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Press Release | January, 2018

VE Commercial Vehicles sells 3711 units in August 2015, recording growth of 20.2%

VE Commercial vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) has sold 3711 units in August 2015 (YTD 30557) as compared to 3087 units in August 2014 (LYTD 27965) recording a growth of 20.2% (YTD Growth of 9.3%). This includes 3611 units of Eicher brand and 100 units of Volvo brand.

The following are the key highlights for August 2015

  • Eicher branded trucks and buses have recorded total sales of 3611 units in August 2015(YTD 29889) as compared to 3027 units in August 2014(LYTD 27488), representing a growth of 19.3% (YTD Growth of 8.7%).
  • In the domestic CV market ( 5T and Above), Eicher Trucks and Buses have recorded sales of 3009 units in August 2015 (YTD 26479) as compared to 2571 units (LYTD 23547) in August 2014, representing a growth of 17% (YTD Growth of 12.5%)
  • On the Exports front Eicher Trucks and Buses have recorded sales of 602 units in August 2015 (YTD 3410) as compared to 456 units in August 2014 (LYTD 3941) representing a growth of 32%.
  • Volvo trucks have recorded sales of 100 units in August 2015(YTD 668) as compared to 60 units (LYTD 477) in August 2014, representing a growth of 67% (YTD growth of 40%).

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