Eicher sells 3207 units in Aug 2013
The following are the key highlights for Aug 2013:
Eicher branded trucks and buses have recorded sales of 3207 units in Aug 2013 as compared to 3909 units in Aug 2012, representing a drop of 18%. The YTD 2013 sales stand at 29651 units as compared to LYTD 2012 sales of 33570 units, representing a drop of 11.7%.
- In the domestic CV Market ( 5T and Above), Eicher trucks and buses have recorded sales of 2757 units as compared to 3712 units in Aug 2012, representing a drop of 25.7%. YTD 2013 sales stand at 27952 units as compared to YTD 2012 sales of 31889 units, representing a drop of 12.3%.
- On the Exports front Eicher Trucks and Buses have recorded sales of 450 units in Aug 2013 as compared to 197 units in Aug 2012, representing a growth of 128%. YTD 2013 sales stand at 1699 units as compared to YTD 2012 sales of 1681 units representing a growth of 1.1%
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.
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.