Thursday, September 08, 2011
By Pranjal Gera
AMW plans to launch five new vehicles in Indian by Dec 2011
Asia Motor Works (AMW), the leading commercial vehicle maker, said on Wednesday that it is eying to add five new vehicle in its portfolio by the end of current calendar year. The company aims to register a three-fold increase in sales by the end of this financial year.
Besides expanding its footprints in the domestic market, the company is mulling over to enhance its presence in the foreign markets with marking debuts in the regions like Middle East and Africa, by the end of next year. The company has commenced low volume exports to the neighbouring countries like Nepal and Bhutan.
In a statement given to PTI on the sidelines of SIAM’s annual summit in the National Capital, AMW’s Managing Director and CEO Anirudh Bhuwalka said that in the next 3 to 4 months, there will be a slew of products that the company will be introducing in the market, starting with a 16-tonne tipper in October this year.
The firm is planning aggressively to boost its market share and aims to sell 20,000 units of its commercial vehicles in the current fiscal, as compared to the sales of 7,000 units in the last financial year.