Eicher Motors Limited · NSE:EICHERMOT
Eicher Motors — Investor Presentation (2019)
96 slides from Eicher Motors's investor presentation, 2019
Slide 1: Brand - Way Forward 2019-2020
BRAND - WAY FORWARD 2019-2020
Slide 2: Siddhartha Lal quote, 2005
“ We will put the world under the spell of a new order of motorcycling from a brand that continues to transcend time ” - Siddhartha Lal, 2005
Slide 3: The Digital Opportunity
The Digital Opportunity 28.5 MILLION SEARCHES 9% GROWTH OVER LAST YEAR ROYAL ENFIELD RECEIVES 2.37 MILLION WEB SEARCHES ON AN AVERAGE IN A MONTH, WHICH IS HIGHER THAN THE COMBINED WEB SEARCHES OF THE REST OF THE TOP 3 COMPETITOR BRANDS COMPETITOR 1 1.1 MILLION COMPETITOR 2 0.7 MILLION COMPETITOR 2 0
Slide 4: The Digital Opportunity
The Digital Opportunity 60% OF ALL WEBSITE VISITS IN THE 150 TO 750CC MOTORCYCLE SEGMENT ARE ON ROYALENFIELD.COM Total Web Visits grew from 19.7 M in 2016-17 to 29.5 M
Slide 5: The Digital Opportunity
The Digital Opportunity 6 MILLION STRONG SOCIAL MEDIA COMMUNITY WHICH IS FULLY ORGANIC ONE OF THE STRONGEST ONLINE COMMUNITIES IN THE WORLD 160 K 1.8 M 412 K 115 K 4.1 M
Slide 6: Royal Enfield Command Center
Royal Enfield Command Center LISTENING AND MONITORING Tracking Brand, Competition & Category, EVOLVED ANALYTICS monitoring 200K+ mentions, comments Unlocking potential of Big Data & Big & conversations Query through Joint Business Plan with Google & Facebook BRAND ADVOCACY 750+ Brand Advocates seedi
Slide 7: Charting new routes to a Pure Motorcycling Way of Life
Charting new routes to a Pure Motorcycling Way of Life
Slide 8: The Royal Enfield Retail Footprint
The Royal Enfield Retail Footprint
Slide 9: The Royal Enfield Retail Footprint
The Royal Studio Stores Enfield Retail Footprint 350 NEW STUDIO STORES PLANNED IN 2019 THE TARGET IS TO INCREASE ROYAL ENFIELD’S RETAIL FOOTPRINT TO 1100 TOWNS WITH 1350 STORES
Slide 10: Brand Awareness & Consideration vs Competition
Brand Awareness & Consideration vs Competition #1 72% Consideration #1 42% Top of Mind Awareness 400 bps ahead of our closest competitor 1400 bps ahead of our closest competitor *Internal Millward Brown Brand Health Report with sample size of ~3200)
Slide 11: Opportunities to win in many Indias
Opportunities to win in many Indias ALL INDIA 72% (OND 18) 74% (JFM 19) 75% (JFM 18) 72% (JFM 19) (OND 18) 70% 74% (JFM 18) CONSIDERATION AVG. ASPIRATION KARNATAKA & ENDORSEMENTS MAHARASHTRA UNDER INDEXED STATES CITADEL STATES ROYAL ENFIELD POSTED A GROWTH OF 8% IN THESE UNDER INDEXED STATES MARKETS
Slide 12: Winning in Many Indias - Market & approach Clustering
Winning in Many Indias - Market & approach Clustering RE <26% RE >26% LOW HIGH HIGH POTENTIAL HIGH POTENTIAL PENETRATION PENETRATION Andhra Pradesh, Telangana, North East, Orissa, West Himachal Pradesh, Jammu & Kashmir, Uttarakhand, Delhi, PST Bengal, Karnataka, Maharashtra, Tamil Nadu Chandigarh, G
Slide 13: Steady and Sure over time...
