Vinod Aggarwal, MD and CEO of VECV
2024-07-01

VE Commercial Vehicles sells 6622 units in July 2024

VE Commercial Vehicles Ltd. (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%.

Disclaimer:

All statements included or incorporated by reference in this media release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry, management's beliefs and certain assumptions made by us. Although VE Commercial Vehicles believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which such statement was made, and VE Commercial Vehicles undertakes no obligation to Update or revise any forward- looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits can be derived from them.