Motilal Oswal
    NIFTY 50
Motilal Oswal

15% volume growth in FY19 is possible, says Eicher Motors

Updated : September 14, 2018 12:19 PM IST

Eicher Motors is aiming at 15 percent growth in financial year 2019, said Vinod Aggarwal, managing director and CEO of the company.

Aggarwal said that the company was witnessing record growth in commercial vehicle (CV) space.

“Two specific segments stand out clearly. One is the infrastructure segment where the construction trucks have grown by more than 100 percent. Second is 12-15 tonne segment that has grown by more than 80 percent,” he said.

“BS-VI related anticipation, focus on productivity, replacing old trucks with new and axle load norms are leading in more modernization now. So these are the positive factors which will contribute to growth,” he added.

The firm is also working on coming out with new products. "We want to give much better and modern trucks which are suitable to carry high load," Aggarwal mentioned.
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