Press Release | March, 2018

Eicher sells 2244 units in Nov 2013

The following are the key highlights for Nov 2013

Eicher branded trucks and buses have recorded sales of 2244 units in Nov 2013 as compared to 3565 units in Nov 2012, representing a drop of 37.1%. The YTD 2013 sales stand at 37743 units as compared to LYTD 2012 sales of 44230 units, representing a drop of 14.7%.

  • In the domestic CV Market ( 5T and Above), Eicher trucks and buses have recorded sales of 1928 units as compared to 3418 units in Nov 2012, representing a drop of 43.6%. YTD 2013 sales stand at 34878 units as compared to YTD 2012 sales of 42163 units, representing a drop of 17.3%.
  • On the Exports front Eicher Trucks and Buses have recorded sales of 316 units in Nov 2013 as compared to 147 units in Nov 2012, representing a growth of 115%. YTD 2013 sales stand at 2865 units as compared to YTD 2012 sales of 2067 units representing a growth of 38.6%

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