VE Commercial Vehicles sells 6567 units in April 2023
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.
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.
