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Press Release | January, 2018

VE Commercial Vehicles sells 5228 units in October 2017, recording a growth of 14.6%

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) sold 5228units in October2017 as compared to 4560 units in October2016, recording a growth of 14.6%.This includes5166 units of Eicher brand and 62units of Volvo brand.

Following are the key highlights for October 2017:

  • Eicher branded trucks & buses have recorded a total sale of 5166 units in October 2017 (YTD 31438units) as compared to 4449units in October2016 (LYTD 33512 units), recording a growth of 16.1%
  • In the domestic CV market, Eicher branded trucks & buses have recorded sales of 4463units (YTD 26992 units) in October2017 as compared to 3854 units in October2016 (LYTD 28718 units) representing a growth of 15.8%.
  • On the Exports front, Eicher branded trucks & buses have recorded a total sale of 703units in October2017 (YTD 4446units) as compared to 595 units in October2016 (LYTD 4794units) representing a growth of 18.2%
  • Volvo Trucks has recorded sales of 62 units in October2017 (YTD 386units) as compared to 111 units in October2016 (LYTD 527 units).

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