VE Commercial Vehicles sells 7327 units in March 2017, recording a growth of 8.5%

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) has sold 7327 units in March 2017 (FYTD 58604) as compared to 6753 units in March 2016 (LFYTD 52025) recording a growth of 8.5% (FYTD Growth of 12.6%).  This includes 7088 units of Eicher brand and 239 units of Volvo brand.

Following are the key highlights for March 2017   

  • Eicher branded trucks & buses have recorded total sales of 7088 units in March 2017 (FYTD 57441) as compared to 6633 units in March 2016 (LFYTD 50783), representing a growth of 6.9% (FYTD Growth of 13.1%).
  • In the domestic CV market, Eicher branded trucks & buses have recorded sales of 6410 units in March 2017 (FYTD 49406) as compared to 5944 units in March 2016 (LFYTD 44271), representing a growth of 7.7% (FYTD Growth of 11.6%).
  • On the Exports front, Eicher branded trucks & buses have recorded highest ever sales in a financial year  with 8035 units in 2017 as compared to 6512 in 2016, March 2017 recorded  sales of 678 units as compared to 689 units in March 2016.
  • Volvo trucks have recorded sales of 239 units in March 2017 (FYTD 1163) as compared to 120 units in March 2016 (LFYTD 1242), representing a growth of 99.2%.

About VE Commercial Vehicles Ltd (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, VE Powertrain, Eicher’s components and engineering design services businesses as well as the sales and distribution business of Volvo trucks within India. VECV vision is to be recognized as the industry leader driving modernization in commercial transportation in India and the developing world.