According to news reports, light commercial vehicle (LCV) manufacturer, Eicher Motors, has posted 24.6% rise in LCV sales volumes in 1HFY00.
Eicher Motors is the third largest LCV manufacturer in the country with 11% market share in July 1999. The company is also engaged in the manufacture of tractors and has cornered 7% market share.
At 2,871 units, Eicher's LCV sales over the period April-September 1999 were up 24.6%, compared to April-September 1998. In September 1999, the company sold 727 vehicles, a 52.4% over the corresponding month last year.
The company's performance is significant in the backdrop of a slowdown in the LCV segment. The LCV segment posted a sales decline of 0.8% over the period April-August 1999. Eicher's impressive LCV sales in 1HFY00 could be attributed to a low base in the previous year.
Currently the company is focusing on the export market and plans to set up a manufacturing facility in Africa.
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