Asia Motor Works targets Rs. 1,000 crore revenues for current fiscal

On the sidelines of launching its new range of trucks, Asia Motor Works has informed that it is looking to post a sales turnover of Rs. 1,000-crore by delivering 5,000 units by the end of the current fiscal. It was reported pretty recently that AMW had introduced its new 3118 haulage truck for heavy-duty, long distance applications in the Indian transport sector. The latest addition to AMW's product range was unveiled to a large gathering of customers, truck drivers and guests. The 3118 is ideally suited for transporting steel, oil, cement and is also intended for port applications and general market load. The 3118 fulfils the critical requirement of a high performance, robust vehicle suitable for on-road applications. It has been specially designed to offer the maximum cost-per-tonne performance combined with convenience, safety and comfort features that are the best in class in the industry.

Speaking at the launch eevent, Anirudh Bhuwalka, CEO and managing director, Asia Motor Works said, "At AMW we endeavor to provide best-in-class modern vehicles that symbolize product innovation, style, comfort and profitability to our customers. We believe that the 3118 haulage vehicle is a truly global product from our stable lending itself to numerous on-road applications thereby making it an ideal solution to the demanding transportation segment. Our Mobile Service Vans located every 200 km and a 2 hour call away, will be an added service differentiator to the on-road 3118. Backed by innovation and service, the 3118 will drive our product portfolio and ensure significant increase in our ever growing market share." He said the company was also providing air-conditioned, crash-proof cabins to the trucks for the safety and comfort of drivers. He added, "The company's share in the Indian market was only three per cent, but in the segments we are focusing on, our market share is 12 per cent."

In response to whether the underutilisation of the capacity at the Gujarat plant was not a matter of concern to the company, Bhuwalka said the full capacity of 50,000 vehicles a year had been created only six months ago and is rolling out products specially suited to Indian road conditions.

It is to be mentioned that AMW was founded in 2002 and has made a mark in niche segments of the medium and heavy commercial vehicle industry and its vehicles are manufactured at its sprawling 600-acre complex in Bhuj Gujarat. Its 4923 was declared 'Truck of the Year' by NDTV in January 2008. AMW's product portfolio includes its best seller, the 4923 Tractor - India's First vehicle in this segment, 4018 and 4023 tractors, 2523 Rock & Box body tippers, 2518 tipper, transit mixer and haulage vehicles. AMW has a network of over 40 dealers, 132 service stations and 450 authorized service centers across India