Public RelationsEicher Motor to invest Rs 95 cr in India
Vehicle maker Eicher Motor will invest Rs 95 crore during this fiscal to expand its India business, and will also launch two heavy vehicles next year.
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"We have fixed a capex of Rs 95 crore for our truck and bus business for this year and we will be launching one heavy duty truck and one bus in 2010," Eicher Motor Managing Director and CEO Siddhartha Lal told reporters on the sidelines of SIAM annual convention here.
He said among the launches for next year will be 6/4 Tippr heavy duty truck and rear engine semi-low floor bus.
The CEO said the company, which last year entered into a JV with Volvo, has a cash of Rs 100 crore and is looking to make big investments during the next two to three years.
"Our basic focus on the JV will be on the heavy-duty truck and we are confident of increasing our production from 2,500 units currently per month to a bigger number," he said.
The company is also looking to boost its exports through the JV. "We are going to push sales in the Middle East, Africa and the South East Asian markets," Lal said without giving figures.