Volvo Eicher Trucks

Auto industry has 'mostly overcome' semiconductor issue, says leader of Volvo Eicher Commercial Vehicles

Aims to disrupt intercity segment with fully-built luxury coaches

Margin pressures may continue on competitive pressures, input cost inflation

In addition to volume growth, margin gains hinge on raw material/freight cost movement

The high acquisition cost may still be a dampener for the financially beleaguered STUs

Balance-sheet squeeze makes purchase of trucks impractical, they say

Eicher's commercial vehicle (CV) sales dropped by 81 per cent to 1,409 units during the month from 7,329 units, a year ago

Automakers in India import about 10% of their raw materials from China

The company, which is a Volvo Group and Eicher Motors joint venture, said Eicher branded trucks and buses recorded a total sales 4,910 units last month as compared to 6,113 units in December 2018

The Volvo-Eicher Motors JV plans to invest Rs 650-700 cr on BS VI rollout, apart from a greenfield venture in Bhopal

'The Madhya Pradesh government has allotted land for the new plant and work to set up this plant is expected to start soon'