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Ve Commercial Vehicles

VE Commercial Vehicles posts 35.2% rise in sales at 11,906 units in March

VE Commercial Vehicles Ltd on Monday reported a 35.2 per cent increase in sales at 11,906 units in March 2023, as compared to 8,803 units in the same month last year. The company, a joint venture of the Volvo Group and Eicher Motors, said Eicher branded trucks and recorded sales of 11,677 units last month, as compared to 8,581 units in March 2022, up 36.1 per cent, the company said in a statement. Domestic sales of Eicher branded trucks and buses were at 11,263 units, as against 7,929 units in March 2022, a growth of 42 per cent, while exports were at 414 units last month, down from 652 units in March 2022. Volvo Trucks and buses posted sales of 229 units, as against 222 units in March 2022, a growth of 3.2 per cent, it said.

VE Commercial Vehicles posts 35.2% rise in sales at 11,906 units in March
Updated On : 03 Apr 2023 | 2:26 PM IST

Price hike due to new BS VI norms will be within 5%: VECV CEO Aggarwal

Auto industry has 'mostly overcome' semiconductor issue, says leader of Volvo Eicher Commercial Vehicles

Price hike due to new BS VI norms will be within 5%: VECV CEO Aggarwal
Updated On : 12 Jan 2023 | 1:03 AM IST

VE Commercial Vehicles total sales rise 17.3% to 7,221 units in Dec

VE Commercial Vehicles Ltd on Monday reported a 17.3 per cent growth in total sales at 7,221 units in December 2022. The company, a joint venture of the Volvo Group and Eicher Motors, had sold 6,154 units in December 2021, VE Commercial Vehicles (VECV) said in a statement. December 2022 sales included 7,003 units of Eicher brand and 218 units of Volvo brand, it added. In the domestic commercial vehicles market, Eicher branded trucks and buses recorded sales of 6,671 units last month as compared to 5,192 units in December 2021, a growth of 28.5 per cent. Exports of Eicher branded trucks and buses, however, declined 59 per cent at 332 units, as compared to 810 units in December 2021, it added.

VE Commercial Vehicles total sales rise 17.3% to 7,221 units in Dec
Updated On : 02 Jan 2023 | 2:12 PM IST

VE Commercial Vehicles' total sales rise 4.4% to 5,003 units in Aug

VE Commercial Vehicles Ltd on Thursday reported a 4.4 per cent growth in total sales at 5,003 units in August 2022. The company, a joint venture of the Volvo Group and Eicher Motors, had sold 4,793 units in the same month last year, VE Commercial Vehicles (VECV) said in a statement. Sales of Eicher branded trucks and buses were at 4,893 units last month as against 4,667 units in the year-ago period, a growth of 4.8 per cent. Domestic sales of Eicher trucks and buses stood at 4,530 units as compared to 3,864 units in August 2021, while exports were at 363 units, down from 803 units earlier. Volvo trucks and buses posted sales of 110 units in August 2022 as compared to 126 units in the same month last year, down 12.7 per cent, the company said.

VE Commercial Vehicles' total sales rise 4.4% to 5,003 units in Aug
Updated On : 01 Sep 2022 | 2:48 PM IST

VECV reports bus sales rising, sees chip crisis easing in 3 months

Company betting on alternate fuels for growth in commercial vehicles sales, says senior executive

VECV reports bus sales rising, sees chip crisis easing in 3 months
Updated On : 04 Aug 2022 | 9:15 AM IST

VE Commercial Vehicles plans to tap auto PLI via electric vehicle route

Last week, the government had cleared the PLI scheme for the auto industry with an outlay of Rs 25,938 crore, slashed from the initial outlay of Rs 57,042 crore

VE Commercial Vehicles plans to tap auto PLI via electric vehicle route
Updated On : 20 Sep 2021 | 6:42 PM IST

VE Commercial Vehicles posts nearly 2-fold jump in August sales

VE Commercial Vehicles Ltd, a joint venture between Volvo Group and Eicher Motors, on Wednesday reported a nearly two-fold jump in total sales at 4,793 units in August 2021. The company had sold a total of 2,477 units in the same month last year, VE Commercial Vehicles Ltd (VECV) said in a statement. Sales of Eicher branded trucks and buses were at 4,667 units last month as compared to 2,440 units in August 2020, a growth of 91.3 per cent, it added. In the domestic market, Eicher brand of CVs clocked sales of 3,864 units as against 2,190 units in the year-ago month, up 76.4 per cent. Exports of Eicher branded trucks and buses stood at 803 units last month as compared to 250 units in August 2020. Volvo trucks and Volvo buses recorded sales of 126 units in August 2021 as against 37 units in the corresponding month last year, the company said.

VE Commercial Vehicles posts nearly 2-fold jump in August sales
Updated On : 01 Sep 2021 | 5:01 PM IST

Eicher Motors' VECV to acquire Volvo India's bus biz for Rs 100.5 cr

VECV entered into a business transfer agreement on Aug 12 with Volvo Group India for acquisition, as a going concern on slump sale basis, of the bus business of Volvo Group India, Eicher Motors said

Eicher Motors' VECV to acquire Volvo India's bus biz for Rs 100.5 cr
Updated On : 13 Aug 2020 | 8:10 PM IST

Modernising the commercial vehicles fleet

The development of a sustainable replacement demand requires a comprehensive end of life policy for CVs

Modernising the commercial vehicles fleet
Updated On : 20 Nov 2019 | 9:52 PM IST

Ashok Leyland to observe up to 12 non-working days during November

Company reports a 50% drop in domestic M&HCV sales in October, led mainly by a decline in truck volumes

Ashok Leyland to observe up to 12 non-working days during November
Updated On : 01 Nov 2019 | 9:18 PM IST

VE Commercial Vehicles sales rise 14% in September

Total sales of Eicher-branded trucks and buses rose by 17 per cent to 4,734 units in September against 4,047 in the corresponding month of 2015

VE Commercial Vehicles sales rise 14% in September
Updated On : 01 Oct 2016 | 10:12 PM IST

VE Commercial Vehicles sales zooms 18% in July

The company is a joint venture between Sweden's Volvo Group and Eicher Motors

VE Commercial Vehicles sales zooms 18% in July
Updated On : 01 Aug 2016 | 5:21 PM IST

VE Commercial Vehicles sales up 18% in June

In the domestic market, sales of Eicher trucks and buses stood at 4,256 units in June compared with 3,537 units in the year-ago month

VE Commercial Vehicles sales up 18% in June
Updated On : 01 Jul 2016 | 3:47 PM IST

VE Commercial Vehicles sales up 43% in May

Company is a joint venture between Sweden's Volvo Group and Eicher Motors

VE Commercial Vehicles sales up 43% in May
Updated On : 01 Jun 2016 | 3:04 PM IST