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Eicher Sept vehicle sales drop 11.5% y-o-y
New Delhi, Oct 07: Sales at second-largest light truck maker, Eicher Motors Ltd, fell 11.5 per cent in September to 1,110 vehicles from 1,254 in September 2002 because of a strike at a key vendor, the company said in a statement.
New Delhi, Oct 07: Sales at second-largest light truck maker, Eicher Motors Ltd, fell 11.5 per cent in September to 1,110 vehicles from 1,254 in September 2002 because of a strike at a key vendor, the company said in a statement.
The New Delhi-based firm said sales in April-September, the first half of fiscal 2003/04, rose 7.47 per cent to 6,232 vehicles from 5,799 vehicles in the same period last year.
The figures include exports.
"Sales in the months of August and September were severely constrained by disruption of supplies from a key vendor on account of labour unrest," Rakesh Kalra, chief executive of Eicher Motors, said in the statement.
Kalra said he expected Eicher's sales to increase significantly in the second half of the fiscal year as the order position was healthy. Exports are also expected to gather momentum in the coming months.
The supply disruption particularly hit sales of Eicher's newly launched 16-tonne truck, Jumbo 20.16, the statement said.
Bureau Report
The figures include exports.
"Sales in the months of August and September were severely constrained by disruption of supplies from a key vendor on account of labour unrest," Rakesh Kalra, chief executive of Eicher Motors, said in the statement.
Kalra said he expected Eicher's sales to increase significantly in the second half of the fiscal year as the order position was healthy. Exports are also expected to gather momentum in the coming months.
The supply disruption particularly hit sales of Eicher's newly launched 16-tonne truck, Jumbo 20.16, the statement said.
Bureau Report