Asia MotorWorks (AMW), which has been founded in 2008, presently sells 1,000 trucks on monthly basis via 87-touch points across India. This displays robust growth for the firm and also reaffirms the surging acceptance of AMW among the truck buyers in the country.
Reports suggest that the firm had manufactured its 20,000th truck from its production plant in Bhuj, Gujarat in September this year.
The Bhuj unit has got a capacity to produce 50,000 trucks per annum and it has been established at a cost of Rs 1,500 crore. It presently employs 2,200 people and makes use of state of the art production processes for developing world class trucks for the Indian market.
The total addressable market of HCVs in 2010-11 has stood at 220,000 commercial vehicles per annum, which is presently growing at nearly 9% per annum. During this fiscal year, AMW would have forayed into all segments of the HCV market and is will grow strongly due to its surging penetration into the construction and mining segment.
Asia MotorWorks (AMW) produces commercial vehicle and components and has it strengthened its position in Indian transportation sector via innovative engineering and high customer orientation.
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