VE Commercial Vehicles sales up 14% in January

VE Commercial Vehicles today reported a 13.59% increase in total sales in January at 3,768 units as against 3,317 units in the same month last year.

The company, a joint venture between Sweden's Volvo Group and Eicher Motors, said Eicher-branded trucks and buses recorded total sales of 3,707 units in January compared with 3,262 units in the same month last year, up 13.64%.

In the domestic market, sales of Eicher trucks and buses stood at 3,415 units in January compared with 2,905 units in the year-ago month, a growth of 17.6%, VECV said in a statement.

Exports of Eicher trucks and buses stood at 292 units in January as against 357 units in the same month last year, down 18.2%.

Volvo trucks recorded sales of 61 units in last month compared with 55 units in January 2015, up 10.9%, the company added.