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Press Release | January, 2018

VE Commercial Vehicles sells 5068 units in December 2015, recording a robust growth of 44.3%

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) has sold 5068 units in December 2015 (YTD 47497) as compared to 3512 units in December 2014 (LYTD 40783) recording a growth of 44.3% (YTD Growth of 16.5%). This includes 4951 units of Eicher brand and 117 units of Volvo brand.

The following are the key highlights for December 2015

  • Eicher branded trucks and buses have recorded total sales of 4951 units in December 2015 (YTD 46275) as compared to 3398 units in December 2014(LYTD 39892), representing a growth of 45.7% (YTD Growth of 16%).
  • In the domestic CV market ( 5T and Above), Eicher Trucks and Buses have recorded sales of 4114 units in December 2015 (YTD 40416) as compared to 3013 units (LYTD 34068) in December 2014, representing a growth of 36.5% (YTD Growth of 18.6%).
  • On the Exports front Eicher Trucks and Buses have recorded sales of 837 units in December 2015 (YTD 5859) as compared to 385 units (LYTD 5824) ) in December 2014, representing a growth of 117.4% (YTD Growth of 0.6%).
  • Volvo trucks have recorded sales of 117 units in December 2015(YTD 1222) as compared to 114 units (LYTD 891) in December 2014, representing a growth of 2.6% (YTD growth of 37.1%)

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