VE Commercial Vehicles sells 6663 units in September 2018, recording a growth of 9.5%
VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales of 6663 units in September 2018 as compared to 6083 units in September 2017, recording a growth of 9.5%. This includes 6588 units of Eicher brand and 75 units of Volvo brand.
Following are the key highlights for September 2018:
- Eicher branded trucks & buses have recorded sales of 6588units in September 2018 (YTD 34581 units) as compared to 5934 units in September 2017 (LYTD 26276 units), representing a growth of 11%.
- In the domestic CV market, Eicher branded trucks & buses have recorded sales of 5685 units in September 2018 (YTD 29840 units) as compared to 5084 units in September 2017 (LYTD 22533 units) representing a growth of 11.8%.
- On the Exports front, Eicher branded trucks & buses have recorded sales of 903 units in September 2018 (YTD 4741 units) as compared to 850 units in September 2017 (LYTD 3743 units), representing a growth of 6.2%
- Volvo Trucks has recorded sales of 75 units in September 2018 (YTD 442 units) as compared to 149 units in September 2017 (LYTD 324 units).
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.