VE Commercial Vehicles Records 4,499 Unit Sales in November 2024

Eicher CV Domestic Sales Grow by 1.00%, Export Sales Surge 58.00%

In November 2024, VE Commercial Vehicles (VECV), a joint venture between Volvo Trucks and Eicher Motors, achieved sales of 4,499 units, marking a 4.00% growth compared to the 4,333 units sold in November 2023. While domestic sales saw a modest increase, the export segment recorded impressive growth, reflecting the brand's expanding international presence.

Eicher Commercial Vehicle Sales in November 2024

Eicher commercial vehicles, a key component of VECV's sales portfolio, recorded a total of 4,284 units sold in November 2024. This represents a 4.00% increase over the 4,128 units sold in November 2023. The growth was driven by an uptick in the Low & Medium Duty (LMD) segment, offsetting the slight decline in the Heavy Duty (>18.5T) segment.

Domestic Sales Performance

Overall, Eicher's domestic sales saw a slight increase of 1.00%, with a total of 3,980 units sold compared to 3,936 units in November 2023.

• LMD Trucks (3.5-18.5T): This segment performed well with a 5.00% increase, selling 2,701 units in November 2024, up from 2,579 units in the previous year.
• Heavy Duty (>18.5T): The heavy-duty segment experienced a decline of 6.00%, with 1,279 units sold compared to 1,357 units in November 2023.

Export Sales Performance

Eicher's export sales in November 2024 showed remarkable growth, with total exports reaching 304 units, a 58.00% increase from the 192 units sold in November 2023.

• Low & Medium Duty Exports: This segment saw a strong 75.00% surge, with 293 units sold compared to 167 units in November 2023.
• Heavy Duty Exports: On the other hand, the heavy-duty export segment saw a significant decline of 56.00%, with just 11 units sold compared to 25 units in the previous year.

Volvo Truck Sales

Volvo Truck sales in November 2024 stood at 215 units, reflecting a 5.00% increase from 205 units sold in November 2023.

Combined Total for VECV

The combined total for VECV, which includes both Eicher and Volvo truck sales, reached 4,499 units in November 2024, up 4.00% from 4,333 units sold in November 2023.
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