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News World of <strong>MAN</strong><br />
After coming to an agreement with its <strong>In</strong>dia partner Force Motors,<br />
<strong>MAN</strong> will take over <strong>the</strong> two companies’ joint venture <strong>MAN</strong> Force<br />
Trucks Pvt. Ltd. The 50:50 joint venture will become an <strong>MAN</strong> Truck<br />
& Bus subsidiary, allowing <strong>MAN</strong> Truck & Bus to expand its operations<br />
in <strong>In</strong>dia, where <strong>the</strong> tough, heavy-duty CLA series is in high demand.<br />
The product range in <strong>In</strong>dia, consisting of chassis, construction-site<br />
dumper trucks (see image) and semi-trailer trucks for long distance<br />
haulage, is also exported to o<strong>the</strong>r Asian countries and Africa.<br />
4<br />
<strong>inmotion</strong><br />
1|2012<br />
<strong>In</strong>dia’s growing market<br />
<strong>MAN</strong> pushes ahead with CLA series<br />
A busy street in <strong>In</strong>dia: The country is a future growth market for<br />
<strong>MAN</strong> Truck & Bus and its robust CLA series (large picture).<br />
<strong>MAN</strong> is planning long-term investment in its new subsidiary with a<br />
view to increasing its market share in <strong>In</strong>dia, a country experiencing<br />
strong growth. <strong>MAN</strong> Truck & Bus CEO Dr Georg Pachta-Reyhofen<br />
says: “We have benefitted enormously from our partnership with<br />
Force Motors. Its expertise, market knowledge and established<br />
working relationships with local suppliers were invaluable in <strong>the</strong><br />
initial phases. We now want to continue building up <strong>the</strong> business<br />
on our own.”<br />
Top results for 2011<br />
A new record: Revenue up 19 percent<br />
No wonder <strong>the</strong> management team are beaming: At <strong>the</strong> annual press conference in<br />
mid-February CEO Dr Georg Pachta-Reyhofen (second from right) had some very<br />
good news and impressive figures to announce. <strong>In</strong> 2011 global commercial vehicle<br />
sales rose to €12.6 billion, a 19 percent increase on 2010. The total number of trucks<br />
and buses sold was 155,520, boosting profits by 7.7 percent. Ano<strong>the</strong>r success was <strong>the</strong><br />
increase in <strong>MAN</strong>’s share of <strong>the</strong> market in trucks over six tonnes: <strong>MAN</strong> now controls<br />
around 18 percent of <strong>the</strong> European market, putting it in second place. It is <strong>the</strong> market<br />
leader in Brazil, Austria, Poland, Hungary, Romania and Croatia.
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