VE Commercial Vehicles Ltd. records sales decline in July 2023

Pune- VE Commercial Vehicles Ltd., has reported a decline in sales for July 2023 compared to the same month in the previous year. The total sales figure of 5877 units reflects a 1.8% decrease from the 5982 units sold in July 2022.

This decline is primarily attributed to the performance of Eicher branded trucks and buses, which recorded 5736 units in sales, indicating a 2.1% decrease from July 2022.

In the domestic market, Eicher's sales saw a marginal reduction of 0.9%, with 5311 units sold in July 2023.

On the exports front, the company faced a more significant setback, with sales of Eicher branded vehicles dropping by 15.2% to 425 units.

In contrast, Volvo Trucks and Volvo Buses experienced a growth of 16.5% in sales, reaching 141 units in July 2023.