The auto retail body has said that the vehicle stockpile has climbed to 70-75 days now as against the ideal inventory of 30-35 days.
The Indian automotive industry is currently at a very exciting juncture, Aggarwal stated after taking over as SIAM President.
"BS-III inventory is not very high, it is around sub-2,000 or 1,700-1,800. We should be able to export quite a bit out of it maybe more than 50 percent of it and balance we should be able to convert to BS-IV", Vinod Aggarwal, MD & CEO - VECV-Eicher Motors told CNBC-TV18.
The inventory will be at normal levels of three weeks to four weeks post April and won't be impacted because of BS-IV norms, said Vinod Aggarwal of Eicher Motors.
Vinod Aggarwal, CEO-VE Commercial Vehicles, Eicher Motors says limits on withdrawal is impacting the transportation sector severely and the sector will continue to face hardship unless that is eased.
Vinod Aggarwal, CEO, Volvo Eicher sees good demand for commercial vehicles in the month of October on back of good monsoons aiding rural demand, lower interest rates, and more money in hands of consumers due to seventh pay commission.
Speaking to CNBC-TV18 Vinod Aggarwal of Eicher Motors said tippers are doing brisk business for the company. He added that as domestic consumption increases, thanks to the Seventh Pay Commission hikes, it will help the commercial vehicle (CV) sector.
Sale of heavy-duty trucks in India is expected to cross 2.80 lakh units this year, thanks to the government's focus on infrastructure and core sectors, a top industry executive said on June 7
Company's overall capacity (bus and trucks) is 5000 per month and it aims to take it to 7000 per month by the year end, says Vinod Aggarwal of Eicher Motors to CNBC-TV18.
The growth in the CV segment came in from road construction sector and going forward see a huge growth potential for the heavy duty trucks, said Vinod Aggarwal, CEO -VE Commercial Vehicles, Eicher Motors.
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.
Earlier this week, Volvo said it would sell half its 8.4 percent stake in Eicher Motors.
Following a sharp slowdown over the past two years, thanks to weak economic environment, sales of commercial vehicles have firmly bottomed out and are in revival mode, according to Vinod Aggarwal, chief executive officer of VE Commercial Vehicles. VE is Eicher's joint venture with Volvo.
Vinod Aggarwal of Eicher Motors is hopeful of seeing a recovery in the light duty truck after six months.