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Press Release | January, 2018

VE Commercial Vehicles sells 4248 units in September 2015, recording a robust growth of 27.7%

VE Commercial vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) has sold 4248 units in September 2015 (YTD 34805) as compared to 3326 units in September 2014 (LYTD 31291) recording a growth of 27.7% (YTD Growth of 11.2%). This includes 4047 units of Eicher brand and 201 units of Volvo brand

The following are the key highlights for September 2015

  • Eicher branded trucks and buses have recorded total sales of 4047 units in September 2015(YTD 33936) as compared to 3176 units in September 2014(LYTD 30664), representing a growth of 27.4% (YTD Growth of 10.7%).
  • In the domestic CV market ( 5T and Above), Eicher Trucks and Buses have recorded sales of 3452 units in September 2015 (YTD 29931) as compared to 2781 units (LYTD 26328) in September 2014, representing a growth of 24.1% (YTD Growth of 13.7%)
  • On the Exports front Eicher Trucks and Buses have recorded sales of 595 units in September 2015 (YTD 4005) as compared to 395 units in September 2014 (LYTD 4336) representing a growth of 50.6%.
  • Volvo trucks have recorded sales of 201 units in September 2015(YTD 869) as compared to 150 units (LYTD 627) in September 2014, representing a growth of 34% (YTD growth of 39%).

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