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Press Release | October, 2018

VE Commercial Vehicles sells 6390 units in June 2018, recording a growth of 63%

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales 6390 units in June 2018 as compared to 3921 units in June 2017, recording a growth of 63%. This includes 6315 units of Eicher brand and 75 units of Volvo brand.

Following are the key highlights for May 2018:

  • Eicher branded trucks & buses have recorded sales of 6315 units in June 2018 (YTD 16129 units) as compared to 3885 units in June 2017 (LYTD 11501 units), representing a growth of 62.5%.
  • In the domestic CV market, Eicher branded trucks & buses have recorded sales of 5496 units June 2018 (YTD 14154 units) as compared to 3382 units in June 2017 (LYTD 9913 units) representing a growth of 62.5%
  • On the Exports front, Eicher branded trucks & buses have recorded sales of 819 units in June 2018 (YTD 1975 units) as compared to 503 units in June 2017 (LYTD 1588 units), representing a growth of 62.8%
  • Volvo Trucks has recorded sales of 75 units in June 2018 (YTD 198 units) as compared to 36 units in June 2017 (LYTD 82 units), representing a growth of over 108%.

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