Hungarian automotive industry: week 20 2021
Fotó: Rába Csoport
Rába's vehicle division reports on plummeting revenues, Axiál launch project to implement automated logistics technologies, Bosch invest in adult training. Let’s recap what last week brought in Hungary’s automotive sector. Clicking on the highlighted items will open the full stories.
Rába Járműipari Holding Nyrt.’s post-tax earnings nearly doubled in Q1 2021 compared to the same period of the previous year. The company’s axle and components divisions also performed well, while despite showing improvement, the vehicle business remained loss-making with a sharp decline in revenues.
Robert Bosch Energy and Body Systems Kft. have carried out investments in their Miskolc-based adult education programme using European Union support funds. In the last two years, the company has completed 14 training programmes within the support scheme.
Hungarian-owned Axiál Kft. have announced to carry out a warehouse development project with a HUF 2 billion investment, installing automated warehousing equipment.
Rising commercial vehicle sales contributed to Knorr-Bremse’s improving results in the first quarter of the year. Revenues and order volumes both increased year on year.
The fleet renewal programme of Hungarian bus transport company Volánbusz has reached a major milestone. The company has received the first ten of 204 MAN Lion’s City GL A23 articulated vehicles.
Increasing demand on caravans, campers and recreational vehicles during the pandemic has now led to a year-long waiting time for new customers.
Electric cars are gaining popularity in Hungary, shown by a 100 percent increase in search queries on Használtautó.hu in the first four months of 2021 when compared to the same period in the previous year.
DataHouse reported on a double-digit decline in used car sales in Hungary in April, quoting no particular reason for the drop.
In April, new car registrations grew by 200 percent in the European Union compared to the previous year, when car sales plummeted due to pandemic restrictions. In Italy, a 3,000 percent increase was recorded.
