Moneycontrol PRO
HomeNewsBusinessEarningsVE Commercial Vehicles total sales up 24% in February

VE Commercial Vehicles total sales up 24% in February

The company, a joint venture of the Volvo Group and Eicher Motors, had sold 5,856 units in February 2022, VE Commercial Vehicles (VECV) said in a statement.

March 01, 2023 / 19:40 IST

VE Commercial Vehicles on Wednesday reported a 24 per cent growth in total sales at 7,289 units in February.

The company, a joint venture of the Volvo Group and Eicher Motors, had sold 5,856 units in February 2022, VE Commercial Vehicles (VECV) said in a statement.

Last month sales included 7,100 units of Eicher brand and 189 units of Volvo brand, it added.

In the domestic commercial vehicles market, Eicher branded trucks and buses recorded sales of 6,799 units last month as compared to 5,093 units in February 2022.

Exports of Eicher branded trucks and buses, however, declined 54 per cent at 301 units, as compared to 652 units in February 2022, it added.

PTI
first published: Mar 1, 2023 07:40 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347