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.

EDITORIAL OF THE DAY

  • Census shows urgent steps are needed to dispel rural despair

    The much delayed Socio-Economic and Caste Census, 2011, has finally seen the light of day, and going by its conclusions, it couldn’t have come a day

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

Economic integration in east Asia

As trade agreements within a global framework have become increasingly ...

Rajgopal Nidamboor

Up the ante of your conscious existence

It sounds cryptic, but is not as complex as it ...

Gautam Gupta

The ‘fake’ issue needs to be taken seriously

E-commerce players are witnessing unbelievable growth globally. Competition is increasing ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture