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Press Release | January, 2018

VE Commercial Vehicles sells 3985 units in October 2015, recording a solid growth of 29.2%

VE Commercial vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) has sold 3985 units in October 2015 (YTD 38790) as compared to 3084 units in October 2014 (LYTD 34375) recording a growth of 29.2% (YTD Growth of 12.8%). This includes 3854 units of Eicher brand and 131 units of Volvo brand.

The following are the key highlights for October 2015

  • Eicher branded trucks and buses have recorded total sales of 3854 units in October 2015 (YTD 37790) as compared to 3052 units in October 2014(LYTD 33716), representing a growth of 26.3% (YTD Growth of 12.1%).
  • In the domestic CV market ( 5T and Above), Eicher Trucks and Buses have recorded sales of 3466 units in October 2015 (YTD 33397) as compared to 2494 units (LYTD 28822) in October 2014, representing a growth of 39% (YTD Growth of 15.9%)
  • On the Exports front Eicher Trucks and Buses have recorded sales of 388 units in October 2015 (YTD 4393) as compared to 558 units in October 2014 (LYTD 4894).
  • Volvo trucks have recorded sales of 131 units in October 2015(YTD 1000) as compared to 32 units (LYTD 659) in October 2014, representing a growth of 309% (YTD growth of 52%).

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