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MOTORINDIA
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September 2012
69
operational efficiencies in both the
businesses – VECV and Royal En-
field – has helped us achieve growth
in sales and profits, despite challeng-
ing market conditions, especially in
commercial vehicles. Our half-year-
ly total income grew by 22.5% and
profits after tax grew by 15.7%.”
VECV’s Eicher Trucks & Buses
Division (ETB) continued its mo-
mentum with robust growth figures,
selling 11,864 units in Q2 2012 as
compared to 10,907 units in the cor-
responding period last year. In the
5-14T segment ETB has improved
its market share to 31.7 per cent in
Q2 2012. In the heavy duty segment,
it improved its Q2 2011 perform-
ance by 35.5 per cent at 1,906 units
sold in Q2 2012, thereby improving
its market share from 2.7 per cent
to 4.8 per cent. In the bus segment,
ETB’s quarterly volumes stood at
2,784 units being sold in Q2 2012,
a growth of 30.8 per cent over the
corresponding period last year. The
market share in the bus segment in
Q2 2012 has gone up to 13.4 per
cent from 12.4 per cent in the same
period last year.
“In Q2 2012, ETB has recorded
the highest-ever quarterly market
share of 4.8% in the heavy duty seg-
ment. Further, in the bus segment
ETB has registered the best-ever
quarterly volume with 2,784 units
being sold. The quality and reliabili-
ty of our products at ETB has helped
us secure a big order of 1,019 buses
from the Gujarat State Road Trans-
port Corporation in June 2012”, he
added.
“At Eicher Motors Ltd., we are
committed to exploring and pursu-
ing opportunities for long-term prof-
vehicle zone
itable growth and value creation for
our stakeholders. As a strategic ini-
tiative in that direction, the company
signed in July an equal representa-
tion (50:50) joint venture agreement
with Polaris Industries Inc. to set up
a greenfield project. The joint ven-
ture company will design, develop,
manufacture and sell a full new
range of personal vehicles suitable
for India and other emerging mar-
kets. Currently, we are present in the
commercial vehicle and motorcycle
categories. The collaboration with
Polaris will allow us to enter into a
new vehicle segment”.
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