VE Commercial Vehicles (a Volvo Group and Eicher Motors joint venture) recorded sales of 6622 units in July 2024 as compared to 5877 units in July 2023, a growth of 12.7%. This includes 6444 units of Eicher brand and 178 units of Volvo brand.
Following are details for July 2024:
Eicher branded trucks & buses have recorded sales of 6444 units in July 2024 as compared to 5736 units in July 2023 representing a growth of 12.3%.
In the domestic CV market, Eicher branded trucks & buses have recorded sales of 6044 units in July 2024 as compared to 5311 units in July 2023, representing a growth of 13.8%.
On the Exports front, Eicher branded trucks & buses recorded sales of 400 units in July 2024 as compared to 425 units in July 2023, representing a decline of 5.9%.
Volvo Trucks and Volvo Buses recorded sales of 178 units in July 2024 as compared to 141 units in July 2023, representing a growth of 26.2%.
VE Commercial Vehicles Limited (VECV) is a joint venture between the Volvo Group and Eicher Motors Limited. In operation since December 2008, the company includes the complete range of Eicher branded trucks and buses, Volvo Buses, exclusive distribution of Volvo Trucks in India, engine manufacturing and exports for Volvo Group, non-automotive engines and Eicher component business. A multi-brand, multi-division company, backed by innovative products & services, VECV today, is recognized as an industry leader for modernizing commercial transportation in India and developing world.
