Volvo Eicher Commercial Vehicles sees 69% surge in sales in FY22

The company sold 32,050 units during the first eight months of 2019-20.

Demand is recovering for Volvo Eicher Commercial Vehicles (VECV), which saw a 69 per cent rise in sales during the first eight months this financial year over the same period in FY21.

Vehicle sales have climbed to 30,830 in FY22 against 18,200 in the first eight months of FY21 and are expected to exceed pre-pandemic figures this financial year.

However, Managing Director and Chief Executive Officer Vinod Aggarwal sees industry recovery in various segments on a slow track owing to several reasons, including the pandemic, rising fuel prices, input costs, and the chip crisis.

VECV holds a 31 per cent