VE Commercial Vehicles sells 5003 units in Aug 2022
VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales of 5003 units in Aug 2022 as compared to 4793 units in August 2021 recording a growth of 4.4%. This includes 4893 units of Eicher brand and 110 units of Volvo brand.
Following are the key highlights for August 2022:
- Eicher branded trucks & buses have recorded sales of 4893 units in August 2022 as compared to 4667 units in August 2021 representing a growth of 4.8%.
- In the domestic CV market, Eicher branded trucks & buses have recorded sales of 4530 units in August 2022 as compared to 3864 units in August 2021, representing a growth of 17.2%. ? On the Exports front, Eicher branded trucks & buses have recorded sales of 363 units in August 2022 as compared to 803 units in August 2021, representing a decline of 54.8%
- Volvo Trucks and Volvo Buses have recorded sales of 110 units in August 2022 as compared to 126 units in August 2021, representing a decline of 12.7%.
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.