Eco City Vehicles Plc, which supplies the Mercedes Vito to London taxi drivers, will seek to exploit opportunities after competitor Manganese Bronze Holdings Plc recalled 400 cabs and suspended trading of new models.
“The main priority for me is to preserve our market share and to take advantage should advantage present itself,” Peter DaCosta, chief financial officer of London-based Eco City, said in a phone interview today. “If opportunity presents itself, I want my shareholders to benefit from it.”
Eco City will evaluate the repercussions of the recall before deciding whether to increase advertising efforts, DaCosta said. Eco City’s sales increased 116 percent to 324 vehicles in the first half.
Manganese, the biggest supplier of London black cabs, recalled the vehicles because of a fault in the steering box, which has been provided by a new supplier since February, the Coventry, England-based company said in a statement today, without identifying the supplier.