VE Commercial Vehicles sells 3930 units in April 2015

VE Commercial vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) has sold 3930 units in April 2015 (YTD 14950) as compared to 3503 units in April 2014(LYTD 13484) recording a growth of 12.2%.(YTD Growth of 10.9%) This includes 3838 units of Eicher Brand and 92 units of Volvo Brand.
The following are the key highlights for Apr 2015:
·  Eicher branded trucks and buses have recorded total sales of 3838 units in Apr 2015(YTD 14601) as compared to 3434 units in Apr 2014(LYTD 13248), representing a growth of 11.8%.(YTD Growth if 10.2%)
·  In the domestic CV market ( 5T and Above), Eicher Trucks and Buses have recorded sales of 3501 units in Apr 2015 (YTD 13264) as compared to 2791 units(LYTD 11483) in Apr 2014, representing a growth of 25.6% (YTD Growth of 15.5%)
·  On the Exports front Eicher Trucks and Buses have recorded sales of 335 units in Apr 2015(YTD 1335) as compared to 643 units in Apr 2014(LYTD 1765).
·  Volvo trucks have recorded sales of 92 units in Apr 2015(YTD 349) as compared to 69 units (LYTD 236) in Apr 2014, a growth of 33.3% (YTD Growth of 47.9%)

JCB delivers ten backhoe loaders to earthquake hit Nepal

JCB today moved to support the relief effort in earthquake-hit Nepal with the donation of diggers and electrical power generators worth around $1 million.

Ten backhoe loaders were made available immediately to the Nepalese Army and are now at work in the areas worst hit by the disaster which has left more than 5,000 people dead and 10,000 injured.

JCB Chairman Lord Bamford said: “It is shocking to see the devastation caused by this earthquake and the resulting widespread damage and destruction. On behalf of JCB, I express my heartfelt condolences to everyone affected by this natural disaster. JCB will continue to help the Nepalese Government in very possible way.”

JCB supplied the backhoes through its dealer, MAW Enterprises Pvt Ltd, in Nepal. The electrical power generators are also en route from JCB India’s factory in Delhi to help stricken communities caught up in the quake.
The JCB backhoe loaders have been deployed to help ground relief efforts in the aftermath of the earthquake which measured 7.8 on the Richter Scale. In the coming weeks and months, the donated machines will be used in reconstruction efforts.

JCB has a long history of helping countries affected by major natural disasters, providing $500,000 worth of machines and generators to the Philippines when Typhoon Haiyan struck in 2013. Machines were also donated when earthquakes struck in Haiti in 2010 and in China in 2008 and to southern India, Sri Lanka and Indonesia in 2004 following the Boxing Day Tsunami. 6e1cfd46-c7f1-4aad-8932-80d2938a6047_TempSmall

Isuzu Motors India signs a MoU with Government of Andhra Pradesh

Isuzu Motors India Private Limited, a subsidiary of Isuzu Motors, Japan, one of the world’s largest commercial vehicle manufacturers, setting up its manufacturing plant at Sri City in Andhra Pradesh, today, signed a Memorandum of Understanding with the Government of Andhra Pradesh to facilitate investment by its suppliers in the state of Andhra Pradesh under the Automobile and Auto Component policy 2015 – 20. Mr.Takashi Kikuchi, Managing Director, Isuzu Motors India signed a MoU with the state government in the presence of Shri. N. Chandrababu Naidu, Hon’ble Chief Minister of Andhra Pradesh, key dignitaries of the state and key officials from various auto component companies.
At the launch of Industrial Mission programme at Vishakapatnam, today, 7 auto component companies nominated by Isuzu Motors India, have signed a MoU with the state government. As per the policy, the auto component companies will receive various incentives and concessions from the state government for promoting automotive manufacturing in Andhra Pradesh. These auto component companies will explore possibilities of appropriate investments in the state in order to cater to the future requirements of the OEMs who will set up their manufacturing facilities in the region.
Speaking at the occasion, Mr. Takashi Kikuchi, Managing Director, Isuzu Motors India, said, “We are extremely pleased with the developments and we believe the policy for Automobile and Auto Components 2015-20 will immensely benefit the automobile sector, going forward. While Automobile and Auto Component manufacturers will benefit from the advantages laid out by the policy, it will also attract substantive and qualitative investment into the state. The policy is a win-win situation for investors and the state”
Isuzu is also in the process of tying-up with various component manufacturers across India towards its goal of achieving 100 per cent localisation for its products to be manufactured from its upcoming plant in Sri City.
Isuzu began construction of its proposed manufacturing plant site in Sri City, Chitoor District, Andhra Pradesh, in June 2014. The company had acquired 107 Acres of land in 2013 after signing a MoU with the Andhra Pradesh State Government in order to start automobile manufacturing operation in India. This new facility is likely to commence commercial operations by early 2016, with the initial production capacity at 50,000 units/ year. Isuzu will scale up the production capacity to 120,000 units/ year, with the accumulated investment of Rs. 3,000 Crore, and is expected to generate 2000 – 3000 jobs.

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