Big opportunities for PACCAR in India, China

Big opportunities for PACCAR in India, China

Report looks at future ops for PACCAR

A new report has been released that looks at the future of the giant truck manufacturing business, PACCAR Inc.

The business is a Fortune 500 company in the U.S. and owns Peterbuilt, Kenworth and DAF trucks.

Locally, PACCAR holds the distribution rights for DAF, and also builds Kenworth trucks for the Australian market.

The report, compiled by Report Linker, says PACCAR is expected to continue to increase sales of its medium and heavy-duty trucks between now and 2025.

Overseas Opportunities

China and India, which the report says are markets PACCAR has a “weak presence” in currently, are expected to drive much of the sales growth.

The high-proportion of owner-operators in those countries is described as being tailor-made for PACCAR due to the company’s long history of servicing those types of customers in North America.

The report says the development of a new value-truck platform would alo be advantageous in the Indian and Chinese markets.

Other issues covered by the report include powertrains, with PACCAR being tipped to maintain its focus on developing diesel engine technology to meet and exceed emissions regulations.

While rising truck sales will not be the only key driver for sustained profitability.

Revenue from services such as telematics-based fleet management systems, parts, finance and leasing services will help improve margins, according to the report.

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About Joel Helmes 3496 Articles
Joel is the founder and CEO of Behind the Wheel. Joel has a background as a radio broadcaster with on-air roles at 4BC, 4KQ, 2KY, 2LT and 2UE amongst others, as well as a news editor and program director.Joel’s relationship with cars stems back to his early childhood learning to change oil and brakes with his father and uncle. This continued on into his driving years owning an assorted collection of cars.

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