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Monday, October 01, 2012

VE Commercial Vehicle sales decline 32% in Sept 12


Press Release


The following are the key highlights for Sept 2012:


 Eicher branded trucks and buses have recorded sales of 3150 units which is 31.9% 
lower than Sept 2011 sales. The YTD 2012 sales of Eicher branded trucks and buses 
stand at 36720 units as compared to LYTD 2011 sales of 35833 units, representing a 
growth of 2.5%. 

 In the domestic CV Market ( 5T and Above), Eicher branded trucks and buses have 
recorded sales of 3026 units as compared to 4152 units in Sept 2011, representing a 
drop of 27%. The YTD 2012 sales for Eicher branded trucks and buses stand at 34915 
units as compared to YTD 2011 sales of 33411 units, representing a growth of 4.5%.

 In the domestic Bus segment, the Sept 2012 sales stand at 612 units as compared to 
550 units in Sept 2011, representing a  growth of 11.3%. The YTD 2012 sales stand 
at 7152 units as compared to YTD 2011 sales of 5389 units, representing a 32.7% 
growth.

 In the HD segment, the sales stand at 443 units in the domestic market as against 
636 units in Sept 2011.   YTD Eicher HD sales stand at 5812 units as against 5172 
units in 2011, representing a growth of 12.4%.

About VE Commercial Vehicles Ltd (VECV):

VE Commercial Vehicles Limited (VECV) is a 50-50 joint venture between the Volvo Group 
and Eicher Motors Limited. In operation since July 2008, the company includes the complete 
range of Eicher trucks and buses, VE Powertrain, Eicher’s components and engineering 
design services businesses as well as the sales and distribution business of Volvo trucks 
within India. VECV aims to become a full-range commercial vehicle company whose 
products will drive modernization in commercial transportation in India and other emerging 
world markets. www.vecv.in


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