VE Commercial Vehicles sells 7424 units in June 2024

04 Jul 2024 CW Team

VE Commercial Vehicles (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 the Eicher brand and 110 units of the Volvo brand.

The 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%. 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 modernising commercial transportation in India and the developing world.

Real Estate

05 Dec 2025

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..