[Aditya]

Daimler India Commercial Vehicles (DICV) has overtaken Eicher Motors to grab the No. 3 spot in the truck market in India.

DICV, a wholly owned subsidiary of German's Daimler AG, sells its products under the BharatBenz brand. The company has managed to sell more than 10,000 trucks in just two years, which is quite an achievement. Most of the trucks sold were in the 25-tonne and 31-tonne segment. DICV now controls 4.3% of the domestic heavy truck market in India (FY 2013-14).

BharatBenz sells vehicles in the 9-tonne to 49-tonne range which includes rigid haulers, tippers and tractors. The company is planning to launch products in the high-volume 16-tonne market to boost its sales in FY 2014-15. BharatBenz also plans to enter the bus segment in the second quarter of 2015.

Eicher Motors, which operates as Volvo Eicher Commercial Vehicles (VECV), has a market share of 3.9%. The company is planning to introduce the Pro Series range of trucks to take on BharatBenz.

Both BharatBenz and VECV are way behind the two leaders - Tata Motors and Ashok Leyland. The market share of the former is 59%, while that of the latter is 27%.



Source: Economic Times

[Latheesh]

What happened to Volvo's Asia Truck project? It was supposed to sell it under Eicher brand in India.

[GTO]

Unfortunately, this information isn't true.

Have received the following clarification from Volvo-Eicher:

The article is incorrect and we will like to highlight the following facts.

The correct facts are as follows:

1) VECV is the third largest CV maker in India with cumulative sales of 41251 units in 2013. Eicher brand contributed to 40,550 units with a market share of 13.6% in 5 Ton and above segment while Volvo trucks contributed to 701 units with a market share of 63.8% in the premium European segment.

2) In Q1 2014, VECV cumulative sales stands at 9981 units. Eicher brand contributed to 9814 units with a market share of 12.2% in 5 Ton and above segment while Volvo contributed to 167 units with a market share of 61.4%. in the premium European segment.

3) The segment wise break-up for the Eicher brand is as follows:

[Sreedharan]

I feel that the news article talks only about Heavy duty trucks, which is 16t and above.
I am sure that in this market, Daimler would now definitely hold the No.3 spot. Also the No.3 spot was earlier held by AMW and not Eicher (only HDT).

Eicher continues to be at the No.3 spot, for consolidated L,M,H duty truck sales.

Once again a poorly written article by ET . No facts and figurs, just english and english. I feel that the ones who read such article end up losing knowledge about the subject than gaining.

[Ashley2]

Originally Posted by GTO

Unfortunately, this information isn't true.

Have received the following clarification from Volvo-Eicher:

Originally Posted by Sreedharan

I feel that the news article talks only about Heavy duty trucks, which is 16t and above.
I am sure that in this market, Daimler would now definitely hold the No.3 spot. Also the No.3 spot was earlier held by AMW and not Eicher (only HDT).

Eicher continues to be at the No.3 spot, for consolidated L,M,H duty truck sales.
..

Daimler is definitely in no.3 position in M&HCV segment. And it's only in this segmentation Tata and AL holds positions 1 and 2 respectively. If entire CV segment is considered it will be Tata, Mahindra and then Ashokleyland. Everyone are concerned about only their presence and not the industry segmentation.
Sreedaran- earlier also it was only Eicher. AMW was no 3 only in tippers.