Steady and Sure over time... GUN GREY & HIMALAYAN SLEET & REDDITCH SIGNALS TWINS BULLET TRIALS STEALTH BLACK THUNDERBIRD X 45% Dip seen due to transition from Web 2.0 to 3.0 - Google Tag Manager Deployment 30% 34% 33% 28% 30% 30% 26% 27% 26% 26% 27% 28% 28% 29% 27% 25% 25% 24% 23% 26% 26% 22% 23% 25
Slide 14: Opportunity for Upgraders
Opportunity for Upgraders 4.1 MILLION STRONG COMMUNITY READY FOR UPGRADES WITHIN THE PORTFOLIO
Slide 15: The Twins Launch - A watershed event in motorcycling
The Twins Launch - A watershed event in motorcycling
Slide 16: Recognition by those who know best
Recognition by those who know best
Slide 17: Twins: Source of Growth
Twins: Source of Growth 55% of all Twins Customers are upgraders from the 350cc Royal Enfields WHAT’S WORKED KEY TASKS - Product & Price - Incredible Value - Continue to Build Awareness & Salience in the 6 key cities - Launch phase built buzz - Drive Consideration amongst intenders - Positive Word o
Slide 18: Twins: Source of Growth
Twins: Source of Growth BANGALORE CHENNAI MUMBAI NEW DELHI HYDERABAD PUNE TYPICALLY AMONGST TWIN OWNERS INTERCEPTOR 650 GT 650 TWINS INDIA SALES 30-45 yrs 18-30 yrs
Slide 19: Delighting Customer throughout their brand journey
Delighting Customer throughout their brand journey IN SEARCH IN STORE IN USE ONLINE EXPERT/ ONLINE STORE TEST BOOKING DELIVERY AFTER SALES COMMUNITY SEARCH USER GROUP ENQUIRY VISIT RIDE & PURCHASE SERVICE ENGAGEMENT ADVICE (RIDES)
Slide 20: Living and sharing a Pure Motorcycling Way of Life
Living and sharing a Pure Motorcycling Way of Life THE POWER OF UGC 70% OF ALL ROYAL ENFIELD SOCIAL CONTENT IS USER GENERATED AND ENJOYS A HIGHER ENGAGEMENT RATE
Slide 21: New Ride Formats: Tapping into Sub-Cultures
New Ride Formats TAPPING INTO SUB-CULTURES
Slide 22: New Ride Formats: Sub-Brand Focused Rides
New Ride Formats SUB-BRAND FOCUSED RIDES
Slide 23: New Ride Formats: Flat Track
New Ride Formats FLAT TRACK
Slide 24: Driving a deeper brand purpose
Driving a deeper brand purpose LEAVE EVERY PLACE BETTER
Slide 25: To conclude
To conclude Leveraging power of social and user generated content Full portfolio strategy to accelerate growth and develop market potential Further expansion with the right retail formats Royal Enfield Command Center is the epicenter of everything Digital - Journey from a Reporting Hub to Action Cen
Slide 26: Royal Enfield International Business and Americas
Royal Enfield International Business and Americas
Slide 27: International History
International History Royal Enfield Recent International Journey Begins exporting Royal Enfield North motorcycles to America (RENA) Royal Enfield select international becomes 1st wholly- Thailand is 3rd becomes markets owned subsidiary market with India-based company wholly-owned motorcycle company
Slide 28: International Growth Strategy
International Growth Strategy CAGR : 2012-18 Motorcycles ● International strategy shift from “opportunistic” Developing > 750cc -2% Segment to “strategic growth” Markets 250-750cc 3% ● Middleweight segment opportunities in both Developing and Mature markets -2% ● Focused on identified key markets –
Slide 29: North America Motorcycle Market
