VE Commercial Vehicles sells 8489 units in January 2025

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales of 8,489 units in January 2025 as compared to 7,066 units in January 2024, a growth of 20.1%. This includes 8,322 units of Eicher brand and 167 units of Volvo brand.

Following are details for January 2025:

• Eicher branded trucks & buses have recorded sales of 8,322 units in January 2025 as compared to 6,858 units in January 2024 representing a growth of 21.3%.
• In the domestic CV market, Eicher branded trucks & buses have recorded sales of 7,872 units in January 2025 as compared to 6,503 units in January 2024, representing a growth of 21.1%.
• On the Exports front, Eicher branded trucks & buses recorded sales of 450 units in January 2025 as compared to 355 units in January 2024, representing a growth of 26.8%
• Volvo Trucks and Volvo Buses recorded sales of 167 units in January 2025 as compared to 208 units in January 2024, representing a decline of 19.7%.

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.