AMW Truck sales zoom 50% during FY-2012

India's third largest heavy commercial vehicle manufacturer Asia MotorWorks (AMW) reported solid growth during the current fiscal year, sold 10,000 trucks with sales rise of 50 % during FY-2012. End Quote

Indianapolis, IN (1888PressRelease) April 28, 2012 - India's third largest heavy commercial vehicle manufacturer, Asia MotorWorks (AMW) grew strongly during the year ended March 2012, with its sales rising by 50% to 10,000 trucks. The company also became the second largest player in the fast growing Tipper segment with a 25% market share, outpacing established players that have been in the market for decades.

AMW's sales growth is well in excess of the overall HCV market which is estimated to have grown by 8% during 2011-12. During the previous year AMW also launched 11 new models including the 1618 Tipper model, as well as its haulage range of trucks, which gives the company expanded access to the overall HCV market.

This strong performance is all the more creditable considering the headwinds that have affected the Indian commercial vehicle market during the previous year. These included slowing GDP growth, tighter liquidity and policy paralysis. Despite these challenges, AMW has seen growing demand for its models across the country.

AMW already has 25,000 trucks on Indian roads since it began commercial production in 2008. The company also added 60 new dealers during the previous year and has won over customers with its focus on operator productivity and driver comfort.

AMW Profile

Asia MotorWorks (AMW) is India's third largest manufacturer of heavy commercial vehicles and has achieved a unique position in India's transportation sector through innovative engineering and customer orientation.

Rolling out its trucks in 2008, AMW has increased its presence in a competitive market place through its products and wide service network. AMW is an intrinsic part of India's largest infrastructure and construction projects including the Golden Quadrilateral.

AMW is also the fastest growing truck brand in India with an annual volume growth of over 100% for the last three years. In addition AMW has a dominant presence in the fast growing Tipper segment. Its vehicles are the preferred choice in the mining, construction and infrastructure sectors, where they operate under very arduous road and load conditions.

The company has a widespread and growing dealer and service network across India with 113 dealerships and over 1,500 touch points. This network includes sales and service centres, authorized service outlets, mobile vans, workshops and a 24*7 helpline called 'AMW Seva' which ensures a rapid response to customer needs.

Wide product range

AMW offers trucks ranging from 16 to 49 tons and has pioneered several segments in the Indian CV market. The AMW 49 ton model created the segment and was India's largest tractor trailer at launch. In addition, AMW also created the construction and mining segments in the Indian CV market with its range of tippers.

AMW won the 'Truck of the Year' award from NDTV in January 2008. In addition, it also got the coveted 'CV Innovation of the Year 2009-10' award for its 3123 model. AMW CV Applications was given the 'Truck Application Builder of the Year- 2010' award for its Tranztar brand of fully built vehicles.

State of the art plant at Bhuj

AMW's fully integrated manufacturing facility in Bhuj, Gujarat, has a planned capacity of 50,000 commercial vehicles per annum. It currently employs about 1,200 people and uses state of the art production processes to build world class trucks for the Indian market.

For additional information or clarifications please refer to our website www.amwasia.com or contact-

Nipun Kaushal
Vice President- Branding and PR
Mobile- 9819730365
Email- nipun.kaushal ( @ ) amwasia dot com

Darius Lam
Senior Manager- Corporate Communication and PR
Mobile- 9820071451
Email- darius.lam ( @ ) amwasia dot com
http://www.amwasia.com/

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