North America Motorcycle Market North America ● Important and influential motorcycle market ● Over 9 million registered motorcycles Harley-Davidson ● Middleweight segment is growing Honda ● Royal Enfield aims to be in “Top 7” by market share in 3-5 years Kawasaki Yamaha Suzuki Indian BMW Truimph KTM
Slide 30: Setting-up Footprint in North America
Setting-up Footprint in North America Development ● Phase 1 : Set-up business (2016-18) ○ Started Royal Enfield North America (RENA), a wholly-owned subsidiary company ○ Focused on building and developing a dealer network mainly through Multi Brand Outlets (MBOs) ○ Basic brand-building Marketing act
Slide 31: Setting-up Footprint in North America
Setting-up Footprint in North America Development ● Phase 2: Operate and grow business (2018 onward) ○ Leverage new motorcycle launches ○ Big focus on PR with the launches ○ Build brand awareness ○ 1st new motorcycle launch in RENA: Himalayan ■ Very successful ■ 15 journalists from North America ■ D
Slide 32: North America – Twins Launch
North America – Twins Launch Global Twins Launch and Media Ride ● September 2018 in Santa Cruz, California, USA ● Live Views : 0.6 Million ● Good Engagement Rates, 60% higher than average ● Net Sentiment : 96% ● Over 120 journalists from around the world ● 2 days of riding and presentations ● Result
Slide 33: North America – Twins Promotion
North America – Twins Promotion 2019 Twins Regional Consumer Launches Focus- Demo rides 8 stops with the “Pick your Play” semi ● May 11th, Miami, Florida ● May 18th, Summit Point, West Virginia ● June 1st, Milwaukee, WI ● June 8th, Acton, Ontario, Canada ● June 15th, Denver, Colorado ● June 21st, Sa
Slide 34: Latin America
LATIN LATAM AMERICA
Slide 35: Brazil - Competitive Landscape
Brazil - Competitive Landscape CY Engine Sales % - The 2W industry has bounced back positively with double digit growth in calendar year 2018 Size Volume 2018 (10.4%) - The mid size has also grown by 12% y-o-y. - Brazil presents extremely healthy Source of Growth (56%) and the largest mid-size marke
Slide 36: Brazil - RE Performance
Brazil - RE Performance 2W Total Sales Mid Size Total Company CY 2018 Sales 749 998 744,974 62,482 522 128,875 35,066 7,158 2,137 5,942 3,658 5,605 1,237 5,746 - Focused Growth Strategy: 4,396 - ● Brand development 749 400 ● Network/dealer expansion ● New product launches 522 522 998 1 Source: Fenab
Slide 37: Brazil - Brasilia Store
Brazil - Brasilia Store *FY 18-19 till Feb vs LY
Slide 38: Brazil - Brasilia Store
Brazil - Brasilia Store *FY 18-19 till Feb vs LY
Slide 39: Colombia - Market Situation
Colombia - Market Situation ● Middleweight segment is growing steadily ● Recreation riding is increasing ● On/Off road motorcycles are popular
Slide 40: Colombia - Competitive Landscape
Colombia - Competitive Landscape Market structure presents fascinating opportunity for Royal Enfield *FY 18-19 till Feb vs LY
Slide 41: Colombia - Journey so far
Colombia - Journey so far Medellín store Bogotá 134 Bogotá Zona T Cali store Bogotá Campin Pereira store Villavicencio Bogotá Normandía Network - 8 exclusive stores and 11 MBOs for sales. 32 service points across Colombia.
