Eicher Motors and Volvo Group’s joint venture firm, VE Commercial Vehicles (VECV) is targeting to capture the number one position in the light-to-medium duty (LMD) trucks segment in terms of market share.
At present, the company’s market share in the first ten months of the fiscal is 32.6 per cent, 2.5 per cent over the previous comparable period. The company is expecting to touch 33 per cent by April 2015. The largest market share in the segment presently is that of Tata Motors.
Eicher Motors is one of the leading manufacturers of commercial vehicle. It has manufacturing facilities located in Madhya Pradesh, Tamil Nadu, Maharashtra, and Haryana.
