VE Commercial Vehicles sales zooms 18% in July

NEW DELHI: VE Commercial Vehicles today reported an 18.3 per cent increase in total sales in July at 4,374 units as against 3,698 units last year.

The company, a joint venture between Sweden's Volvo Group and Eicher Motors, said Eicher-branded trucks and buses recorded total sales of 4,315 units in July compared with 3,652 units in the corresponding month last year, up 18.2 per per cent.

In the domestic market, sales of Eicher trucks and buses stood at 3,664 units in July compared with 3,050 units in the year-ago month, up 20.1 per cent, VECV said in a statement.

Exports of Eicher trucks and buses stood at 651 units in July as against 602 units in the same month last year, a growth of 8.1 per cent.

Volvo trucks recorded a 28.3 per cent increase in sales at 59 units last month compared with 46 units in July 2015, the company added.