VE Commercial Vehicles' sale on upswing

    joint venture
    A Volvo and Eicher Motors joint venture, VE Commercial Vehicles manufacturing units have recorded a growth of 25.6%, which includes 5934 units of Eicher brand and 149 units of Volvo brand, said an official spokesperson, elaborating that the joint venture company sold 6083 units in September 2017 as compared to 4843 units in September 2016, the corresponding period in the last fiscal. The key highlights for August 2017 included that Eicher branded trucks & buses have recorded a total sale of 5934 units in September 2017 (YTD 26272 units) as compared to 4734 units in September 2016 (LYTD 29063 units), recording a growth of 25.3%. In the domestic CV market, Eicher branded trucks & buses have recorded sales of 5084 units (YTD 22529 units) in September 2017 as compared to 4148 units in September 2016 (LYTD 24864 units) clocking a growth of 22.6%. Similarly, on the Exports front, Eicher branded trucks & buses recorded a total sale of 850 units in September 2017 (YTD 3743 units) as compared to 586 units in September 2016 (LYTD 4199 units) recording a growth of 45.1%. Volvo Trucks has recorded sales of 149 units in September 2017 (YTD 324 units) as compared to 109 units in September 2016 (LYTD 307 units), he claimed.
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