VECV Sales Report January 2025: 6,295 Units Sold; Sales Grew By 18.17%

Key Highlights:

• VECV's sales grew by 18.17% in January 2025, selling 6,295 units compared to 5,327 units last year.
• Eicher Trucks saw a 19.14% growth, selling 5,794 units in January 2025.
• The LD & LMD segment sales grew 17.94%, with 3,787 units sold in January 2025.
• Heavy Duty segment sales grew 21.50%, with 2,007 units sold in January 2025.
• Volvo Trucks' sales declined by 19.71%, with 167 units sold in January 2025.

In January 2025, VECV, a prominent player in India's commercial vehicle market, witnessed a growth of 18.17% in its sales. The company, known for its diversified portfolio of trucks and buses, sold a total of 6,295 units in January 2025, compared to 5,327 units in January 2024.

VECV, a joint venture between the Volvo Group and Eicher Motors, has emerged as a key player in India's commercial vehicle market.

Eicher Records 19.14% growth in CV Sales

Eicher Trucks, a subsidiary of VECV, experienced a 19.14% year-on-year growth in its commercial vehicle sales in January 2025. The company sold a total of 5,794 units in January 2025, which is lower than the 4,863 units sold in January 2024.

Eicher Truck Domestic Sales Results: Segment-Wise Sales Performance

LD & LMD Segment (3.5-18.5T) Trucks: Sales in this segment experienced a growth of 17.94%, with 3,787 units sold in January 2024 compared to 3,211 units in January 2024.

Heavy Duty Segment: Sales in this segment experienced a growth of 21.50%, with 2,007 units sold in January 2025 compared to 1,652 units in January 2024.

Eicher Truck Exports Results

LMD Segment: Export sales in this segment increased by 19.83%, with 290 units sold in January 2025 compared to 242 units in January 2024.

Heavy Duty Segment: Export sales in the heavy-duty segment witnessed a growth of  214.30%, with 44 units sold in January 2025 compared to 14 units in January 2024.

Export Eicher Truck Sales increased by 30.47% in January 2025

Eicher truck export sales increased by 30.47% in January 2025, with 334 units sold compared to 256 units in January 2024.

Volvo sales declined by 19.71% in January 2025

Volvo Trucks reported a decline in sales by 19.71%, selling 167 units in January 2025 compared to 208 units in January 2024.

Also Read: VECV Sales Report November 2024: 4,499 Units Sold; Sales Grew By 4%

CMV360 Says

VECV and Eicher Trucks had good sales growth in January 2025. The company did well in both India and exports. However, Volvo saw a drop in sales, which could be a problem for them. Overall, Eicher and VECV are doing well, but Volvo needs to improve.