Eicher sells 3690 units in Feb 2013
The following are the key highlights for Feb 2013:
Eicher branded trucks and buses have recorded sales of 3690 units in Feb 2013 as compared to 4436 units in Feb 2012, representing a drop of 16.8%.. The YTD 2013 sales stand at 7426 units as compared to YTD 2012 sales of 8144 units, representing a drop of 8.8%.
In the domestic CV Market (5T and Above), Eicher trucks and buses have recorded sales of 3538 units as compared to 4186 units in Feb 2012, representing a drop of 15.5%. YTD 2013 sales stand at 7176 units as compared to YTD 2012 sales of 7737 units, representing a drop of 7.3%.
- In the Light and medium duty truck segment (5-14T), the sales stand at 2361 units as against 2994 units in Feb 2012, representing a drop of 21.1%. YTD 2013 sales stand at 4819 units as compared to YTD 2012 sales of 5601 units, representing a drop of 14%.
- In the bus segment, the Feb 2013 sales stand at 618 units as compared to 598 units in Feb 2012 representing a growth of 3.3%. The YTD 2013 sales stand at 1124 units as compared to YTD 2012 sales of 963 units, representing a growth of 16.7%.
- In the heavy duty truck segment, the sales stand at 559 units as against 594 units in Feb 2012, representing a drop of 5.9%. YTD Eicher HD sales stand at 1233 units as compared to YTD 2012 sales of 1173 units, representing a growth of 5.1%.
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.