VE Commercial Vehicles mulls expanding overseas presence

Tags: News
Buoyed by around 200 per cent growth in its exports this year, automobile manufacturer VE Commercial Vehicles is eyeing strengthening of its overseas presence in Africa and Middle Eastern region, a top company official said here today.

VE Commercial Vehicles is a joint venture between Volvo Group of Sweden and Eicher Motors.

VE Commercial Vehicle Senior Vice-President (Sales and Marketing) Shyam Maller said the company would utilise Volvo Group's distribution networks for the expansion.

"First five months (of the calendar year) have been extremely good (for us). Exports improved almost 200 per cent. We have shipped 2,400 units compared to last year's 800 units," he told reporters here after launching the company's new trucks.

The key steps taken to expand the footprint in the overseas market include setting up of a company in Sri Lanka, he said.

"We have set up a market company in Sri Lanka. That will be country specific. If required we will set up another market company, say in another country. We are doing extremely well in Bangladesh. We are also present in Nepal, some parts of Africa and the Middle East".

He said the company would look at expanding in Asia and Middle East countries by leveraging the distribution networks of the Volvo Group.

Maller and senior company officials were here to launch the company's new trucks under the Pro Series. The new generation of light and medium duty trucks under the Pro Series -- Pro 1000, Pro 3000, Pro 6000 and Pro 8000 series of Trucks and Buses.

"With the Pro Series, we are planning to launch a brand new philosophy. The entire platform will be replaced by Pro Series," Maller said.

While the company has already launched Pro 1000 Series replacing the existing range in the 5-14 tonne category, the Pro 3000 series is a completely new platform in which vehicles will be launched in 10tonne to 15 tonne categories, he said.

He said the company would introduce Pro 6000 series (16 tonne to 40 tonne range) and Pro 8000 (25 tonne to 49 tonne) range of models in a month and half. "This is a complete product renewal of trucks and buses," he said.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • E-auction and eventual privatisation of coal industry are welcome steps

    The government’s decision to privatise the scam-ridden coal industry through a presidential ordinance will eventually end the monopoly of public sec

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Rajgopal Nidamboor

Synchronous balance is vital for one and all

Imagine that you are playing an electronic game, or actually ...

Shona Adhikari

When women to birds become a painter’s muses

This week the focus is on renowned artist Amitabha Banerjee, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture