Tata Motors will supply 1,111 trucks to Siddhivinayak Logistics during the year
Tata Motors said that it has received its largest order ever of Medium & Heavy Commercial Vehicles from a single fleet owner. The order is from Siddhivinayak Logistics Ltd (SVLL) to supply 1,111 M&HCV trucks, to be delivered during the year.
Based in Surat, SVLL is one of the largest fleet owners in the country, owning a fleet of over 2000 commercial vehicles. The company operates across diverse segments like steel, cement, tractors, chemicals, machinery and is a pioneer in new segments like commercial vehicle chassis carriers. SVLL plans to start transporting farm fresh fruits and vegetables through refrigerated containers on the Tata Prima.
Vinod Sahay, head-sales & marketing (M&HCV Trucks), Tata Motors said, "We will be commencing deliveries in this month and plan to complete the order by end of this financial year."
Tata Motors M&HCV sales in May 2011 saw a growth of 12% over May 2010. The company currently has 70% market share in M&HCV trucks.
On Friday, Tata Motors ended 0.09% down at Rs1,019.75 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.63% to 18,268.54.
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