Slide 42: Argentina - Market Situation
Argentina - Market Situation • Middleweight segment is growing • Recreation riding is increasing • On / Off road motorcycles are popular *FY 18-19 till Feb vs LY
Slide 43: Argentina - Competitive Landscape
Argentina - Competitive Landscape About 44% of the market is more than 150cc engine size, a real opportunity for Royal Enfield *FY 18-19 till Feb vs LY
Slide 44: Argentina - Journey so far
Argentina - Journey so far Buenos Aires - Store 1 at Vicente Lopez Buenos Aires - Store 2 at Pilar (In progress. Launch by mid June 2019) *FY 18-19 till Feb vs LY
Slide 45: LATAM - Journey so far - Events & Rides
LATAM - Journey so far - Events & Rides Reunion Colombia La Gujira Ride, Test Ride Campaign 2018 - Ride Colombia Bogota, Colombia Bogota, Colombia One Ride 2019 Himalayan Off Road Ride Night Ride Colombia Colombia *FY 18-19 till Feb vs LY
Slide 46: International Growth Strategy
International Growth Strategy Summary: ● At early stage of the international journey ● Excited about the initial results in the international growth strategy *FY 18-19 till Feb vs LY
Slide 47: Global Technical Organisation
GLOBAL TECHNICAL ORGANISATION
Slide 48: UCE Platform change
UCE Platform change was used to drive the change agenda across organization WE HAVE BUILT THE CAPACITY CAPABILITY COMPETENCY
Slide 49: Capacity addition
Capacity addition in modules helped maximize the efficiency extraction Milestone of 1 Lakh vehicle in a single year accomplished Both phases in Commencement of Ramping up of full operation Phase-1 construction Phase-1 operations at Oragadam at Vallam Vadagal Efficiency extraction Commencement of at
Slide 50: Having One Million+ capacity
Having One Million+ capacity THIRUVOTTIYUR ORAGADAM VALLAM VADAGAL No Assembly operations; Capacity Capacity Plating & Auto buffing 600,000 motorcycles per 600,000* motorcycles per annum annum
Slide 51: Strong vendor base to support the growth
204 Strong vendor base to support the growth 250 247 Continuing supplier rationalization Adding new suppliers for new technologies / platforms for BS VI 225 & OBD 2 regulations No.of Suppliers 25 suppliers’ base location shifted 211 from other regions to Chennai in 200 204 past 3 years 193 194 184 1
Slide 52: Vendors Presence across the globe
Vendors Presence across the globe India Monthly Suppliers Inventory Region Purchase % No.of Days UK South 68% 104 2 Cooper Tyres : Tyres West 21% 44 7 North 9% 38 10 Import 2% 10 30 Italy Bergamaschi : Total 196 Reflex Reflector China Jinfei : Alloywheel USA Lafrance: Stickers GMComponents: Hydrauli
Slide 53: Every investment was done for best-in-class output with frugality
Every investment was done for best-in-class output with frugality VEHICLE ASSEMBLY ENGINE ASSEMBLY SURFACEFINISHING Assemblyline flexibility -248 SKUs produced in Automation of criticalsubassemblyoperations Total no.of painting robots deployed -46 one line 100%of tightening operations by DC nut-runn
Slide 54: Every investment was done for best-in-class output with frugality
Every investment was done for best-in-class output with frugality MACHINING FABRICATION AUTO BUFFING Total no of machining centers across all the plants - 100% Robotic welding of frames Two stage automated buffing process enhance the 300 aesthetics of plating components Total no. of robots deployed
Slide 55: Improved Product Development Capability
Improved Product Development Capability THIRUVOTTIYUR UK TECHNOLOGY CENTER INDIA TECHNOLOGY CENTER No. of people No. of people - 150 No. of people - 265 (Shifted to new tech center) (Product testing team already in place, and remaining people are being moved from TVT and other locations to Tech Cent
Slide 56: Product Development
