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Eicher Motors JV firm VE Commercial reports 18% fall in March sales

02 Apr 2013 Evaluate

Eicher Motors and Volvo Group’s joint venture firm, VE Commercial Vehicles (VECV) has reported a fall of 18% in total sales of Eicher branded products at 4,962 units in March 2013 against 6,051 units in the same month in 2012. The company had registered domestic sales at 4,760 units in March 2013 as against 5,786 units in the year-ago period, down by 17.73%.

The company’s exports went down by 23.77% during the month to 202 units from 265 units in March, 2012. Sales of light commercial vehicles, in the Indian market declined by 21.20% to 2,820 units during the month as compared to 3,588 units in the year-ago period while, Heavy commercial vehicle sales dipped by 21.65% to 876 units from 1,118 units in March 2012.

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