Press Release | May, 2024

VE Commercial Vehicles sells 5377 units in April 2024

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales of 5377 units in April 2024 as compared to 6567 units in April 2023. This includes 5254 units of Eicher brand and 123 units of Volvo brand.

Following are details for April 2024:

  • Eicher branded trucks & buses have recorded sales of 5254 units in April 2024 as compared to 6399 units in April 2023 representing a decline of 17.9%.
  • In the domestic CV market, Eicher branded trucks & buses have recorded sales of 4898 units in April 2024 as compared to 6142 units in April 2023, representing a decline of 20.3%.
  • On the Exports front, Eicher branded trucks & buses recorded sales of 356 units in April 2024 as compared to 257 units in April 2023, representing a growth of 38.5 %.
  • Volvo Trucks and Volvo Buses recorded sales of 123 units in April 2024 as compared to 168 units in April 2023, representing a decline of 26.8%.

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.

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:
Samanvay Sinha
DGM, Brand & Corporate Communications, VECV
Laveena Vohra
Archetype