VE Commercial Vehicles sells 7609 units in September 2024

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales of 7609 units in September 2024 as compared to 7198 units in September 2023, a growth of 5.7%. This includes 7322 units of Eicher brand and 287 units of Volvo brand.

Following are details for September 2024:

• Eicher branded trucks & buses have recorded sales of 7322 units in September 2024 as compared to 6965 units in September 2023 representing a growth of 5.1%
• In the domestic CV market, Eicher branded trucks & buses have recorded sales of 6847 units in September 2024 as compared to 6715 units in September 2023, representing a growth of 2.0%.
• On the Exports front, Eicher branded trucks & buses recorded sales of 475 units in September 2024 as compared to 250 units in September 2023, representing a growth of 90 %.
• Volvo Trucks and Volvo Buses recorded sales of 287 units in September 2024 as compared to 233 units in September 2023, representing a growth of 23.2%.

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.