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Eicher Motors’ JV firm VE Commercial reports 24% rise in November sales

01 Dec 2014 Evaluate

Eicher Motors and Volvo Group’s joint venture firm, VE Commercial Vehicles (VECV) has reported rise of 23.80% in total sales of Eicher branded products to 2778 units in November 2014. The company had sold 2244 units in the same month of the previous year.

In the company’s domestic CV market (5T and above), Eicher trucks and buses have recorded sales of 2233 units in November 2014 as compared to 1928 units in the year-ago period, up by 15.80%.

On the exports front, Eicher trucks and buses recorded sales of 545 units in July 2014 as compared to 316 units in the same month of the previous year, representing a growth of 72.50%.

Peers
Company Name CMP
Bajaj Auto 11684.00
TVS Motor Company 4127.50
Hero MotoCorp 5225.00
Eicher Motors 7540.00
OLA Electric Mobilit 38.56
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