VE Commercial Vehicles sells 6154 units in December 2021
VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales of 6154 units in December 2021 (YTD 36984 units) as compared to 4892 units in December 2020 (LYTD 23098), recording growth of 25.8% (YTD growth 60.1 %). This includes 6002 units of Eicher brand and 152 units of Volvo brand.
Following are the key highlights for December 2021:
- Eicher branded trucks & buses have recorded sales of 6002 units in December 2021 (YTD 36173 units), as compared to 4687 units in December 2020 (LYTD 22464 units), representing a growth of 28.1% (YTD growth of 61.0%)
- In the domestic CV market, Eicher branded trucks & buses have recorded sales of 5192 units in December 2021 (YTD 29853 units) as compared to 4069 units in December 2020 (LYTD 19320), representing a growth of 27.6% (YTD growth of 54.5%).
- On the Exports front, Eicher branded trucks & buses have recorded sales of 810 units in December 2021 (YTD 6320 units) as compared to 618 units in December 2020 (LYTD 3144 units), representing a growth of 31.1% (YTD growth of 101.0%).
- Volvo Trucks and Volvo Buses have recorded sales of 152 units in December 2021 (YTD 811 units) as compared to 205 units in December 2020 (LYTD 634 units), representing a decline of 25.9% (YTD growth of 27.9%)
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.