+
VE Commercial Vehicles sells 6622 units in July 2024
ECONOMY & POLICY

VE Commercial Vehicles sells 6622 units in July 2024

VE Commercial Vehicles (a Volvo Group and Eicher Motors joint venture) recorded sales of 6622 units in July 2024 as compared to 5877 units in July 2023, a growth of 12.7%. This includes 6444 units of Eicher brand and 178 units of Volvo brand. 

Following are details for July 2024:

Eicher branded trucks & buses have recorded sales of 6444 units in July 2024 as compared to 5736 units in July 2023 representing a growth of 12.3%.

In the domestic CV market, Eicher branded trucks & buses have recorded sales of 6044 units in July 2024 as compared to 5311 units in July 2023, representing a growth of 13.8%.

On the Exports front, Eicher branded trucks & buses recorded sales of 400 units in July 2024 as compared to 425 units in July 2023, representing a decline of 5.9%.

Volvo Trucks and Volvo Buses recorded sales of 178 units in July 2024 as compared to 141 units in July 2023, representing a growth of 26.2%.

VE Commercial Vehicles Limited (VECV) is a joint venture between the Volvo Group and Eicher Motors Limited. In operation since December 2008, the company includes the complete range of Eicher branded trucks and buses, Volvo Buses, exclusive distribution of Volvo Trucks in India, engine manufacturing and exports for Volvo Group, non-automotive engines and Eicher component business. A multi-brand, multi-division company, backed by innovative products & services, VECV today, is recognized as an industry leader for modernizing commercial transportation in India and developing world.

VE Commercial Vehicles (a Volvo Group and Eicher Motors joint venture) recorded sales of 6622 units in July 2024 as compared to 5877 units in July 2023, a growth of 12.7%. This includes 6444 units of Eicher brand and 178 units of Volvo brand. Following are details for July 2024:Eicher branded trucks & buses have recorded sales of 6444 units in July 2024 as compared to 5736 units in July 2023 representing a growth of 12.3%.In the domestic CV market, Eicher branded trucks & buses have recorded sales of 6044 units in July 2024 as compared to 5311 units in July 2023, representing a growth of 13.8%.On the Exports front, Eicher branded trucks & buses recorded sales of 400 units in July 2024 as compared to 425 units in July 2023, representing a decline of 5.9%.Volvo Trucks and Volvo Buses recorded sales of 178 units in July 2024 as compared to 141 units in July 2023, representing a growth of 26.2%.VE Commercial Vehicles Limited (VECV) is a joint venture between the Volvo Group and Eicher Motors Limited. In operation since December 2008, the company includes the complete range of Eicher branded trucks and buses, Volvo Buses, exclusive distribution of Volvo Trucks in India, engine manufacturing and exports for Volvo Group, non-automotive engines and Eicher component business. A multi-brand, multi-division company, backed by innovative products & services, VECV today, is recognized as an industry leader for modernizing commercial transportation in India and developing world.

Next Story
Infrastructure Urban

CJ Logistics’ Global CEO visits India to align growth strategy

Jonathan Song, newly appointed CEO of the Global Business Division at South Korea-based CJ Logistics, concluded a strategic three-day visit to India from July 29 to 31, reinforcing the company’s long-term commitment to the market through its subsidiary, CJ Darcl Logistics Ltd. Mr Song held high-level discussions with the CJ Darcl leadership and key customers to understand India’s evolving logistics needs, identify synergy areas, and enhance business alignment. His visit highlighted the strategic significance of India in CJ Logistics’ global network, especially amid the country’s g..

Next Story
Real Estate

Max Towers secures five star rating in safety audit by British Council

Max Estates, a leading NCR-based real estate developer, has achieved a five star rating in its first attempt at the British Safety Council’s ‘Five Star Occupational Health and Safety’ Audit for Max Towers, its premium commercial office project in Noida. The grading reflects the organisation’s commitment to the continual improvement of its occupational health and safety systems. The comprehensive audit covered documentation, interviews with senior management and employees, stakeholder feedback, and rigorous sampling of on-ground activities. It assessed performance against best prac..

Next Story
Real Estate

India’s Tier 2 & 3 Cities: The Next Growth Frontier for Real Estate

Introduction India’s metropolitan cities have long dominated the real estate landscape, shaping both market trends and public discourse, but the narrative is shifting towards India’s tier 2 and 3 cities. Beyond the metro cities, Tier 2 and Tier 3 cities such as Indore, Ahmedabad, Chandigarh, Jaipur, Coimbatore, Lucknow, Bhubaneswar, Kochi, Surat, Guwahati, and many others are emerging as vibrant real estate hubs. This growth is driven by impetus from rapid urbanisation, logistics corridors like the Delhi Mumbai Industrial Corridor, IT/ITeS investment zones, emergence of global capabil..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?