VE Commercial Vehicles sells 11242 units in March 2024

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales of 11242 units in March 2024 as compared to 11906 units in March 2023. This includes 10986 units of Eicher brand and 256 units of Volvo brand.

Following are details for March 2024:

• Eicher branded trucks & buses have recorded sales of 10986 units in March 2024 as compared to 11677 units in March 2023 representing a decline of 5.9%.
• In the domestic CV market, Eicher branded trucks & buses have recorded sales of 10525 units in March 2024 as compared to 11263 units in March 2023, representing a decline of 6.6%.
• On the Exports front, Eicher branded trucks & buses recorded sales of 461 units in March 2024 as compared to 414 units in March 2023, representing a growth of 11.4 %.
• Volvo Trucks and Volvo Buses have recorded sales of 256 units in March 2024 as compared to 229 units in March 2023, representing a growth of 11.8%.

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.