Yuchai reports strong H1 sales by its subsidiary

China Yuchai International Limited announced yesterday that its subsidiary, Guangxi Yuchai Machinery Company Limited, the leading manufacturer and distributor of diesel engines in China, extended its leadership position in China's diesel engine market in the first half of 2008.
 
All diesel engine product lines showed robust growth. Specifically, compared to the same period last year, unit sales of truck engines increased 19%, bus engines grew 26%, and sales of generator sets rose 32%. 
 
In addition, Yuchai has achieved rapid growth in the urban transportation market. Its National III and National IV engine unit sales rose 310% in the first half of 2008 compared with the same period last year. Yuchai's National III diesel engines has captured approximately 65% of China's total National III bus market, and Yuchai's National IV diesel engines now account for 80% of this bus segment.
 
Also, during the first half of 2008, export units of Yuchai's diesel engines outside of China soared 185% compared with the same period in 2007.
 
China Yuchai also announced that Yuchai was awarded the 5 Star Car Services Award for its excellent after sales service from the China Auto News publication, a division of the People's Daily. Yuchai is one of 15 companies in the car industry that achieved this distinction. Yuchai continues to improve its service offerings with more than 30 offices within China and over 40 branches overseas.
From: PRNewswire

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