AMW launches new 1618 TP Tipper at EXCON, Bangalore

Asia Motor Works (AMW) launched its new 1618 TP Tipper model at the EXCON exhibition in Bangalore on November 24. This important new model marks AMW's entry into the competitive 16 ton segment of the Indian commercial vehicle market

SPARE PARTS DEMAND FOR ASIA MOTOR WORKS (AMW)

 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.

AMW INCREASES PRESENce IN MARKET

The Company AMW Product portfolio includes it best seller, the 49 Tonner - Indian first Vehicle in this segment, 4018, 4023, 2523 Rock and Box body tipper, 2518 Tipper

India: AMW shelves plans to enter local LCV segment

Indian commercial vehicle and components manufacturer Asia MotorWorks (AMW) has put on hold its plans to enter the country's light commercial vehicle (LCV) segment. This decision has been attributed to a slowdown in the Indian automotive market following a series of interest rate hikes by the Reserve Bank of India (RBI).
AMW had intended to enter this segment with its 1.5-tonne Pug LCV. The company has decided to continue focussing on the medium and heavy CV (M&HCV) segment, as well as its entry into the bus segment.
"We have put our entry into the LCV segment on hold at present, even though we are going ahead with our plans to launch buses," A Ramasubramanian, president of Asia MotorWorks, told the Financial Chronicle.
The LCV market in India has been witnessing strong growth. According to the Society of Indian Automobile Manufacturers (SIAM), in the first four months of the current financial year (April-July 2011), domestic sales of LCVs rose by 25.6% year-on-year. Comparatively, the M&HCV segment posted a growth rate of 6.4%.
Beyond this inviting growth rate, however, OEMs such as Force Motors and Piaggio have reportedly had difficulties in securing significant market share, in a segment dominated by Tata Motors and Mahindra & Mahindra.
AMW's entry into the bus segment too will pitch the company against giants such as Tata Motors and Ashok Leyland, which dominate the mass-market bus segments, and Volvo Buses which leads the high-end multi-axle segment. According to the Financial Chronicle, the winding down of the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) scheme has resulted in the domestic bus market slowing down considerably (+2.9% y-o-y in