VECV reported a 24.5% increase in total sales in February 2023

Eicher branded trucks and buses sold 7100 units in February 2023, up from 5745 units in February 2022, marking a 23.6% increase.

Volvo makes commercial automobiles in India in partnership with Eicher Motors. The Volvo Eicher Commercial Vehicle Truck Sales Report February 2023 reveals a remarkable 24.5% growth in total sales.

VE Commercial Vehicles Ltd. (a joint venture of Volvo Group and Eicher Motors) sold 7289 units in February 2023, up from 5856 units in February 2022, a 24.5% increase. This comprises 7100 Eicher brand vehicles and 189 Volvo brand vehicles.

Eicher branded trucks and buses sold 7100 units in February 2023, up from 5745 units in February 2022, marking a 23.6% increase.

In the domestic CV market, Eicher branded trucks and buses sold 6799 units in February 2023, up from 5093 units in February 2022, marking a 33.5% increase.

In terms of exports, Eicher branded trucks and buses sold 301 units in February 2023, compared to 652 units in February 2022, marking a 53.8% decrease.

Volvo Trucks and Volvo Buses sold 189 units in February 2023, up from 111 units in February 2022, marking a 70.3% increase.

Eicher Domestic Sales

Eicher Motors Truck Sales figures show an 11.81% rise in overall domestic sales. In the Low & medium-duty market, 3,212 units were sold in February 2023, compared to 3,471 units in February 2022, representing a 7.50% decrease.

The Heavy Duty segment, on the other hand, increased by 73.52%, with sales of 1,881 units in February 2023 compared to 1,084 units in February 2022.

Eicher Export Sales

In terms of exports, Eicher branded trucks and buses sold a total of 191 units in February 2023, compared to 566 units in February 2022, representing a decline of 66.25% in sales.

About VE Commercial Vehicles Limited (VECV):

The Volvo Group and Eicher Motors Limited have partnered to form VE Commercial Vehicles Limited (VECV). The company, which has been in operation since July 2008, includes the full range of Eicher branded trucks and buses, the exclusive distribution of Volvo Trucks in India, engine manufacturing and exports for the Volvo Group, nonautomotive engines, and the Eicher component business. Today, VECV is recognized as an industry leader in modernizing commercial transportation in India and the developing world as a multi-brand, multi-division company backed by innovative products and services.