AMW - Asia MotorWorks - Heavy Commercial Vehicles
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AMW wins Tipper of the Year award
AMW Motors Ltd won the “tipper of the year award for 2528 Rock Body tipper at the Apollo CV awards function held In Mumbai on January 7, 2013.
Mr. A. Ramasubramanian President AMW Motors LTD and Mr. R.C. Mangal CMO AMW Motors LTD received the Award. The award recognizes the achievement of the Company in creating specialized and customized products for India’s mining industry. This is AMW’s fifth award from the publishers of CV magazine, with earlier awards in the categories of products as well as innovation.
AMW had showcased the 2528 Rock Body Tipper at IMME 2012 held In Kolkata in December 2102 after successful operations in the extremely difficult and arduous green marble mines in Udaipur, Rajasthan and coal mines in Orissa. The 2528 Rock Body Tipper is highly fuel efficient , reliable and productive and offers up to 6% extra savings in mining transportation costs.
Mr. Anirudh Bhuwalka said, “We are pleased at this recognition, as it reinforces our commitment to offer best in class products to our customers. We have always believed that creating industry and segment specific solutions are major contributors to our customers’ and our success. The award is a reiteration of that belief.”
AMW has introduced products that are customized to the highly demanding construction segment as well as other sectors such as road and dam building and other allied infrastructure segments. Built to provide higher efficiency and increased productivity, the products are ideal for a large range of applications. A trend-setting “ready-to-use” air-conditioned cabin now comes as a standard fitment in all AMW trucks.
AMW wins Tipper of the Year award
AMW Motors Ltd won the “tipper of the year award for 2528 Rock Body tipper at the Apollo CV awards function held In Mumbai on January 7, 2013.
Mr. A. Ramasubramanian President AMW Motors LTD and Mr. R.C. Mangal CMO AMW Motors LTD received the Award. The award recognizes the achievement of the Company in creating specialized and customized products for India’s mining industry. This is AMW’s fifth award from the publishers of CV magazine, with earlier awards in the categories of products as well as innovation.
AMW had showcased the 2528 Rock Body Tipper at IMME 2012 held In Kolkata in December 2102 after successful operations in the extremely difficult and arduous green marble mines in Udaipur, Rajasthan and coal mines in Orissa. The 2528 Rock Body Tipper is highly fuel efficient , reliable and productive and offers up to 6% extra savings in mining transportation costs.
Mr. Anirudh Bhuwalka said, “We are pleased at this recognition, as it reinforces our commitment to offer best in class products to our customers. We have always believed that creating industry and segment specific solutions are major contributors to our customers’ and our success. The award is a reiteration of that belief.”
AMW has introduced products that are customized to the highly demanding construction segment as well as other sectors such as road and dam building and other allied infrastructure segments. Built to provide higher efficiency and increased productivity, the products are ideal for a large range of applications. A trend-setting “ready-to-use” air-conditioned cabin now comes as a standard fitment in all AMW trucks.
AMW wins Tipper of the Year award
AMW approaches lenders for recasting debt of Rs 800 cr
Loss-making heavy truck maker Asia Motor Works ( that came as a surprise to me) has said it has approached its lenders to restructure Rs 800 crore of its debt.
"We have approached our lenders for restructuring around Rs 800 crore of our debt. We hope it works out," company's Managing Director Aniruddh Bhuwalka told PTI.
He, however, did not reveal details like the total debt or the name of lenders, saying AMW, which is the third largest truck maker in the country, is a privately held concern.
However, it is learnt that Chennai-based Indian Overseas Bank (IOB) is the lead lender to the troubled company.
This, however, could not be independently verified with IOB as its Chairman and Managing Director M Narendra was not immediately available for comments.
Asia Motor Works (AMW) is also believed to have borrowed from six other public sector banks.
Explaining the reason for knocking on doors of lenders with a CDR request, Bhuwalka said, "This fiscal so far, my sales have fallen by over 50 per cent. Neither I see some greenshoots coming in the near future. So, to secure the business as a whole, this is the best available options in front of me".
AMW, which manufactures mining trucks and construction equipment, has been hit hard in the economic slowdown. Its business got impacted as construction activities have been hardly taking place of late, especially in the large infra sectors like roads.
Last year, it had put on hold its fund-raising plans through private equity.
Other than trucks, the company also manufactures components for the automotive and general engineering industries.
The company is the largest single-location plant for wheel rims in Asia. While its trucks, all of which have AC cabins, the first in the country, are priced 15-20 per cent above Tata and Leyland, they are over 50 per cent cheaper than Volvo.
AMW, which sold 10,000 trucks last fiscal, claims an overall market share of 6 per cent and 25 per cent in mining and construction equipment segment of the truck business, respectively.
It also exports to the Saarc region and has plans to enter the Middle East and North African region with its new generation products.
AMW approaches lenders for recasting debt of Rs 800 cr - The Economic Times
Loss-making heavy truck maker Asia Motor Works ( that came as a surprise to me) has said it has approached its lenders to restructure Rs 800 crore of its debt.
"We have approached our lenders for restructuring around Rs 800 crore of our debt. We hope it works out," company's Managing Director Aniruddh Bhuwalka told PTI.
He, however, did not reveal details like the total debt or the name of lenders, saying AMW, which is the third largest truck maker in the country, is a privately held concern.
However, it is learnt that Chennai-based Indian Overseas Bank (IOB) is the lead lender to the troubled company.
This, however, could not be independently verified with IOB as its Chairman and Managing Director M Narendra was not immediately available for comments.
Asia Motor Works (AMW) is also believed to have borrowed from six other public sector banks.
Explaining the reason for knocking on doors of lenders with a CDR request, Bhuwalka said, "This fiscal so far, my sales have fallen by over 50 per cent. Neither I see some greenshoots coming in the near future. So, to secure the business as a whole, this is the best available options in front of me".
AMW, which manufactures mining trucks and construction equipment, has been hit hard in the economic slowdown. Its business got impacted as construction activities have been hardly taking place of late, especially in the large infra sectors like roads.
Last year, it had put on hold its fund-raising plans through private equity.
Other than trucks, the company also manufactures components for the automotive and general engineering industries.
The company is the largest single-location plant for wheel rims in Asia. While its trucks, all of which have AC cabins, the first in the country, are priced 15-20 per cent above Tata and Leyland, they are over 50 per cent cheaper than Volvo.
AMW, which sold 10,000 trucks last fiscal, claims an overall market share of 6 per cent and 25 per cent in mining and construction equipment segment of the truck business, respectively.
It also exports to the Saarc region and has plans to enter the Middle East and North African region with its new generation products.
AMW approaches lenders for recasting debt of Rs 800 cr - The Economic Times
Trucks are really awesome!
![[clap]](https://www.theautomotiveindia.com/forums/images/smilies/Clap.gif "Clap [clap]")
This kind of heavy hauling truck is my dream truck.
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amw has also launched its FE multiaxle , the first time of that type in india
check this ashok leyland multiaxle bus
check this ashok leyland multiaxle bus
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AMW was into Desert Storm. No Tata/ALL dared such a move so far.
AMW 4923 TR Rally Truck - Truck off!
Fake. PS job of Antony Vargeese of Bus Kerala FB group.
AMW 4923 TR Rally Truck - Truck off!
Fake. PS job of Antony Vargeese of Bus Kerala FB group.
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