VE Commercial Vehicles Limited (Volvo Group and Eicher Motors Joint Venture) has received an order of 1019 units of Eicher 20.15 BS III Bus Chassis from Gujarat State Road Transport Corporation (GSRTC). Eicher buses are already in use by GSRTC and are meeting the Intercity and rural connectivity requirements of the state of Gujarat.
Eicher today has transformed itself into a complete CV manufacturer with a wide product range from 5t to 40t GVW trucks and 15 to 65 seater buses. In the truck segment, the company has gained market share with its Ã¢â‚¬Å“VEÃ¢â‚¬Â series of Fuel Efficient heavy duty trucks and trucks in the 5 to 14 T segment. Eicher has a strong presence in the L/MD segment with around 38% share in 7-12T category and 30% share in 5-12T trucks segment. Eicher L/MD trucks have a proven superior performance especially with respect to fuel-efficiency. Eicher is also the first CV maker to have launched a fuel-efficient 14.5 T GVW truck. The product range of Eicher branded buses includes company built buses under the Brand name Skyline & Starline and also Bus Chassis for customers to build buses as per their need. Eicher Buses have a dominant market share amongst Educational Institutions.
Speaking on the occasion, Mr. Vinod Aggarwal, CEO VE Commercial Vehicles Limited said, Ã¢â‚¬Å“The vision of our JV is to drive modernization in the CV space in the emerging markets and this order is just the right step in that directionÃ¢â‚¬Â. Ã¢â‚¬Å“Eicher branded buses are gradually increasing its presence in India as it seeks a larger footprint in the fast-growing emerging market and emerge as a full range bus player. The market share for Eicher branded buses increased from 7 to 10% in 2011Ã¢â‚¬Â, he added.