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Press Release | January, 2018

VE Commercial Vehicles sells 6753 units in March 2016, recording a robust growth of 50%

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) has sold 6753 units in March 2016 as compared to 4503 units in March 2015 recording a growth of 50.0%. This includes 6633 units of Eicher brand and 120 units of Volvo brand.

The following are the key highlights for March 2016

  • Eicher branded trucks and buses have recorded total sales of 6633 units in March 2016 as compared to 4401 units in March 2015, representing a growth of 50.7%.
  • In the domestic CV market ( 5T and Above), Eicher branded tucks & buses have recorded sales of 5944 units in March 2016 as compared to 4084 units in March 2015, representing a growth of 45.5%
  • On the Exports front Eicher branded tucks & buses have recorded sales of 689 units in March 2016 as compared to 317 units in March 2015, representing a growth of 117.4%.
  • Volvo trucks have recorded sales of 120 units in March 2016 as compared to 102 units in March 2015, representing a growth of 17.6%.

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