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Eicher Motors’ JV reports 20% fall in May sales

03 Jun 2019 Evaluate

Eicher Motors and Volvo Group’s joint venture (JV) -- VE Commercial Vehicles has reported sales of 4,801 units in May 2019 as compared to 5,977 units in May 2018, recording decline of 19.7%. This includes 4750 units of Eicher brand and 51 units of Volvo brand.

Eicher branded trucks & buses have recorded sales of 4,750 units in May 2019 as compared to 5,874 units in May 2018, representing a decline of 19.1%. In the domestic CV market, Eicher branded trucks & buses have recorded sales of 4,446 units in May 2019 as compared to 5,268 units in May 2018, representing a decline of 15.6%. On the Exports front, Eicher branded trucks & buses have recorded sales of 304 units in May 2019 as compared to 606 units in May 2018, representing a decline of 49.8%.

Eicher Motors is an India-based company, which is engaged in manufacturing automobile products and related components. The company operates in business verticals, including motorcycles, commercial vehicles and personal utility vehicles.

Peers
Company Name CMP
Bajaj Auto 9946.00
TVS Motor Company 3957.15
Hero MotoCorp 5033.55
Eicher Motors 6928.80
OLA Electric Mobilit 37.13
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