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Eicher Motors' JV firm VE Commercial reports 7% fall in April sales

02 May 2013 Evaluate

Eicher Motors and Volvo Group’s joint venture firm, VE Commercial Vehicles (VECV) has reported a fall of 7.03% in its total sales of Eicher branded products at 3,917 units in April 2013, against 4,213 units in the same month in 2012.

The company’s domestic sales stood at 3,766 units in April 2013, down 4.97% as against 3,963 units in the year-ago period, while the exports tumbled by 39.6% during the month to 151 units from 250 units in April, 2012.

VECV's sales of light commercial vehicles in the Indian market dipped 10.63% to 2,126 units during the month from 2,379 units in April 2012, while the heavy commercial vehicle sales were lower by 35.29% to 506 units from 782 units in April 2012.

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