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Press Release | January, 2018

VE Commercial Vehicles sells 6087 units in December 2017, recording a growth of 49.5%

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) sold 6087units in December2017 as compared to 4071 units in December2016, recording a growth of 49.5%.This includes5955 units of Eicher brand and 132units of Volvo brand.

Following are the key highlights for December2017:

  • Eicher branded trucks & buses have recorded a total sale of 5955 units in December 2017 (YTD 42120units) as compared to 3969units in December2016 (LYTD 40546 units), recording a growth of 50%.
  • In the domestic CV market, Eicher branded trucks & buses have recorded sales of 5045units (YTD 36099 units) in December2017 as compared to 3269 units in December2016 (LYTD 34395 units) representing a growth of 54.3%
  • On the Exports front, Eicher branded trucks & buses have recorded a total sale of 910units inDecember2017 (YTD 6021units) as compared to 700 units in December2016 (LYTD 6151units) representing a growth of 30%
  • Volvo Trucks has recorded sales of 132 units in December2017 (YTD 707units) as compared to 102 units in December2016 (LYTD 738 units), recording a growth of 29.4%.

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