Strong sales of buses in the domestic market, coupled with a
focused drive into overseas markets, has propelled Eicher to clock a healthy growth in commercialvehicles despite an extremely challenging market scenario.
Sales of commercial vehicles slowed down considerably in June with the industry recording negative growth. But Eicher trucks and buses recorded 9% growth withsale of 4064 units in sales in June 2012, 9.2% more than June 2011. This takes Eicher's cumulative sales to 26059 units against 23412 in the corresponding period last year.
The growth is primarily driven by buses which have recorded sale of 1114 units in June 2012, a growth of 23.8% over June 2011. Light commercial vehicles recorded 4.8% growth over June 2011. Heavy duty trucks also registered a modestgrowth. Exports have recorded 177.6% growth.
In the domestic bus segment, Eicher buses have recorded a 16.6% growth. The June 2012 sales stand at 1049 units against 900 units in June 2011. The YTD 2012 sales stand at 4826 units as compared to YTD 2011 sales of 3398 units, representing a 42% growth.
On the exports front, Eicher trucks and buses have recorded sales of 297 units in June 2012 as against 107 units in June 2011, representing a growth of 177.6% . The exports pipeline continues to be very healthy.
Sales of commercial vehicles slowed down considerably in June with the industry recording negative growth. But Eicher trucks and buses recorded 9% growth withsale of 4064 units in sales in June 2012, 9.2% more than June 2011. This takes Eicher's cumulative sales to 26059 units against 23412 in the corresponding period last year.
The growth is primarily driven by buses which have recorded sale of 1114 units in June 2012, a growth of 23.8% over June 2011. Light commercial vehicles recorded 4.8% growth over June 2011. Heavy duty trucks also registered a modestgrowth. Exports have recorded 177.6% growth.
In the domestic bus segment, Eicher buses have recorded a 16.6% growth. The June 2012 sales stand at 1049 units against 900 units in June 2011. The YTD 2012 sales stand at 4826 units as compared to YTD 2011 sales of 3398 units, representing a 42% growth.
On the exports front, Eicher trucks and buses have recorded sales of 297 units in June 2012 as against 107 units in June 2011, representing a growth of 177.6% . The exports pipeline continues to be very healthy.
Source: Times Of India
http://timesofindia.indiatimes.com/city/kolkata/Eicher-trucks-and-buses-drive-growth/articleshow/14591042.cms
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