VE Commercial Vehicles (VECV), a Volvo Group and Eicher Motors joint venture (JV), has reported a 3 per cent decline in total commercial vehicle sales at 4,892 units in December. The company had sold 5,042 units in the same month of the previous year. Total domestic sales stood at 4,069 units last month as compared to 4,410 units in December 2019, a dip of 7.7 per cent. Total exports last month stood at 618 units as against 500 units in the same month of 2019, up 23.6 per cent.
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.
