VE Commercial Vehicles sells 5906 units in January 2019
VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales of 5906 units in January 2019 as compared to 6801 units in January 2018, recording a decline of 13.2%. This includes 5808 units of Eicher brand and 98 units of Volvo brand.
Following are the key highlights for January 2019:
- Eicher branded trucks & buses have recorded sales of 5808 units in January 2019 (YTD 56929 units) as compared to 6712 units in January 2018 (LYTD 48836 units), representing a decline of 13.5% (YTD growth at 16.6%)
- In the domestic CV market, Eicher branded trucks & buses have recorded sales of 5177 units in January 2019 (YTD 49066 units) as compared to 6010 units in January 2018 (LYTD 42113 units) representing a decline of 13.9% (YTD growth at 16.5%)
- On the Exports front, Eicher branded trucks & buses have recorded sales of 631 units in January 2019 (YTD 7863 units) as compared to 702 units in January 2018 (LYTD 6723 units), representing a decline of 10.1% (YTD growth at 17%)
- Volvo Trucks has recorded sales of 98 units in January 2019 (YTD 935 units) as compared to 89 units in January 2018 (LYTD 796 units), representing a growth of 10.1% (YTD growth at 17.5%)
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.
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.