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Press Release | January, 2018

VE Commercial Vehicles sells 4515 units in January 2017, recording a growth of 19.8%

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) has sold 4515 units in January 2017 (FYTD 45778) as compared to 3768 units in January 2016 (LFYTD 40240) recording a growth of 19.8% (FYTD Growth of 13.8%). This includes 4449 units of Eicher brand and 66 units of Volvo brand.

Following are the key highlights for January 2017

  • Eicher branded trucks and buses have recorded total sales of 4449 units in January 2017 (FYTD 44974) as compared to 3707 units in January 2016 (LFYTD 39214), representing a growth of 20.0% (FYTD Growth of 14.7%).
  • In the domestic CV market, Eicher branded trucks & buses have recorded sales of 3796 units in January 2017 (FYTD 38168) as compared to 3415 units in January 2016 (LFYTD 34063), representing a growth of 11.2% (FYTD Growth of 12.1%).
  • On the Exports front Eicher branded trucks & buses have recorded sales of 653 units in January 2017 (FYTD 6806) as compared to 292 units in January 2016 (LFYTD 5151), representing a growth of 123.6% (FYTD growth of 32.1%).
  • Volvo trucks have recorded sales of 66 units in January 2017 (FYTD 804) as compared to 61 units in January 2016 (LFYTD 1026), representing a growth of 8.2%.

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