fluid called AdBlue, which is sprayed into the exhaust stream to break down dangerous nitrogen oxides emissions into harmless nitrogen and water. AdBlue consumption is only a fraction of fuel consumption, so refill intervals are fewer. AdBlue is available nationwide at all BharatBenz dealerships and other outlets.

About Daimler Buses India

Responsible for DICV’s bus business, Daimler Buses India is catering to the domestic market with a twofold strategy: BharatBenz front-engine buses and coaches meet the needs of the volume segment, while the premium segment is addressed with Mercedes-Benz rear-engine coaches. All vehicles are produced at DICV’s state-of-the-art plant in Oragadam near Chennai. Customer services for both brands are provided through the pan-Indian BharatBenz dealer network, offering tailor-made service packages, 24×7 after-sales support, and advanced interactive vehicle diagnosis. Custom-tailored financing solutions are provided by Daimler Financial Services India and through DICV’s partnership with over 25 banks and NBFC (Non-banking Financing Companies).

Daimler’s FUSO showcases all-electric eCanter at NTEA Work Truck Show in USA

  • FUSO showcased its all-electric light-duty truck eCanter at the National Truck Equipment Association (NTEA) Work Truck Show 2017, in Indianapolis, Indiana, USA
  • The truck on display is an outlook on the small series to be launched and delivered to customers later this year in the US, Europe and Japan
  • FUSO will be the first OEM to launch a series model of all-electric light-duty trucks, making it the front-runner in electric trucks
  • Through customer trials in real-life conditions, the zero emission FUSO eCanter has proved to be technically reliable and economically viable with enough mileage and payload for daily use
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eCanter at NTEA Work Truck Show

Kawasaki, Japan – Mitsubishi Fuso Truck and Bus Corporation (MFTBC) showcased its all-electric, battery-powered light-duty truck eCanter at the National Truck Equipment Association (NTEA) Work Truck Show in Indianapolis, Indiana, USA.
The eCanter is the answer to increasing noise and emission pollution in today’s urban environments, making inner-city delivery clean and silent. It can travel a range of more than 100km, exceeding the average distance that many short-radius distribution trucks usually travel per day – for example, in Japan, on an average, 80% of light-duty inner-city delivery trucks travel about 50km per day.

Through customer trials in real-life conditions, the zero emission FUSO eCanter proved to be technically reliable and economical, able to cover enough mileage and payload for daily use.

Jecka Glasman, President and CEO, Mitsubishi Fuso Truck of America, Inc. said at the event; “We believe the eCanter will help us chart the future of light-duty trucking in urban environments. It delivers up to a 100 mile range, with zero emissions and zero noise pollution—what we call positive energy. We have had preliminary conversations with several customers and their interest and enthusiasm for the product are very encouraging.”

The displayed vehicle is an outlook on the small series of eCanter that was first shown at the 2016 International Automobil-Ausstellung (IAA) – the biggest international commercial vehicle show in Hanover, Germany, where it attracted worldwide attention.

The small series of eCanter will be launched and delivered to customers from late 2017 in the US, Japan and Europe. This makes FUSO the first OEM to launch a series model of all-electric light-duty trucks that comes with full warranty and service through its extensive dealer network.

Being a frontrunner in the fully-electric truck segment, MFTBC has so far invested 40mn euros in the development of electric driving including research and development. The zero emission model will be manufactured at FUSO’s state-of-the art production plants in Tramagal, Portugal and Kawasaki, Japan.

FUSO at a Glance

FUSO is one of the brands of Daimler Trucks, present in nearly all regions around the world including; Asia, Africa, Latin America, Europe and the Middle East. FUSO’s light-duty to heavy-duty trucks (GVW 3.5–49 tons), vans, industrial engines, and buses are sold in more than 160 markets. The Fuso brand is based on four core brand values; Trusted Quality, Economic Efficiency, Solid & Functional Design, and Committed Services.

MFTBC at a Glance

Based in Kawasaki, Japan, Mitsubishi Fuso Truck and Bus Corporation (MFTBC) is one of Asia’s leading commercial vehicle manufacturers. In 2015, the company sold a total of about 154,200 vehicles including light-, medium- and heavy-duty trucks and buses under the Fuso brand. 89.29% of its shares are owned by Daimler AG and10.71% by various Mitsubishi group companies. MFTBC is an integral part of the Daimler Trucks division of Daimler AG.

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