VE Commercial Vehicles sales zooms 18% in July

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

VE Commercial Vehicles on Monday reported an 18.3% increase in total sales in July at 4,374 units as against 3,698 units 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 4,315 units in July compared with 3,652 units in the corresponding month last year, up 18.2%.

In the domestic market, sales of Eicher trucks and buses stood at 3,664 units in July compared with 3,050 units in the year-ago month, up 20.1%, VECV said in a statement.

Exports of Eicher trucks and buses stood at 651 units in July as against 602 units in the same month last year, a growth of 8.1%.

 

Volvo trucks recorded a 28.3% increase in sales at 59 units last month compared with 46 units in July 2015, the company added.