Product Development at Royal Enfield has been evolving Prepare product pipeline for next 7-10 years Legislation (BS6 and Euro 5) Continually improving product quality Desire for global expansion Deepening in-house capability
Slide 57: New Product Development Teams
New Product Development Teams Who Designs and Develops New Products? Product Strategy - Identify opportunities, define products Industrial Design – Visual design of the product Product Development - Engineering analysis, design and validation of powertrain, electrical and vehicle Genuine Motorcycle
Slide 58: Product Development - No. of Employees
Product Development 372 400 *30% of team is 348 43 in UK 33 38 276 300 37 10 60 No.of Employees 25 60 190 200 5 60 18 116 30 231 218 100 16 181 64 137 15 100 49 2014 2015 2016 2017 2018 2019 Development GlobalGrowth GenuineMotorcycleAccessories Product Strategy/Industrial Design Current Engineering
Slide 59: Product development growth
Product development growth not just in numbers, but in capability Analysis carried out on the Twins Analysis teamsimulatesandtestscomponents,systems and wholemotorcycleinthevirtual world toidentify problemsbefore makingrealcomponents Handling and stability Engine performance & durability Framestiffn
Slide 60: Product Development - Facilities
Product Development - Facilities UK TechnologyCentre openedin May 2017:Purpose-built, world classcompletedevelopmentfacilityfromconcept to pre-production
Slide 61: Product Development - Facilities
Product Development - Facilities Purpose-builtnewTechnologyCentre nearingcompletion in Chennai Incorporatesnewtestequipmentto enhance developmentprocess
Slide 62: Product Development – New Facilities
Product Development – New Facilities Hemi-anechoic chamber Sound-absorbing walls and ceiling Used to develop sound of the motorcycle
Slide 63: Product Development – New Facilities
Product Development – New Facilities “Four poster” road simulator Accelerated road load based structural simulation test Inputs in X & Y direction
Slide 64: Product Development – New Facilities
Product Development – New Facilities 9 engine test beds (Earlier 3) 4 chassis dynamometers (Earlier 1) Climatic chamber (-20ºC to +60º C, new) Emissions dynamometer Component test rigs Prototyping - Machining - Fabricating - 3D printing (new) - Vacuum casting (new) - Pressing
Slide 65: Product Development – Process
Product Development – Process Concept& Layout Five interlinkedprocesses Design Eight gatesto delivertheright informationat theright time Five reviews to deliveranagiletestanddevelopmentprocess Development & Validation Threedevelopmentbuildsto optimisetheproduct Manufacture Threemanufacturingbuildsto
Slide 66: Product Development – Process
Product Development – Process Class 5 Project Timeline
Slide 67: Product Development – Outcomes
Product Development – Outcomes Re-shaping of Royal Enfield Product Development team and process started in 2015 First products from new team and process are the Interceptor and Continental GT 650 Twins, released in late 2018
Slide 68: Product Development - Future Challenges
Product Development - Future Challenges ABS recently became mandatory - Now added to all the motorcycles Euro 5/BS VI emissions norms - In-house team now has capability to design and calibrate latest generation Engine Management Systems to meet future emissions requirements LEGISLATION On Board Diag
Slide 69: Slide 69
Slide 70: Material cost reduction
One big initiative which helped in profitability is Material cost reduction • First principle costing negotiation • Commodity management • Value addition and Value engineering • Benchmarking • Low cost automation • Nesting • Alternate and low cost country sourcing
Slide 71: Next Big Bets
Future Focus Build flexibility (N=1) and extract efficiency Next First time right new product launches with Big Bets SRK process CKD assembly in Thailand
