Page 16 - Construction_Opportunities_December_2024

COVER STORY

Parts Distributors, Exclusive Parts Stores (ALRPS), AL Parts Retailers cluster in real time to track their vehicles’ health and performance.
and AL Mechanics, all of which are seamlessly integrated with Daimler India Commercial Vehicles (DICV), a wholly owned
the Uptime Center. This network integration guarantees effective subsidiary of Daimler Truck AG (“Daimler Truck”), has announced
coordination and communication, facilitating quick repairs, easy a strategic partnership with Bajaj Finance, part of Bajaj Finserv
access to parts, and improved service assistance. Group, one of India’s largest financial conglomerates to offer
In the Commercial Vehicle and Logistics industry, there is a tailored financing solutions for its commercial vehicle customers
common saying that earnings only happen when the vehicles and dealerships. This collaboration aims to enhance the
wheels are turning. Eicher Trucks & Buses, a business unit of VE accessibility and convenience of financing options across DICV’s
Commercial Vehicles, has been setting benchmarks in providing a entire commercial vehicle portfolio. As per the Memorandum of
connected ecosystem to its customers through 100% connected Understanding (MoU) signed by DICV and Bajaj Finance, innovative
vehicles supported by industry first uptime centre and first-of-its-kind financial products will be specifically designed to meet the diverse
next-generation fleet management app, My Eicher. Successfully needs of DICV’s growing customer base, enhancing flexibility for
serving, 1,15,000 customers across India, MyEicher now connects businesses looking to acquire commercial vehicles.
over 2,75,000 trucks and buses to Eicher’s Uptime Center. Sreeram Venkateswaran, President & Chief Business Officer,
With three key functions including enhanced fleet management Daimler India Commercial Vehicles, said, “We are delighted to
support, superior uptime assistance, and smart fleet solutions, partner with Bajaj Finance, as this enables
the award winning MyEicher app acts as a centralized platform us to offer enhanced and accessible
for services addressing customer needs through their vehicle financing solutions to our customers.
ownership journey. The key services include in-depth fleet This collaboration strengthens DICV’s
health assessment, efficient fuel management, comprehensive ability to provide superior Total Cost of
fleet insights, superior aftermarket services and systematic trip Ownership (TCO), representing a significant
management services. To ensure excellent fleet health, Eicher’s advancement in our commitment to
industry-first Uptime Centre tracks all the connected vehicles deliver exceptional value and support. This partnership helps our
24×7 to monitor driving conditions and vehicle health. Through customers grow their businesses with confidence and capitalize
its Artificial Intelligence (AI) and Machine Learning (ML) powered on new market opportunities.”
predictive diagnostics service, Eicher experts can detect The partnership will offer customer-focused finance solutions
potential damage to the vehicle in its running conditions and with faster turnaround times for loan approvals, streamlined
alert customers through call and predictive uptime alerts via My credit appraisal processes, and customized financing options
Eicher App. Customers also receive information about the nature to suit various customer needs. Bajaj Finance will provide a
of the fault, recommended action (through videos & documents) comprehensive range of finance products with flexible terms
and status of the support issue. They can view the live vehicle and conditions to cater to different business requirements.

16 CONSTRUCTION OPPORTUNITIES|DECEMBER 2024