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MOTORINDIA
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April 2012
Eicher
trucks and buses sales up 13%
Eicher branded trucks and buses recorded sales of
4,436 units in February 2012, registering a 13 per cent
growth over the same month last year. The YTD 2012
sales stood at 8,144 units (7,440 units).
The bus segment registered a 57 per cent growth. The
February sales stood at 598 units (380 units). The YTD
2012 sales totalled 963 units as compared to YTD 2011
sales of 580 units, representing a 66 per cent growth.
In the heavy duty segment, Eicher branded trucks re-
corded sales of 594 units in the domestic market. YTD
Eicher HD sales were 1,173 units (1,155 units), register-
ing a two per cent growth.
On the export front, Eicher branded trucks and buses
recorded sales of 250 units (253 units).
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vehicle zone
AMW acquires 100% stake
in FamilyCredit
AMW has announced the acquisition of a 100 per cent stake in
FamilyCredit Ltd. from Société Générale Consumer Finance.
Based in Kolkata, FamilyCredit is a leading consumer finance
company engaged in financing of two-wheelers and automobiles
as well as distribution of insurance products to its client base.
It has a clientele of over four lakh customers and is a preferred
financier for leading two-wheeler and automobile manufacturers
across the country.
According to Mr. Anirudh Bhuwalka, Managing Director, Asia
MotorWorks, “the acquisition of FamilyCredit provides us a pan-
India asset finance franchise; we are committed to build upon the
FamilyCredit platform to expand into commercial vehicle financ-
ing.”
Commenting on the deal, Mr. Sandeep Soni, former Manag-
ing Director at Citigroup who led the transaction for AMW, said:
“The acquisition offers on opportunity for the group to enter the
fast growing commercial vehicle financing business and other re-
lated asset classes by expanding the business franchise of Fami-
lyCredit.”
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Mr. Anirudh Bhuwalka,
Managing Director, Asia MotorWorks