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CVME opens amid upturn in commercial vehicles sales
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15 March 2011 |
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Commercial Vehicles Middle East, (CVME) an exhibition lining up leading global automobile manufactures and decision makers from the Middle East logistics and road transport business, opened at the Dubai International Convention and Exhibition Centre on Monday amid positive signals about an upturn in the region's commercial vehicle sector despite the impact of the economic downturn.
Sales of commercial vehicles in the region jumped 37.97 per cent to 253,790 for the first half of 2010, as compared to the same period in 2009. In the UAE, the commercial vehicles sector that includes trucks, buses, vans, pick-ups and utility vehicles recorded a 54 per cent sales leap in the first half of 2010 to 53,683 units.
Oman experienced a 41 per cent jump in sales to 28,079 units in the first half. Sales in Bahrain grew 38 per cent, Saudi Arabia 29 per cent and Qatar 24 per cent. Overall in 2010, commercial vehicles sales in Saudi Arabia grew by five per cent from 116,398 units in 2009 to 122,275 last year.
An increase of almost seven per cent to 130,616 units is forecast for this year, and this figure is forecast to rise by 31 per cent to 171,274 by 2014. In Kuwait, commercial vehicle sales last year amounted to 32,494 units with a value of $1.71 billion, compared with 32,029 units worth $1.67 billion in 2009. Projections are for growth to 33,046 units this year, and to 36,889 by 2015.
These figures reflect a fresh mood of optimism in the industry, said an analyst. Running alongside the three-day exhibition is the Commercial Vehicles Conference, creating a dual platform with a double focus on cost saving as well as the future of environmentally friendly transport, organisers said of the event said. The event features a panel of industry experts from leading transport organisations. Culminating on the final day with two workshops, the conference will spotlight modernisation, optimisation, and future plans for the effective fleet management of heavy and light commercial vehicles.
Among the exhibitors are South Korea-based Hyundai Motor Company, Liberty Automobiles, the General Motors dealer in the UAE, Tata Motors of India and Renault Trucks.
Hyundai is showcasing its commercial range, while Liberty used the event to announce the launch of Otokar buses from Turkey. This is certainly encouraging news for companies like Liberty Automobiles, the General Motors dealer in the UAE and one of the sponsors of the event, which is organised by Streamline Marketing Group.
Rubbing shoulders on the exhibition floor with global names like Tata and Renault Trucks, the company is making full use of Commercial Vehicles Middle East to influence a major gathering of industry buyers, including government agencies such as Dubai's Roads and Transport Authority and the Department of Transport in Abu Dhabi.
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Source: beta.thehindu.com |
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