The company plans to increase its capacity in the Pithampur facility from 5500 to 7500 units per month going forward, said Vinod Aggarwal, CEO-VE Commercial Vehicles, Eicher Motors.
Vinod Aggarwal of Eicher Motors is hopeful of seeing a recovery in the light duty truck after six months.
Siddharth Lal, CEO, Eicher Motors Ltd says the hike in excise duty to 12% announced in Budget 2012, along with inflationary pressures and cost of raw materials is likely to lead to a subdued quarter for commercial vehicles.
Vinod Aggarwal, chief executive officer of VE Commercial Vehicles joins CNBC-TV18 to interpret the effect of rate hike on his company and the auto sector.