VE Commercial Vehicles sells 6069 units in August 2018, recording a growth of 32.7%
VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales 6069 units in August 2018 as compared to 4571 units in August 2017, recording a growth of 32.7%. This includes 5948 units of Eicher brand and 121 units of Volvo brand.
Following are the key highlights for August 2018:
- Eicher branded trucks & buses have recorded sales of 5948 units in August 2018 (YTD 27993 units) as compared to 4521 units in August 2017 (LYTD 20342 units), representing a growth of 31.6%.
- In the domestic CV market, Eicher branded trucks & buses have recorded sales of 4843 units in August 2018 (YTD 24155 units) as compared to 3818 units in August 2017 (LYTD 17449 units) representing a growth of 26.8%.
- On the Exports front, Eicher branded trucks & buses have recorded sales of 1105 units in August 2018 (YTD 3838 units) as compared to 703 units in August 2017 (LYTD 2893 units), representing a growth of 57.2%.
- Volvo Trucks has recorded sales of 121 units in August 2018 (YTD 367 units) as compared to 50 units in August 2017 (LYTD 175 units), representing a growth of 142%.
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.