Eicher Motors Ltd.

BSE: 505200 | NSE: EICHERMOT
Large Cap | Automobile Two & Three Wheelers
6974.00
-73.55 (-1.04%)
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Eicher Motors’ JV reports 20% fall in May sales

Date: 03-06-2019

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.