VE Commercial Vehicles Records 6,196 Units Sold in October 2024

Eicher CV Domestic Sales Decline by 3.67%, Export Sales Grow 38.85%

In October 2024, VE Commercial Vehicles (VECV), a joint venture between Volvo Trucks and Eicher Motors, achieved sales of 6,196 units, a 2.61% decline compared to the 6,362 units sold in October 2023. Despite a dip in domestic sales, strong export growth highlighted the brand’s expanding global presence.

Eicher Commercial Vehicle Sales in October 2024

Eicher commercial vehicles, which constitute a substantial part of VECV’s sales portfolio, achieved 5,995 units in October 2024. This figure indicates a small decline of 2.58% compared to the 6,154 units sold in October 2023. The decrease was primarily attributed to a reduction in domestic sales within certain segments. However, Eicher’s export sales saw impressive growth, reinforcing its global footprint.

Domestic Sales Performance

Overall, Eicher's domestic sales decreased by 3.67%, with total domestic units at 5,777, down from 5,997 in October 2023.

LMD Trucks (3.5-18.5T): This segment saw a slight drop of 1.30%, with 3,765 units sold compared to 3,815 units in October 2023.

Heavy Duty (>18.5T): Sales in the heavy-duty segment declined by 7.80%, with 2,012 units sold versus 2,182 units last year.

Export Sales Performance

Eicher's export sales in October 2024 surged, with total exports reaching 218 units, a 38.85% increase from 157 units in October 2023.

Low & Medium Duty Exports: Sales increased by 25.30%, with 183 units sold compared to 146 units in October 2023.

Heavy Duty Exports: This segment saw exceptional growth of 218.20%, with 35 units sold versus 11 units last year.

Volvo Truck Sales

Volvo Truck sales in October 2024 stood at 201 units, a slight 3.40% decrease from 208 units in October 2023. The 

VECV’s overall combined total for VECV, which includes Eicher truck and Volvo truck sales, reached 6,196 units, down 2.61% from October 2023's 6,362 units.

Are you looking to buy or sell a new or used truck or get a truck loan? At Truck Junction, you can select your vehicle according to category and budget with just one click. You can also download the Truck Junction Mobile Application to stay informed about the latest news related to the truck industry.

Follow us for the Latest Truck Industry Updates -

☞ Facebook - https://bit.ly/TruckFB

☞  Instagram - https://bit.ly/TruckInsta

☞ YouTube   - https://bit.ly/TruckYT