Press Release | March, 2018

Eicher Delivers Modern City Bus

Gandhi nagar/Ahmedabad, October 2011: Eicher Trucks & Buses (A business area of VECV) today, introduced on Indian Roads its most recent Bus offering when it handed over the first lot of 10 Rear Engine Semi Low Floor (RESLF) City Buses to Gujarat State Road Transport Corporation.

The keys of the vehicles were delivered by Mr. G Sekar, Senior Vice President (Sales & Marketing), Eicher Trucks & Buses to the Honorable Minister for Finance & Transport, Government of Gujarat, Mr. Vajubhai Vala at a grand function organized at the GSRTC Depot in Gandhi nagar

`We are thankful to the Gujarat State Government, especially the Management of GSRTC for reposing confidence in us and giving us the opportunity to partner in the growth of the state’s infrastructure’ said Mr. Sekar.

These modern City Buses have a Rear Engine and a low Floor height which makes the ride more comfortable for the commuters. Low Floor Buses, either with a one or two step entry, makes them comfortable to board and alight. It reduces stop time and makes travel quicker.

It was in the 2010 Auto Expo, that Eicher showcased the first proto-type of its Rear Engine Semi Low Floor City Bus designed and developed in conformance to the JnNURM guidelines as stipulated by the Ministry of Urban Development, Government of India. The order of 20 Nos. from GSRTC that is under execution heralds the advent of Eicher in the City Bus Segment.

He added that this event should be seen as a testimony to Eicher’s success and increasing focus in the Medium and Heavy Duty Bus Space. Earlier this year, Eicher had launched the upgraded version of its Front Engine Heavy Duty Buses, Eicher 20.15, across the country and the launch of this product also started from Surat on 23rd of May, 2011.

Eicher has launched another new model Eicher 11.12, which is a 12 Ton GVW / 4650 MM Wheelbase Platform. It is an intermediate product powered by a four cylinder 95KW engine with seating capacity similar to a six cylinder vehicle. With the increasing cost of acquisition and operation, the Eicher 11.12 Bus Chassis aims to reduce the overall cost of operations including the initial cost of acquisition of the bus. This vehicle is suited for deployment in the School, Staff, Tourist and even the Stage Carriage Segments.

The Bus Industry has experienced a decline of around 8% in the first 9 months of 2011. However, volumes of Eicher Buses have grown by over 32% in the same period resulting in significant improvement in its Market Share. In 2010, Eicher sold over 5000 buses, across all segments.

About Eicher Trucks and Buses

Eicher Trucks and Buses is a business area of VE Commercial Vehicles Limited. (VECV) Its product line-up includes trucks in the range of 5-40 T GVW and 21-69 seater buses, apart from 85 special application vehicles like troop carriers, ambulances and garbage disposal trucks. On the export front, Eicher Trucks and Buses are present in as many as 26 countries.

Disclaimer: All statements included or incorporated by reference in this media release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry, management's beliefs and certain assumptions made by us. Although VE Commercial Vehicles believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which such statement was made, and VE Commercial Vehicles undertakes no obligation to Update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits can be derived from them.

About VE Commercial Vehicles Limited (VECV):

VE Commercial Vehicles Limited (VECV) is a joint venture between the Volvo Group and Eicher Motors Limited. In operation since July 2008, the company includes the complete range of Eicher branded trucks and buses, exclusive distribution of Volvo Trucks in India, engine manufacturing and exports for Volvo Group, nonautomotive engines and Eicher component business. A multi-brand, multi-division company, backed by innovative products & services, VECV today, is recognised as an industry leader for modernizing commercial transportation in India and developing world.

For more information please visit our website:
www.vecv.in www.eichertrucksandbuses.com
For further information, please contact:
Disha Sharma
Corporate Communications, VECV
Laveena Vohra
Archetype