New Delhi: Commercial vehicles maker AMW Thursday said it plans to launch a new range of premium trucks by the end of this year targeting segments like construction and mining to drive up sales in a sluggish market.
"The premium range will have four truck models. These are going to be heavy duty tractors (trailers) catering to construction and mining segment," AMW Managing Director & CEO Anirudh Bhuwalka told reporters here.
Speaking on the sidelines of the annual convention of Society of Indian Automobile Manufacturers (SIAM) here, he said the company had launched 11 truck models last year.
The new trucks will come with higher horse power and better drivelines, he added, but did not disclose price range.
Bhuwalka said the new range would complement the company's existing range, making it a full range player. The entire range of truck will be produced at the company's Bhuj facility.
According to him currently the market for premier trucks in the country is around 2,000 trucks per annum.
When asked about sales growth, he said: "By the end of this year if we can hold to the last year's number and grow moderately we would expect it to be a reasonable growth."
AMW had posted a growth of 60 percent last fiscal and sold around 10,000 trucks.
The company also plans to open another 10-12 dealerships in the current year. It has over 120 dealerships currently.