Press Release | October, 2021

VE Commercial Vehicles sells 6070 units in September 2021

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales of 6070 units in September 2021 (YTD 20940 units) as compared to 3506 units in September 2020 (LYTD 10296), recording growth of 73.1% (YTD growth 103.4%). This includes 6014 units of Eicher brand and 56 units of Volvo brand.

Following are the key highlights for September 2021:

  • Eicher branded trucks & buses have recorded sales of 6014 units in September 2021 (YTD 20515 units), as compared to 3450 units in September 2020 (LYTD 10086 units), representing a growth of 74.3% (YTD growth of 103.4 %).
  • In the domestic CV market, Eicher branded trucks & buses have recorded sales of 5226 units in September 2021 (YTD 16614 units) as compared to 2940 units in September 2020 (LYTD 8348), representing a growth of 77.8% (YTD growth of 99%).
  • On the Exports front, Eicher branded trucks & buses have recorded sales of 788 units in September 2021 (YTD 3901 units) as compared to 510 units in September 2020 (LYTD 1738 units), representing a growth of 54.5% (YTD growth of 124.5%).
  • Volvo Trucks and Volvo Buses have recorded sales of 56 units in September 2021 (YTD 425 units) as compared to 56 units in September 2020 (LYTD 210 units), representing a growth of 0% (YTD growth of 102.4%)

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:
Disha Sharma
Corporate Communications, VECV
Laveena Vohra
Archetype