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Eicher Motors’ JV reports 14% rise in September sales

03 Oct 2016 Evaluate

Eicher Motors and Volvo Group’s joint venture firm, VE Commercial Vehicles (VECV) has reported 14.01% increase in total sales in September at 4,843 units, as against 4,248 units in the same month last year. Eicher-branded trucks and buses recorded total sales of 4,734 units in September compared with 4,047 units in the corresponding month last year, up by 16.98%.

In the domestic market, sales of Eicher trucks and buses stood at 4,148 units in September compared with 3,452 units in the year-ago month, up by 20.16%, however exports of Eicher trucks and buses decreased 1.51% at 586 units in September as against 595 units in the same month last year.

Volvo trucks recorded a 45.77% decline in sales at 109 units last month compared with 201 units in September 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.

Peers
Company Name CMP
Bajaj Auto 10069.85
TVS Motor Company 4021.45
Hero MotoCorp 5173.00
Eicher Motors 6949.85
OLA Electric Mobilit 37.09
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