FCC

VE Commercial Vehicles sells 11906 units in March 2023

2023-04-03

VE Commercial Vehicles (a Volvo Group and Eicher Motors joint venture) recorded sales of 11,906 units in March 2023 as compared to 8803 units in March 2022 recording a growth of 35.2%. This includes 11677 units of the Eicher brand and 229 units of the Volvo brand.

Following are the key highlights for March 2023:

Eicher branded trucks and buses have recorded sales of 11,677 units in March 2023 as compared to 8581 units in March 2022 representing a growth of 36.1%.
In the domestic CV market, Eicher branded trucks and buses have recorded sales of 11263 units in March 2023 as compared to 7929 units in March 2022, representing a growth of 42%
On the exports front, Eicher branded trucks and buses have recorded sales of 414 units in March 2023 as compared to 652 units in March 2022, representing a decline of 36.5%
Volvo Trucks and Volvo Buses have recorded sales of 229 units in March 2023 as compared to 222 units in March 2022, representing a growth of 3.2%

VECV is a joint venture between the Volvo Group and Eicher Motors. 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 the developing world.