VE Commercial Vehicles sells 7424 units in June 2024
ECONOMY & POLICY

VE Commercial Vehicles sells 7424 units in June 2024

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.

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.

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