VE Commercial Vehicles (a Volvo Group and Eicher Motors joint venture) recorded sales of 11,906 units in March 2023 as compared to 8,803 units in March 2022 recording a growth of 35.2 per cent. This includes 11,677 units of the Eicher brand and 229 units of the Volvo brand.

Following are the key highlights for March 2023:

• Eicher branded trucks and buses have recorded sales of 11,677 units in March 2023 as compared to 8,581 units in March 2022 representing a growth of 36.1 per cent.
• In the domestic CV market, Eicher branded trucks and buses have recorded sales of 11,263 units in March 2023 as compared to 7,929 units in March 2022, representing a growth of 42 per cent
• On the exports front, Eicher branded trucks and buses have recorded sales of 414 units in March 2023 as compared to 652 units in March 2022, representing a decline of 36.5 per cent
• Volvo Trucks and Volvo Buses have recorded sales of 229 units in March 2023 as compared to 222 units in March 2022, representing a growth of 3.2 per cent

VECV is a joint venture between the Volvo Group and Eicher Motors. In operation since December 2008, the company includes the complete range of Eicher branded trucks and buses, Volvo Buses, exclusive distribution of Volvo Trucks in India, engine manufacturing and exports for Volvo Group, non-automotive engines and Eicher component business. A multi-brand, multi-division company, backed by innovative products and services, VECV today, is recognised as an industry leader for modernising commercial transportation in India and the developing world.