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 Posted: 30/05/2012 04:45 Post subject: AMW plans new trucks for full-range CV space |
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AMW plans new trucks for full-range CV space
Company plans to enter the 37 tonne category later this yearAS ITS truck sales gradually gather momentum, Asia Motor Works (AMW), among the fast-growing truck firms in the country, is gearing up to roll out new trucks during the current financial year as part of its strategy to become a full-range commercial vehicle player in the country.
Despite the moderate growth projections for the current financial year in the medium and heavy truck segments, AMW hopes to achieve a decent growth during the year.
“The company has lined up full range of vehicles for the haulage market in the 16, 25 and 31 tonne categories with planned entry into the 37 tonne category for later in the year. Our range expansion is aimed at increasing addressability of AMW products to cover the full range of commercial vehicles during the year,” A Ramasubramanian, president, AMW told Financial Chronicle.
In the previous financial year, the company did about a dozen new model launches, including tippers and haulage range of trucks, to boost its presence in the segment and also the sales volumes. It also claimed to have reached the No 2 position in the 25 tonne and above tipper segment with a 25 per cent market share in 2011-12. Overall, in the medium and heavy commercial vehicle (M & HCV) market, the [url=http://www.weichaigroup.com/status/article/35705/4.html]weichai power[/url] company increased the market share to 3.5 per cent in FY12 from 2.5 per cent in the previous year, amid increased competition in the market.
“Our key focus in 2012-13 would be to secure our market position in the off highway market with balancing products, actions and strategies to counter the impact of the macro environment as well as competition and we would be progressively entering the entire range of CVs, especially the haulage segment,” he added.
While AMW aims to maintain strong growth, M&HCV sales growth is projected to moderate in the level of 5-8 per cent. “Tippers will continue to grow faster, followed by ICVs (intermediate commercial vehicles). CV sales, however, are expected to be strong over the long term, as [url=http://www.weichaigroup.com/product/cate_1409.html]heavy duty truck axles[/url] freight movement and GDP growth improve,” said a Crisil report.
Admitting that the industry growth would stay moderate-to-low during the current year, Ramasubramanian noted that the margins would continue to be under pressure with cost increases not fully recovered through market prices. Also the increase in excise duty would put additional burden on the customers.
During April this year, M & HCV sales saw a decline of 18 per cent at 16,190 units when compared with 19,724 units in April 2011. AMW too, saw a fall in sales at 602 units in April as against 718 units in the previous year. |
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