Press Release | January, 2018

VE Commercial Vehicles sells 3921 units in June 2017

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) has sold 3921 units in June 2017 as compared to 4935 units in June 2016 recording an overall decline of 20.5%. The June 2017 sales figure includes 3885 units of Eicher brand and 36 units of Volvo brand.

Following are the key highlights for June 2017

  • Eicher branded trucks & buses have recorded total sales of 3885 units in June 2017 (YTD 11501 units) as compared to 4878 units in June 2016 (LYTD 15914 units) representing a decline of 20.4%.
  • In the domestic CV market, Eicher branded trucks & buses have recorded sales of 3382 units (YTD 9913) in June 2017 as compared to 4256 units in June 2016 (LYTD 13602 units) representing a decline of 20.5%
  • On the Exports front, Eicher branded trucks & buses recorded a total sale of 503 units in June 2017 (YTD 1588 units) as compared to 622 units in June 2016 (LYTD 2312 units) representing a decline of 19.1%
  • Volvo Trucks has recorded sales of 36 units in June 2017 (YTD 82 units) as compared to 57 units in June 2016 (LYTD 157 units) representing a decline of 36.8%

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