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01 Nov 2023
Automobile

VECV Truck Sales Rose by 20.61% in Oct 2023: Sold 6362 CV Units

By News Date 01 Nov 2023

VECV Truck Sales Rose by 20.61% in Oct 2023: Sold 6362 CV Units

Eicher Trucks sold 5997 units of Commercial vehicles, recording a 23.27% rise in the October Y-O-Y sales.  

VECV, the joint venture of Volvo Trucks & Eicher Trucks, has experienced a hike in their Commercial Vehicle Sales. The total domestic sales of Eicher is 5997 units of CV in Oct 2023 against the 4865 units in Oct 2022. As a result, the brand closed the month with 23.27% growth in October Y-o-Y sales.

The total sales of Eicher VECVs in October 2023 were 6362 units, compared to 5275 units in October 2022. This resulted in a growth of 20.61% overall, including domestic and international sales.   

The LMD (3.5-15T) segment sold 3815 CV units in October 2023, which closed with 3346 CV units in October 2022. It resulted in a 14.01% growth in sales. In addition, the Heavy Duty segment grew by 43.64% in sales. This segment sold 2182 units of CVs in Oct 23, against the 1519 units of last October.  

The sales of Volvo trucks took a giant leap, experiencing a growth of 63.80%. The sold units of this brand were 127 in October 2022, which ended October 2023 with 208 sold units.

Explore VECV Export Truck Sales Data Oct 2023

The export Eicher Truck sales data for October 2023 shows a decline of 29.80%. The LMD segment completed sales of 146 CV units in October 2023, against the 208 CV units of October 2022. 

On the other hand, the HD or heavy-duty segment of the brand also experienced a drop in sales. The segment sold 11 units of CV in exports in October 2023, which was 75 units in the same month last year. It resulted in an 85.30% fall in sales. 

The export Eicher Truck Sales statistics for October 2023 showed sales of 157 CV units, against 283 units in October 2023. The sales dropped by 44.52% in October Y-o-Y. 

In the overall VECV sales report for October 2023, 6,362 units were sold, compared to 5,275 in July 2022.

VECV, the joint venture between Volvo Trucks and Eicher Trucks, sold 6362 CV units in October 2023. The brand recorded a growth of 20.61% as the units sold in October 2022 were 5275.

Are you looking to buy or sell a new truck or a used truck, or get a truck loan? Select your truck according to category and other facilities at Truck Junction with just one click. You can also download the Truck Junction Mobile Application to know the latest news related to the truck industry.

Are you looking to buy or sell a new truck or a used truck, or get a truck loan, Select your truck according to category and other facilities at Truck Junction with just one click, and download the Truck Junction Mobile Application to know the latest news related to the truck industry.

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