Moneycontrol
Get App
Last Updated : Oct 06, 2017 02:49 PM IST | Source: CNBC-TV18

CV cycle turning around, seeing good traction in construction segment: Eicher

In an interview to CNBC-TV18, Vinod Aggarwal, MD & CEO-VE Commercial Vehicles, Eicher Motors spoke about the numbers and his outlook going ahead.

September saw a positive surprise in growth of commercial vehicles (CVs) for the entire industry including Eicher Motors.

In an interview to CNBC-TV18, Vinod Aggarwal, MD & CEO-VE Commercial Vehicles, Eicher Motors spoke about the numbers and his outlook going ahead.

Commercial vehicle cycle is turning around, said Aggarwal.

Close

"Going forward we are positive because we are seeing good traction in construction segment," he added.

On goods and services tax (GST) front, he said it is changing the equations and there is a lot of optimisation in logistics as well as warehousing.

Aggarwal also said that huge movement is seen in multi axle trucks.

He mentioned that there is no clarity on taxes applicable to sale of second hand trucks.

Talking about business, he said in buses segment the market share has grown from 17 percent to 18 percent plus, a marginal drop from 33.5 percent to 31.5 percent in light and medium duty trucks and continuing to be close to 5 percent in heavy duty trucks.

Watch accompanying video for more details.

Subscribe to Moneycontrol Pro and gain access to curated markets data, exclusive trading recommendations, independent equity analysis, actionable investment ideas, nuanced takes on macro, corporate and policy actions, practical insights from market gurus and much more.
First Published on Oct 6, 2017 02:49 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant