New Eicher trucks

VE Commercial Vehicles has introduced new trucks.

VE Commercial Vehicles has introduced new trucks.

The Indian e-commerce segment is turning out to be a hot investment opportunity. Online retail business in India is estimated to grow over 1,200 per cent to USD 200 billion (Rs.13,30,550 crore) by 2026, up from USD 15 billion in 2016, according to a recent report by financial services firm Morgan Stanley. As per the study, online retail will account for 12 per cent of India’s overall retail market by 2026. Currently it is estimated to be close to a mere three per cent. With e-commerce and express logistics being the primary growth drivers, the voluminous segment industry in India is claimed to be growing at an exponential rate of 50 per cent every year. Anticipating such an

explosive growth perhaps, Volvo Eicher Commercial Vehicles (VECV), to have a significant presence in the segment, has introduced new trucks. These were unveiled at the ‘Eicher Pro Biz expo’ the company organised. Aimed at different stakeholders of the e-commerce and logistics industry, the new trucks are especially engineered for the e-commerce segment. Out of the 14 trucks Eicher displayed, the new trucks, priced between Rs.16.26 lakh and Rs.27.4 lakh, these included five new variants Eicher Pro 1000 and Eicher Pro 3000 series variants. To address the sectoral demands across long haul, short haul and last mile delivery, the trucks, to be precise, are Eicher Pro 1110, Pro 1110XP, Pro 3012, Pro 3014, and Pro 3015.

Expected to help VECV, which registered a cumulative