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Eicher Motors Ltd.
BSE: 505200 | NSE: EICHERMOT
Large Cap | Automobile Two & Three Wheelers
7314.85
-39.65 (-0.54%) Eicher Motors’ JV firm VE Commercial reports 18% decline in August sales
Date: 02-09-2013Eicher Motors and Volvo Group’s 50:50 joint venture firm, VE Commercial Vehicles (VECV) has reported 17.95% decline in total sales of Eicher branded products at 3,207 units in August 2013. The company had sold 3,909 units in the same month last year.
The domestic sales stood at 2,757 units in August 2013 as against 3,712 units in the year-ago period, down 25.7%. On the exports front, Eicher trucks and buses have recorded sales of 450 units in August 2013 as compared to 197 units in August 2012, representing a growth of 128.42%.