VE Commercial Vehicles sells 5574 units in November 2024

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales of 5574 units in November 2024 as compared to 5194 units in November 2023, a growth of 7.3%. This includes 5359 units of Eicher brand and 215 units of Volvo brand.

Following are details for November 2024:

Eicher branded trucks & buses have recorded sales of 5359 units in November 2024 as compared to 4989 units in November 2023 representing a growth of 7.4%.
In the domestic CV market, Eicher branded trucks & buses have recorded sales of 4957 units in November 2024 as compared to 4686 units in November 2023, representing a growth of 5.8%.
On the Exports front, Eicher branded trucks & buses recorded sales of 402 units in November 2024 as compared to 303 units in November 2023, representing a growth of 32.7%
Volvo Trucks and Volvo Buses recorded sales of 215 units in November 2024 as compared to 205 units in November 2023, representing a growth of 4.9%.

Disclaimer:

All statements included or incorporated by reference in this media release, other than statements or characterizations of historical fact, are forward‐looking statements. These forward‐looking statements are based on our current expectations, estimates and projections about our industry, management's beliefs and certain assumptions made by us. Although VE Commercial Vehicles believes that the expectations reflected in such forward‐looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Any forward‐looking statement speaks only as of the date on which such statement was made, and VE Commercial Vehicles undertakes no obligation to Update or revise any forward‐ looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward‐looking statements within this disclosure will occur, or if they do, that any benefits can be derived from them.