A dedicated provision for 1,100 e-trucks registered in Delhi has been made, with an estimated outlay of Rs 100 crore, aimed at addressing the capital’s serious air quality challenges.
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.
VE Commercial Vehicles today reported 14 per cent increase in total sales for September at 4,843 units compared to 4,248 in the same period last year.
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.
Setco Automotive is a tier 1 supplier of clutches to companies like Tata Motors, Bharat Benz, Ashok Leyland, Man India and Volvo-Eicher.
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Siddharth Lal, MD & CEO, Eicher Motors told CNBC-TV18 that The heavy duty vehicle is certainly an enormous focus in our new range and we expect it to take over around10-15 percent market share.