VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales of 5982 units in July 2022 as compared to 4271 units in July 2021 recording a growth of 40.1%. This includes 5861 units of Eicher brand and 121 units of Volvo brand.
Following are the key highlights for July 2022:
• Eicher branded trucks & buses have recorded sales of 5861 units in July 2022 as compared to 4193 units in July 2021 representing a growth of 39.8%.
• In the domestic CV market, Eicher branded trucks & buses have recorded sales of 5360 units in July 2022 as compared to 3553 units in July 2021, representing a growth of 50.9%.
• On the Exports front, Eicher branded trucks & buses have recorded sales of 501 units in July 2022 as compared to 640 units in July 2021, representing a decline of 21.7%
• Volvo Trucks and Volvo Buses have recorded sales of 121 units in July 2022 as compared to 78 units in July 2021, representing a growth of 55.1%.
About VE Commercial Vehicles Ltd (VECV): VE Commercial Vehicles Limited (VECV) is a joint venture between the Volvo Group and Eicher Motors Limited. In operation since December 2008, the company includes the complete range of Eicher branded trucks and buses, Volvo Buses, exclusive distribution of Volvo Trucks in India, engine manufacturing and exports for Volvo Group, non-automotive engines and Eicher component business. A multi-brand, multi-division company, backed by innovative products & services, VECV today, is recognized as an industry leader for modernizing commercial transportation in India and developing world.
