VE Commercial Vehicles sells 5977 units in May 2018, recording a growth of 30.7%
VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales 5977 units in May 2018 as compared to 4573 units in May 2017, recording a growth of 30.7%. This includes 5874 units of Eicher brand and 103 units of Volvo brand.
Following are the key highlights for May 2018:
- Eicher branded trucks & buses have recorded sales of 5874 units in May 2018 (YTD 9813 units) as compared to 4539 units in May 2017 (LYTD 7616 units), representing a growth of 29.4%.
- In the domestic CV market, Eicher branded trucks & buses have recorded sales of 5268 units May 2018 (YTD 8657 units) as compared to 3953 units in May 2017 (LYTD 6531 units) representing a stellar growth of 33.3%.
- On the Exports front, Eicher branded trucks & buses have recorded sales of 606 units in May 2018 (YTD 1156 units) as compared to 586 units in May 2017 (LYTD 1085 units), representing a growth of 3.4%.
- Volvo Trucks has recorded sales of 103 units in May 2018 (YTD 123 units) as compared to 34 units in May 2017 (LYTD 46 units), representing a growth of over 202%.
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.