VECV records sharp upswing in sales

    VE Commercial Vehicles Ltd (VECV)
    VE Commercial Vehicles Ltd (VECV), which is a joint venture between the Volvo Group and Eicher Motors Limited, sold 4916 units in November this year as compared to 3174 during the corresponding period in the preceding year, thereby, recorded a growth of 54.9%. This includes 4727 units of Eicher brand and 189 units of Volvo brand. An official spokesperson said that Eicher branded trucks & buses have recorded a total sale of 4727 units in November 2017 (YTD 36165 units) as compared to 3065 units in November 2016 (LYTD 36577 units), recording a growth of 54.2%. In the domestic CV market, Eicher branded trucks & buses have recorded sales of 4062 units (YTD 31054 units) in November 2017 as compared to 2408 units in November 2016 (LYTD 31126 units) representing a growth of 68.7%. On the Exports front, Eicher branded trucks & buses have recorded a total sale of 665 units in November 2017 (YTD 5111 units) as compared to 657 units in November 2016 (LYTD 5451 units) representing a growth of 1.2 percent. Volvo Trucks has recorded sales of 189 units in November 2017 (YTD 575 units) as compared to 109 units in November 2016 (LYTD 636 units), recording a growth of 73.4%, he added.
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