VE Commercial Vehicles' June 2024 wholesales see 10.6% YoY increase to 7424 units

VE Commercial Vehicles Limited (VECV) is a joint venture between the Volvo Group and Eicher Motors Limited, reported sales of 7424 units in June 2024  compared to 6715 units in June 2023, a growth of 10.6%.

This includes 7314 units of the Eicher brand and 110 units of the Volvo brand, the company said in a statement on Tuesday.

Elaborating further, the company noted that the  Eicher branded trucks & buses recorded sales of 7314 units in June 2024 as compared to 6527 units in June 2023, representing a growth of 12.1%.

In the domestic CV market, Eicher branded trucks and buses recorded sales of 6893 units in June 2024, compared to 6277 units in June 2023, representing a growth of 9.8%. On the export front, Eicher branded trucks and buses recorded sales of 421 units in June 2024, compared to 250 units in June 2023, representing a growth of 68.4%.

Volvo Trucks and Volvo Buses recorded sales of 110 units in June 2024 as compared to 188 units in June 2023, representing a decline of 41.5%.