Slide 72: VE Commercial Vehicles Ltd
Eicher Motors Limited Investor’s Meet VE Commercial Vehicles Ltd Vinod Aggarwal, MD & CEO
Slide 73: CV Industry and VECV… A Promising Future
CV Industry and VECV… A Promising Future Investments, Plans and Business Environment VECV Overview Outlook 2
Slide 74: CV Industry and VECV… A Promising Future
CV Industry and VECV… A Promising Future Investments, Plans and Business Environment VECV Overview Outlook 3
Slide 75: Macro-economic outlook
Macro-economic outlook… India’s long term growth story remains intact…a large opportunity for the auto-industry GDP Growth (%) Forecast* 8.0 7.5 7.3 7.6 7.0 6.4 7.1 6.7 5.5 FY'13 FY'14 FY'15 FY'16 FY'17 FY’18 FY’19e FY’20e FY’21e WORLD’s NO. 1* WORLD’s NO. 4* WORLD’s NO. 5* WORLD’s NO. 2** 2-WHEELER
Slide 76: CV industry on threshold of long term sustained growth
CV industry … on threshold of a period of long term sustained growth Automotive Mission Plan 2016-26… aspirations • To be among top 3 automotive industry in the world.* • Auto-industry to grow 3.5-4 times in value from around $70 billion to $250-300 billion* Infrastructure Development… impetus for g
Slide 77: Business environment factors impacting CV industry
Business environment factors impacting CV industry Goods and Services Tax (GST)… enhanced business efficiency • Efficient logistics • Shift towards higher Gross Vehicle Weight (GVW), high performance trucks New Axle load Norms … alignment with global norms • Additional load … shift towards progressi
Slide 78: Indian CV industry riding on new initiatives
Indian CV industry riding on new initiatives… continues to provide huge opportunities of growth CV industry (Domestic >3.5T) Volume Progression (In Nos.) HD (>16.2T) Trucks Volume Progression (In Nos.) 4,24,568 4,34,466 2,67,390 3,91,463 2,35,867 2,28,435 2,95,347 3,75,992 4,92,355 2,23,393 3,04,333
Slide 79: CV Industry and VECV… A Promising Future
CV Industry and VECV… A Promising Future Investments, Plans and Business Environment VECV Overview Outlook 8
Slide 80: VECV Volume Progression
VECV Volume Progression … consistent growth with strong performance VECV Volume Progression (In nos.) 65,932 72,969 58,604 52,025 50,624 41,958 38,703 47,071 30,420 41,822 20,677 FY'09 FY'10 FY'11 FY'12 FY'13 FY'14 FY'15 FY'16 FY'17 FY'18 FY'19 Excellent performance with VECV sales touching a new h
Slide 81: LMD Trucks - most modern product range
LMD (3.5-15T) Trucks … most modern product range to cater to the changing market dynamics Market Share Progression (%) 28.9 29.3 30.5 31.5 27.9 25.6 31.3 27.3 28.4 29.4 25.3 FY'09 FY'10 FY'11 FY'12 FY'13 FY'14 FY'15 FY'16 FY'17 FY'18 FY'19 • Dual product range to • ‘Mileage ka Badshah’ • Portfolio c
Slide 82: Bus - market share growth
Bus … market share grows 3 times in 10 years … significant growth potential Market Share Progression (%) 15.1 15.8 16.8 17.0 13.6 15.7 12.9 10.2 5.3 5.8 7.2 FY'09 FY'10 FY'11 FY'12 FY'13 FY'14 FY'15 FY'16 FY'17 FY'18 FY'19 • Contemporary looks, • Wide range from 12 – • Leading in safety with • Best
Slide 83: HD Trucks - next generation product range
HD Trucks … game changing next generation product range Market Share Progression (%) 4.5 4.0 4.9 4.5 3.3 4.6 4.0 3.6 2.3 1.3 1.3 FY'09 FY'10 FY'11 FY'12 FY'13 FY'14 FY'15 FY'16 FY'17 FY'18 FY'19 • Widest range of • Best in class fuel • Class leading modern • Lifetime support products in the basic, e
Slide 84: International Business
International Business… strong footprint in ‘India like’ markets, continuously exploring other markets with UD brand International Volumes (in Nos.) 9,001 8,035 10,010 6,512 5,702 3,970 2,656 3,106 3,017 2,085 2,281 FY'09 FY'10 FY'11 FY'12 FY'13 FY'14 FY'15 FY'16 FY'17 FY'18 FY'19 13
