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In heavy duty vehicles, currently, we hover around a five percent market share from a starting point of 2010 when we had one percent. We still hold that we will reach 15 percent market share in the heavy duty segment. The time frame may move by a year because of the downturn. If not 2015, it will probably be 2016,” says Siddhartha Lal, managing director, VECV.
If the confidence exuded by Lal is any indication, then it may be that the new pack of products slated to hit the market starting this year is much superior than the existing model range. The company plans to revamp its entire portfolio by 2015-16. -