Press Release | January, 2018

VE Commercial Vehicles sells 4163 units in June 2015

VE Commercial vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) has sold 4163 units in June 2015 (YTD 23148) as compared to 4242 units in June 2014 (LYTD 21476) recording a YTD Growth of 7.8%. This includes 4063 units of Eicher brand and 100 units of Volvo brand.

The following are the key highlights for June 2015

  • Eicher branded trucks and buses have recorded total sales of 4063 units in June 2015(YTD 22626) as compared to 4187 units in June 2014(LYTD 21120), representing a YTD Growth of 7.1%.
    • In the domestic CV market ( 5T and Above), Eicher Trucks and Buses have recorded sales of 3537 units in June 2015 (YTD 20420) as compared to 3474 units (LYTD 18021) in June 2014, representing a growth of 2% (YTD Growth of 13.3%)
    • On the Exports front Eicher Trucks and Buses have recorded sales of 526 units in June 2015(YTD 2206) as compared to 713 units in June 2014(LYTD 3099).
  • Volvo trucks have recorded sales of 100 units in June 2015(YTD 522) as compared to 55 units (LYTD 356) in June 2014, a growth of 81.8% (YTD Growth of 46.6%)

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