in an interview with et now vinod agarwal ceo ve commercial vehicles eicher shares his business outlook excerpts et now your commercial vehicles division saw a 14 rise in january will this trend continue vinod agarwal it is on the back of our very good performance in 2015 during the year commercial vehicles grew by 25 and cvs by 510 heavyduty trucks grew by 40 in january et now tell us about your product launches in this auto expo what is the pipeline going to look like in the next 23 quarters vinod agarwal at the auto expo this time the focus has been on newer technologies we have launched a hybrid volvo eicher bus apart from that we have launched eicher live which is very advanced telematics it offers vehicle tracking features as well as fuel and uptime management services the fuel management service will help trucking companies to track fuel efficiency of each truck driver wise trip wise as well as route wise it will enable them to do proactive preventive maintenance of trucks that apart we have launched our new 37tonne truck it comes with dual torque cruise control as well as advance telematics by 2020 vecv will be ready for euro vi et now interest rates and diesel prices are not coming down banks havent transmitted rbis rate cuts it that a challenge for you can it upset some of your key assumptions vinod agarwal as regards interest rates the most important factor is that unless the small saving rates public provident fund or fixed deposit rates come down banks are going to pass on the benefit to customers thats because their cost of funds continues to remain high that is basically why rbis 125bps cut has not been fully passed on yet i think banks are waiting for the government to reduce some of these small savings rates as for your question interest rates remaining high is definitely a challenge for both us and customers et now if other states choose to follow delhis lead and put constraints on diesel vehicles could that pose a challenge for you in coming quarters vinod agarwal the older vehicles are the bigger culprits cars featuring newer tech or even euro iv norms dont cause much emission so the stress should ideally be on moving to euro vi i think the government should focus more on implementing a policy to scrap older vehicles those over 1215 years old that will encourage customers are encouraged to replace older vehicles which causes much more pollution than older cars et now published on feb 8 2016 at 1153 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a