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VE Commercial Vehicles sells 6567 units in April 2023

Vehicles |Industry

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales of 6567 units in April 2023 as compared to 5525 units in April 2022 recording a growth of 18.9%. This includes 6399 units of Eicher brand and 168 units of Volvo brand.

Date: May 1, 2023

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VE Commercial Vehicles sells 6567 units in April 2023

Pune- VE Commercial Vehicles., Eicher branded trucks and buses have recorded a significant growth in sales in the domestic commercial vehicle (CV) market in April 2023. According to reports, the company has sold 6142 units in the domestic CV market, marking a growth of 28.9% as compared to the same period last year when it had sold 4766 units.

Overall, Eicher branded trucks and buses have recorded sales of 6399 units in April 2023, representing a growth of 18.1% as compared to April 2022 when it had sold 5416 units. However, on the exports front, the company has recorded a decline in sales, selling only 257 units in April 2023 as compared to 650 units in April 2022, representing a decline of 60.5%.

In addition to Eicher branded trucks and buses, Volvo Trucks and Volvo Buses have also witnessed a growth in sales in April 2023, selling 168 units as compared to 109 units in April 2022, representing a growth of 54.1%.

As the country continues to grapple with the COVID-19 pandemic and its impact on the economy, the positive sales growth for Eicher branded trucks  and buses and Volvo Trucks and Volvo Buses is a positive sign for the Indian automotive industry.

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