Eicher Motors’ joint venture (JV) – VE Commercial Vehicles has reported 20.8 percent decline in total sales at 4,573 units in May. The company had sold 5,771 units in the same month last year. In the domestic market, Eicher brand posted sales of 3,953 units as against 4,705 units in May last year, a decline of 16 percent. On the export front, 586 units of Eicher branded commercial vehicles were shipped as compared to 1,005 units in the year-ago month, down 41.7 percent.
Eicher branded trucks and buses recorded total sales of 4,539 units last month as compared to 5,710 units in May 2016, down 20.5 percent. Volvo trucks recorded sales of 34 units in May 2017 as compared to 61 units in the same month last year, a decline of 44.3 percent.
Eicher Motors is one of the leading manufacturers of commercial vehicle. It has manufacturing facilities located in Madhya Pradesh, Tamil Nadu, Maharashtra, and Haryana. VE Commercial Vehicles is a JV between Volvo AB and Eicher Motors.