VE Commercial Vehicles sells 5,637 units in May 2022
Modified On Jun 06, 2022 01:49 PM
Greater demand for light and medium trucks in the domestic market helped the firm to gain higher volume in the month.
Volvo Eicher Commercial Vehicles, a Volvo Group and Eicher Motors joint venture recorded sales of 5,637 units in May 2022 as compared to 1,223 units in May 2021 registering a growth of 360.9%. This includes units of Eicher brand and 133 units of Volvo brand of trucks and buses.
In the month, a total of 5,504 units of Eicher branded trucks and buses were sold as compared to 1,175 units in May 2021 representing a growth of 368.4%. This massive growth is largely due to the lower base last year as Covid related lockdowns disrupted manufacturing and retail operations.
In the domestic CV market, Eicher branded trucks & buses have recorded sales of 5,033 units in May 2022 as compared to 656 units in May 2021, representing a growth of 667.2%. While on the exports front, Eicher branded trucks & buses shipped 471 units in a month against 519 in the same period last year, down 9.2%. Volvo Trucks and Volvo Buses have recorded sales of 133 units in May 2022 as compared to 48 units in May 2021, registering a growth of 177.1%.
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