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Press Release | November, 2018

VE Commercial Vehicles sells 5980 units in October 2018, recording a growth of 14.4%

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales of 5980 units in October 2018 as compared to 5228 units in October 2017, recording a growth of 14.4%. This includes 5826 units of Eicher brand and 154 units of Volvo brand.

Following are the key highlights for October 2018:

  • Eicher branded trucks & buses have recorded sales of 5826 units in October 2018 (YTD 40407 units) as compared to 5166 units in October 2017 (LYTD 31442 units), representing a growth of 12.8%.
  • In the domestic CV market, Eicher branded trucks & buses have recorded sales of 5121 units in October 2018 (YTD 34961 units) as compared to 4463 units in October 2017 (LYTD 26996 units) representing a growth of 14.7%.
  • On the Exports front, Eicher branded trucks & buses have recorded sales of 705 units in October 2018 (YTD 5446 units) as compared to 703 units in October 2017 (LYTD 4446 units), representing a growth of 0.3%
  • Volvo Trucks has recorded sales of 154 units in October 2018 (YTD 596 units) as compared to 62 units in October 2017 (LYTD 386 units), representing a growth of 148.4%.

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