Eicher Trucks and buses register 34 percent growth in July 2011

With the sales figures 34 percent higher than the sales of Eicher units in July 2010, the commercial vehicle manufacturer has recorded a growth of 38 percent in the Indian commecial vehicle market, 20.4 percent in the light and medium section and while a huge 67.6 percent growth over the numbers in July 2010. The ‘VE Series’ of fuel effficent heavy vehicles have recorded a whopping 105 percent over last year sales.

 However, the figures have dropped marginally in the export market with a sale of 217 units compared to 247 units last year. On announcing the results, Mr Siddhartha Lal, Managing Director & CEO, Eicher Motors Limited said, “Eicher has continued to accelerate the pace in both volume and financial outcome resulting in a significant Profit After Tax of 8.9%. We are working hard to build strong foundations across all operational parameters. We are constantly striving to create a differentiated pipeline of new products which will fuel growth in the years to come.”