VE Commercial Vehicles sells 7424 units in June 2024

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales of 7424 units in June 2024 as compared to 6715 units in June 2023, a growth of 10.6%. This includes 7314 units of Eicher brand and 110 units of Volvo brand.

Following are details for June 2024:

• Eicher branded trucks & buses have recorded sales of 7314 units in June 2024 as compared to 6527 units in June 2023 representing a growth of 12.1%.
• In the domestic CV market, Eicher branded trucks & buses have recorded sales of 6893 units in June 2024 as compared to 6277 units in June 2023, representing a growth of 9.8%.
• On the Exports front, Eicher branded trucks & buses recorded sales of 421 units in June 2024 as compared to 250 units in June 2023, representing a growth of 68.4%.
• Volvo Trucks and Volvo Buses recorded sales of 110 units in June 2024 as compared to 188 units in June 2023, representing a decline of 41.5%.

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.