Press Release | January, 2018

VE Commercial Vehicles sells 3698 units in July 2015

VE Commercial vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) has sold 3698 units in July 2015 (YTD 26846) as compared to 3402 units in July 2014 (LYTD 24878) recording a growth of 8.7% (YTD Growth of 7.9%). This includes 3652 units of Eicher brand and 46 units of Volvo brand.

The following are the key highlights for July 2015

  • Eicher branded trucks and buses have recorded total sales of 3652 units in July 2015(YTD 26278) as compared to 3341 units in July 2014(LYTD 24461), representing a growth of 9.3% (YTD Growth of 7.4%).
  • In the domestic CV market ( 5T and Above), Eicher Trucks and Buses have recorded sales of 3050 units in July 2015 (YTD 23470) as compared to 2955 units (LYTD 20976) in July 2014, representing a growth of 3.2% (YTD Growth of 11.9%)
  • On the Exports front Eicher Trucks and Buses have recorded sales of 602 units in July 2015 (YTD 2808) as compared to 386 units in July 2014 (LYTD 3485) representing a growth of 56%.
  • Volvo trucks have recorded sales of 46 units in July 2015(YTD 568) as compared to 61 units (LYTD 417) in July 2014, representing YTD growth of 36%.

Disclaimer: All statements included or incorporated by reference in this media release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry, management's beliefs and certain assumptions made by us. Although VE Commercial Vehicles believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which such statement was made, and VE Commercial Vehicles undertakes no obligation to Update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits can be derived from them.

About VE Commercial Vehicles Limited (VECV):

VE Commercial Vehicles Limited (VECV) is a joint venture between the Volvo Group and Eicher Motors Limited. In operation since July 2008, the company includes the complete range of Eicher branded trucks and buses, exclusive distribution of Volvo Trucks in India, engine manufacturing and exports for Volvo Group, nonautomotive engines and Eicher component business. A multi-brand, multi-division company, backed by innovative products & services, VECV today, is recognised as an industry leader for modernizing commercial transportation in India and developing world.

For more information please visit our website:
www.vecv.in www.eichertrucksandbuses.com
For further information, please contact:
Disha Sharma
Corporate Communications, VECV
Laveena Vohra
Archetype