Riding on their successful joint venture with Volvo Group in India, Eicher has posted impressive growth in the domestic M&HCV market in the recent past on the back of vastly improved / upgraded models with the help of Volvo’s technological prowess. The JV has also invested significantly on exclusive engine plant & Bus Body plant to further enhance their capabilities. While Ashok Leyland growth has been stagnant for sometimes with only a handful of new launches which are far & few in a scenario where the market is gradually maturing towards high tech & high power products. The graph below illustrates the closing gap between the two brands in the domestic >3.5T GVW CV Industry
Source: Autobei
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