VE Commercial Vehicles sells 7112 units in October 2024

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales of 7112 units in October 2024 as compared to 7486 units in October 2023, a decline of 5.0%. This includes 6911 units of Eicher brand and 201 units of Volvo brand.

Following are details for October 2024:

Eicher branded trucks & buses have recorded sales of 6911 units in October 2024 as compared to 7278 units in October 2023 representing a decline of 5.0%
In the domestic CV market, Eicher branded trucks & buses have recorded sales of 6611 units in October 2024 as compared to 7077 units in October 2023, representing a decline of 6.6%.
On the Exports front, Eicher branded trucks & buses recorded sales of 300 units in October 2024 as compared to 201 units in October 2023, representing a growth of 49.3 %.
Volvo Trucks and Volvo Buses recorded sales of 201 units in October 2024 as compared to 208 units in October 2023, representing a decline of 3.4%.

Disclaimer:

All statements included or incorporated by reference in this media release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry, management's beliefs and certain assumptions made by us. Although VE Commercial Vehicles believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which such statement was made, and VE Commercial Vehicles undertakes no obligation to Update or revise any forward- looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits can be derived from them.