Press Release | January, 2018

VE Commercial Vehicles sells 4573 units in May 2017

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) has sold 4573 units in May 2017 as compared to 5771 units in May 2016 recording an overall decline of 20.8%. The May 2017 sales figure includes 4539 units of Eicher brand and 34 units of Volvo brand.

Following are the key highlights for May 2017

  • Eicher branded trucks & buses have recorded total sales of 4539 units in May 2017 (YTD 7616 units) as compared to 5710 units in May 2016 (LYTD 11036 units) representing a decline of 20.5%.
  • In the domestic CV market, Eicher branded trucks & buses have recorded sales of 3953 units (YTD 6531) in May 2017 as compared to 4705 units in May 2016 (LYTD 9346 units) representing a decline of 16.0%
  • On the Exports front, Eicher branded trucks & buses recorded a total sale of 586 units in May 2017 (YTD 1085 units) as compared to 1005 units in May 2016 (LYTD 1690 units) representing a decline of 41.7%
  • Volvo Trucks has recorded sales of 34 units in May 2017 (YTD 46 units) as compared to 61 units in May 2016 (LYTD 100 units) representing a decline of 44.3%

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