02 Sep 2024
VECV Sales Declined by 2.85% in August 2024, with 5,315 Units Sold
VECV, a partnership of Volvo Truck and Eicher Trucks, experienced a 2.85% loss in commercial vehicle (CV) sales in August 2024. The total number of VECVs sold in August 2024, including domestic and export sales, was 5,315, compared to 5,471 units in August 2023.
In August 2024, Eicher Trucks saw a 3.42% decline in overall commercial vehicle sales compared to August 2023. Domestic sales also dropped by 3.02%, with 4,852 units sold, down from 5,003 units in the same month last year.
Segment-Wise Sales:
The LMD (3.5-15T) segment sold 3,241 CV units in August 2024, which closed with 3,463 CV units in August 2023. This resulted in a 6.40% loss in sales.
In addition, the Heavy Duty (>18.5T) segment's sales also increased by 4.60%. This segment sold 1,611 units of CVs in August 2024, compared to 1,540 units last August.
Explore Sales Data:
The LMD segment of Export Eicher Truck sales data for July 2024 shows an increase of 0.60%. This segment completed sales of 169 CV units in August 2024, compared to 168 CV units in August 2023.
Additionally, the HD or heavy-duty segment of the brand also saw a decrease in sales. In August 2024, the segment sold 34 units of CV in exports, compared to 63 units in the same month last year, a 46% loss.
Overall, the Export Eicher Truck Sales statistics for August 2024 showed sales of 203 CV units, compared to 231 units in August 2023. The sales decreased by 12.12% year over year.
Volvo Truck Performance:
Volvo Trucks experienced a 9.70% increase, selling 260 units in August 2024, up from 237 units in August 2023.
Overall, VECV, the joint venture between Volvo Trucks and Eicher Trucks, sold 5,315 CV units in August 2024. The brand recorded a decrease of 2.85%, as the number of units sold in August 2023 was 5,471.
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