Press Release | April, 2019

VE Commercial Vehicles sells 8676 units in March 2019

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales of 8676 units in March 2019 as compared to 9411 units in March 2018, recording a decline of 7.8%. This includes 8545 units of Eicher brand and 131 units of Volvo brand.

Following are the key highlights for March 2019:

  • Eicher branded trucks & buses have recorded sales of 8545 units in March 2019 (YTD 71743 units) as compared to 9245 units in March 2018 (LYTD 64877 units), representing a decline of 7.6% (YTD growth at 10.6%)
  • In the domestic CV market, Eicher branded trucks & buses have recorded sales of 7329 units in March 2019 (YTD 61733 units) as compared to 7980 units in March 2018 (LYTD 55876 units) representing a decline of 8.2% (YTD growth at 10.5%)
  • On the Exports front, Eicher branded trucks & buses have recorded sales of 1216 units in March 2019 (YTD 10010 units) as compared to 1265 units in March 2018 (LYTD 9001 units), representing a decline of 3.9% (YTD growth at 11.2%)
  • Volvo Trucks has recorded sales of 131 units in March 2019 (YTD 1226 units) as compared to 166 units in March 2018 (LYTD 1055 units), representing a decline of 21.1% (YTD growth at 16.2%)

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