VE Commercial Vehicles Sales Report October 2022 Hiked By 5.67% in Domestic Market

News Date 01 Nov 2022

VE Commercial Vehicles Sales Report October 2022 Hiked By 5.67% in Domestic Market

Volvo brand operates in partnership with the brand Eicher Motors in India to manufacture its commercial vehicles for the Indian commercial vehicle market. Volvo Eicher Commercial Vehicle Truck Sales Report October 2022 reveals a slight decline of 3.95%. 

In October, Truck Sales Statistics 2022 of Eicher Motors registered gross sales of 4,865 units in the CV domestic market compared to the 4,604 units gross sales in October 2021. This Truck Sales Data 2022 for October shows a 5.67% sales growth in truck sales in India.

For Volvo Eicher Commercial Vehicle, the October 2022 total truck sales were recorded at 5,275 units, as compared to 5,492 units in October 2021. It leads to a 3.95% decrease in sales. Eicher Truck Sales Report October 2022 witnesses the CV sales of 5,148 units showing a downfall of 4.24% as the 5,376 units were sold in October last year. 

In the LMD (3.5T-15T) segment, Eicher Motors Truck Sales figures for 2022 show a 10% decline in its sales, with 3,346 units sold in October 2022, as compared to 3,716 units in October 2021. However, for the Heavy Duty (HD) segment, a remarkable growth of 71.10% was recorded, with sales of 1,519 units in October 2022 compared to 888 units in October 2021.

In October 2022, the export truck sales data shows a significant decline of 63.34% for Eicher Motors. Low and Medium Duty (LMD) vehicles observed a sales decline of 60.80%, as the units sold in October 2022 were 208, whereas the units sold for October 2021 were 531. The Heavy Duty segment also observed a decline of 68.90% in sales as it sold 75 units in October 2022, as compared to 241 units sold in October 2021. 

Overall the export truck sales data 2022 of Eicher Motors witnessed a significant downfall of 63.34% by selling only 283 units in October 2022, compared to 772 units sold in October 2021.

VECV sales report 2022 October saw a slight growth of 9.50%, with 127 units of total Volvo sales in October 2022, comparing 116 units in October 2021. 

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