VECV Crosses 1 Lakh Annual Sales in FY26, Achieves Record Production and Deliveries

Key Highlights:

• VE Commercial Vehicles Ltd. crossed 1 lakh annual sales in FY26, the highest ever.

• Strong demand led by LMD (47,789), HD (26,867) and buses (19,363).

• Backed by the Volvo Group and Eicher Motors partnership strength.

• Focus on fuel efficiency, uptime, and connected tech like Eicher Live.

• 8 plants, 1250+ touchpoints, and upcoming AMT plant boost growth.

VE Commercial Vehicles Ltd. (VECV), a joint venture between Volvo Group and Eicher Motors, has achieved a major milestone by surpassing 1 lakh (100,000) annual commercial vehicle sales in FY 2025-26. This marks the company’s highest-ever yearly sales, production, and deliveries, reflecting strong growth in India’s commercial vehicle industry.

Strong Growth Across Key Segments

VECV’s performance in FY26 was driven by robust demand across different vehicle categories:

• Light & Medium Duty (LMD) Trucks: 47,789 units (46.1%)

• Heavy Duty (HD) Trucks: 26,867 units (25.9%)

• Buses: 19,363 units (18.7%)

This balanced contribution highlights the company’s ability to cater to diverse transport needs, from last-mile delivery to heavy cargo and passenger mobility.

Product Strength and Customer Focus Drive Success

The milestone reflects VECV’s strong focus on:

• Application-specific vehicle portfolio

• Best-in-class fuel efficiency

• Superior uptime and reliability

• Customer-centric solutions

The company’s wide product range and strong service ecosystem have played a key role in improving fleet productivity and reducing operational costs for customers.

A Vision Realized Since 2008

Since its formation in 2008, the Volvo-Eicher partnership has aimed to redefine India’s commercial vehicle industry. By combining:

• Volvo Group’s global expertise in advanced technology

• Eicher Motors deep understanding of the Indian market needs

VECV has consistently set new benchmarks in performance, efficiency, and innovation.

Leadership Speaks

Commenting on the achievement, B. Srinivas, MD & CEO, VECV, said: “Crossing the milestone of 1,00,000 vehicles in a year is a significant achievement for VECV and reflects the trust our customers have placed in our products and solutions. This milestone also fulfils a key part of the original vision set at the inception of the Volvo-Eicher joint venture.”

He further added that the company will continue to focus on innovation, sustainability, and deeper customer engagement to drive future growth.

Supporting ‘Make in India’ and National Growth

Aligned with India’s Atmanirbhar Bharat vision, VECV is strengthening domestic manufacturing while expanding its global presence. The company exports its products to over 40 countries, serving both domestic and international markets.

Its growth has also been supported by government initiatives such as:

• Infrastructure development under Bharatmala

• Clean mobility push through PM e-Drive

These initiatives have accelerated logistics efficiency and encouraged the adoption of sustainable transport solutions.

Focus on Sustainability and Advanced Technology

VECV continues to lead in modernizing commercial transportation with future-ready solutions. Key highlights include:

• Early adoption of BSVI emission norms

• Introduction of a 100% connected vehicle portfolio through Eicher Live, a comprehensive telematics platform

• Continuous focus on reducing emissions and improving fuel efficiency

These efforts align with India’s transition towards a low-carbon and sustainable mobility ecosystem.

Strong Manufacturing and Network Capabilities

The company operates 8 manufacturing plants across India, including:

• An Industry 4.0-enabled plant in Bhopal

• An integrated manufacturing hub at Pithampur

• A global engine manufacturing facility (VEPT)

VECV is further expanding with an upcoming Automated Manual Transmission (AMT) plant in Ujjain, aimed at enhancing drivability and fuel efficiency.

On the service front, the company has a strong pan-India network of over 1,250 touchpoints, ensuring reliable after-sales support and customer satisfaction.

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CMV360 Says

VECV’s achievement of crossing the 1 lakh annual sales milestone in FY26 is not just a number; it reflects strong customer trust, technological leadership, and a clear long-term vision. With continued investments in advanced manufacturing, connected technologies, and sustainable mobility, the company is well-positioned to lead the next phase of growth in India’s commercial vehicle industry.