VE Commercial Vehicles sales up 43% in May

Company is a joint venture between Sweden's Volvo Group and Eicher Motors

VE Commercial Vehicles on Wednesdsay reported 43% increase in total sales in May at 5,770 units as against 4,035 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 5,709 units in May compared with 3,962 units in the corresponding month last year, up 44.1%. 

In the domestic market, sales of Eicher trucks and buses stood at 4,704 units in May compared with 3,617 units in the year-ago month, up 30.1%, VECV said in a statement.

Exports of Eicher trucks and buses surged nearly three-fold at 1,005 units in May as against 345 units in the same month last year.

Volvo trucks recorded a 16.43% decline in sales at 61 units last month compared with 73 units in May 2015, the company added.