SML Isuzu and VECV Register Growth in February 2017
Published On Mar 02, 2017
VE Commercial Vehicles and SML Isuzu have both registered growth in the number of truck and buses sold during February 2017. VECV, selling 5499 trucks and buses during February 2017 has posted 9.3 percent growth in comparison to 5032 commercial vehicles it had sold during the same month last year. SML Isuzu, on the other hand, has also reported 13.4 percent growth in February 2017.
Japan based auto maker SML Isuzu, famous for Sartaj Truck in India, managed to sell 1145 auto units during the month of February 2017. The number is 131 units more than what SML Isuzu had sold during February 2016. The CV maker has also reported an overall growth of 18.6 percent during the April-September 2016 time period. It sold 13090 CV units during the current year, in comparison to 11044 commercial vehicles it had sold during the same period, last year.
VECV, the collaboration between Volvo and Eicher, has also reported promising figures during February 2017. It managed to sell a total of 5,499 trucks and buses during the month. This number is inclusive of 5372 Eicher commercial vehicle units and 120 Volvo trucks and buses. Overall, the brand, grew by a promising 9.3%. VECV had only sold 5032 trucks and buses in February 2016.
However, the brand slipped in terms of its export figures. It only managed to export 551 CV units during February 2017. The number is 121 units short of 672 CVs VECV had exported during February 2016.
This increasing trucks and buses sales pattern is a clear indicator of the normalising cash flow in the country. March 2017, is being anticipated as a golden month for truck makers in India. Experts have predicted truck sales to go up before the mandatory AC and BS-IV emission norms kick in.