Eicher forays into mini-truck space with Pro 1049

Image
Press Trust of India Mumbai
Last Updated : Apr 25 2016 | 5:02 PM IST
Eicher Trucks and Buses, part of VE Commercial Vehicles today announced its foray into sub-five tonne category of commercial vehicles with the launch of Eicher Pro 1049, priced up to Rs 8 lakh.
"With the launch of Eicher Pro 1049 from our Pithampur plant, we plan to strengthen or leadership in the light and medium duty (LMD) segment and is aligned with the company's commitment to usher in the future of Indian trucking with next generation products and technologies," VE Commercial Vehicles Senior Vice President Shyam Maller told reporters here.
The company has fixed price of around Rs 7 lakh for BS III and around Rs 8 lakh for BS IV variant, Mallar said.
This compact fuel efficient mini truck has been designed to cater to the last mile distribution in urban, semi urban and rural areas across the country.
LMD segment in commercial industry has a great potential to grow as it addresses the critical last mile connectivity and distribution network in rural, semi-urban and urban areas. In 2015, market size of 3.5 tonnes to 5 tonnes LMD segment stands at 8,080 units and the growth in this segment looks very promising, he added.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 25 2016 | 5:02 PM IST

Next Story