Eicher Motors and Volvo Group’s joint venture firm, VE Commercial Vehicles (VECV) has reported 43% increase in total sales in May at 5,770 units, as against 4,035 units in the same month last year. 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 by 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%, while 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.
Eicher Motors is one of the leading manufacturers of commercial vehicle. It has manufacturing facilities located in Madhya Pradesh, Tamil Nadu, Maharashtra, and Haryana.