Slide 85: Volvo Trucks - leadership in premium segment
Volvo Trucks… leadership in premium segment Market Share Progression (%) 84.2 70.0 66.2 80.8 64.7 88.0 73.4 65.6 62.3 59.5 62.0 FY'09 FY'10 FY'11 FY'12 FY'13 FY'14 FY'15 FY'16 FY'17 FY'18 FY'19 • Strong customer focus • Market leadership • No 1 in Brand image culture & delivering industry • Tippers
Slide 86: VE Powertrain (VEPT) volumes
Commendable performance at VE Powertrain (VEPT)… volumes have grown at healthy pace VEPT Volume Progression 34,805 39,827 23,711 19,854 13,595 4,976 FY'14 FY'15 FY'16 FY'17 FY'18 FY'19 Capacity scalable up to 100,000 engines Best executed project with Volvo technology & frugal approach Exclusi
Slide 87: Financials … 3.8 times surge in revenue
Financials … 3.8 times surge in revenue, healthy margins despite recession and disruptions Revenue (BINR) EBIDTA % 9.7% 10.3% 9.4% 117.0 8.7% 101.3 7.7% 7.7% 86.1 8.3% 8.8% 80.3 7.4% 7.2% Price 61.2 Strong disruptions 53.9 53.5 50.9 recession 43.6 period 31.0 FY'10 FY'11 FY'12 FY'13 FY'14 FY'15 FY'1
Slide 88: CV Industry and VECV… A Promising Future
CV Industry and VECV… A Promising Future Investments, Plans and Business Environment VECV Overview Outlook 17
Slide 89: 10 years of successful journey
10 years of successful journey with meticulous execution … Robust foundation laid based on trust, mutual respect & win-win 2008-2012 2013-2017 2018-2025 JV formation and Project completion and Synergy projects launch of Pro series Aspiration & Focus areas Strong foundation laid based on trust, P
Slide 90: Strong base created with investment funded from internal accruals
Strong base created with investment funded from internal accruals… Modern infrastructure, still very lean and frugal Truck Plant Modernization VE Powertrain New and Modern Bus Plant • Modern assembly lines with MES/ IoT • State-of-the-art Euro VI compliant • State-of-the-art bus building • Best in c
Slide 91: Strong base created with investment funded from internal accruals
Strong base created with investment funded from internal accruals… Modern infrastructure, still very lean and frugal Capacity Expansion- Trucks & Buses BS VI engine development Telematics • ETB Pithampur plant capacity increased • Complete Engine Range comprising • Advanced Telematics solution to 90
Slide 92: Strong base created with investment funded from internal accruals
Strong base created with investment funded from internal accruals… Modern infrastructure, still very lean and frugal Industry first AMT on Trucks & Buses India’s first 7-Speed MD truck India’s first 55T HD truck Going Green with Hybrid and Electric Indigenously developed 9 speed Industry first CNG B
Slide 93: BSVI Preparedness
BSVI Preparedness … geared up for the next wave of opportunity MANUFACTURING PRODUCT READINESS 3 READINESS priorities FRONT END READINESS • LMD trucks – Dual product range with • BSVI engine (diesel & CNG) fuel efficient engines certification (1st In INDIA) • HD trucks - Completely Modular • Line (e
Slide 94: Future Capacity Enhancement… Bhopal Plant
Future Capacity Enhancement… Bhopal Plant Phase 1 capacity - 40,000 vehicles/ annum, further scalable to 100,000 vehicles/ annum Driving modernization - advanced engine and vehicles assembly lines, BSVI compliant Green initiatives for sustainability : Zero discharge, daylight & rain water harvesting
Slide 95: Summary… VECV in a strong position to grow
Summary… VECV in a strong position to grow Strong and synergistic partnership with Volvo group Extensive product portfolio with vehicles in all segments The BS VI advantage: producing Euro VI engines long block since 2013 at VE Powertrain for Volvo Group requirements Excellent performance at
Slide 96: Thank You
Thank You = VE COMMERCIAL VEHICLES = wWotwvo = EICHER fy eu Taen exeen NCE 25