Eicher Motors confident of selling more than 50% BS-III Inventory
Published On Apr 10, 2017
Eicher Motors has expressed confidence in selling more than half of its BS-III stock that is still plying after the Supreme Court ban starting April 1st. In an interview to CNBC-TV18, MD & CEO - VECV-Eicher Motors, Mr. Vinod Aggarwal said that they are planning to export a lot of inventory to the BS-III compliant markets. He further said that the remaining stock will be upgraded to BS-IV and will be sold in the domestic market, if everything goes right.
The Delhi based Commercial Vehicle manufacturer stated that it currently doesn’t have any exact numbers but it holds inventory under 2000 units, around 1700-1800 units, which is not so high. And since they have already started working on BS-IV, the impact was minimal. But on the other hand Vinod Aggarwal also specified that the industry has badly affected with this ban.
On asking about the discounts and freebies after the BS-III vehicles ban, he reiterated that company is still assessing the exact figures, though he also said that impact of margin could be seen in the fourth quarter. The company witnessed 8.5 percent growth in March 2017 as against previous year same month.
In terms of heavy duty segment, the firm has made improvement in the market share over 100 bps and close to 5 percent share when it comes to selling heavy duty trucks. In the light and medium duty truck segment, company has bettered its position and currently sits atop 33 percent market share. In export department, company has considerably improved by 23-24 percent, selling over 8,000 units, an all-time high figure.