VE Commercial Vehicles Ltd. (VECV), a joint venture between Volvo Group and Eicher Motors, sold 7,402 units during May 2025, compared to 6,901 units in May 2024, translating into a growth of 7.3%. The sales number includes sales from EVs.
In the domestic sales SCV Trucks and LMD Trucks (<18.5T) sales stood at 3,236 units in May 2025 as against 2,809 units in May 2024, translating into a growth of 15.2%. Secondly, HD (≥18.5T) sales stood at 1,502 units in May 2025, when compared with 1,635 units in May 2024, down by 8.1%.
LMD Bus segment, on the other hand, recorded 1,882 units in May 2025 as against 1,718 units in May 2024, suggesting a YoY growth of 9.5%. Additionally, in the HD Bus segment, the total YoY domestic sales for the month of May 2025 stood at 138 units when compared with 142 units—suggesting a slide by 2.8%.
On the export front, VECV sold 289 units of LMD during May 2025 as against 267 units in May 2024, translating into a 8.2% growth. The HD during May 2025 stood at 93 units when compared with 15 units in May 2024, suggesting a 520% growth. Likewise, the company exported 119 units buses during May 2025 vis-a-vis 133 units in May 2024- a decline of 10.5%.
In operation since July 2008, VECV is a multi-brand, multi-division company comprising a range of Eicher trucks and buses, Volvo buses, exclusive distribution of Volvo trucks in India, engine manufacturing and export hub for the Volvo Group, non-automotive engines, and Eicher component business.
The company operates through nibe manufacturing facilities spread across India, supported by a strong dealership network of over 990 touchpoints. The company is exporting to over 40 countries.