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Press Release | January, 2018

VE Commercial Vehicles sells 6083 units in September2017, recording a growth of 25.6%

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) sold 6083units in September2017 as compared to 4843 units in September2016, recording a growth of 25.6%.This includes5934 units of Eicher brand and 149units of Volvo brand.

Following are the key highlights for August 2017:

  • Eicher branded trucks & buses have recorded a total sale of 5934 units in September 2017 (YTD 26272units) as compared to 4734units in September2016 (LYTD 29063 units), recording a growth of 25.3%
  • In the domestic CV market, Eicher branded trucks & buses have recorded sales of 5084units (YTD 22529 units) in September 2017 as compared to 4148 units in September2016 (LYTD 24864 units) representing a growth of 22.6%.
  • On the Exports front, Eicher branded trucks & buses have recorded a total sale of 850units in September 2017 (YTD 3743units) as compared to 586 units in September2016 (LYTD 4199 units) representing a growth of 45.1%
  • Volvo Trucks has recorded sales of 149 units in September 2017 (YTD 324units) as compared to 109 units in September2016 (LYTD 307 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