The two parties have signed a memorandum of understanding, which envisages VE Commercial Vehicles (VECV) supplying 1,000 Eicher electric buses to GreenCell's intercity bus business NueGo.
VE Commercial Vehicles (VECV), a joint venture of the Volvo Group and Eicher Motors, had sold 5,525 units in April 2022, Eicher Motors said in a regulatory filing.
The company, a joint venture of the Volvo Group and Eicher Motors, said Eicher branded trucks and recorded sales of 11,677 units last month, as compared to 8,581 units in March 2022, up 36.1 per cent, the company said in a statement.
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.
The company, a joint venture of the Volvo Group and Eicher Motors, had sold 6,154 units in December 2021, VE Commercial Vehicles (VECV) said in a statement.
Sales of Eicher branded trucks and buses were at 4,893 units last month as against 4,667 units in the year-ago period, a growth of 4.8 per cent. Domestic sales of Eicher trucks and buses stood at 4,530 units as compared to 3,864 units in August 2021, while exports were at 363 units, down from 803 units earlier.
VE Commercial Vehicles Ltd (VECV), an unlisted subsidiary, had sold 3,710 units in the same month last year, Eicher Motors said in a regulatory filing.
The company had sold 1,358 units in June 2020, when sales were impacted by the nationwide lockdown imposed to curb spread the pandemic although easing of restrictions had started then.
The company had sold only 85 units in the same month last year when sales were hit by the nationwide lockdown imposed to curb the spread of the COVID-19 pandemic.
VECV had sold total 1,499 units of commercial vehicles in March last year when COVID-19 induced lockdown affected sales.
VECV had sold 3,538 units in the same month last year, Eicher Motors said in a regulatory filing.
The company, which is a Volvo Group and Eicher Motors joint venture, said Eicher branded trucks and buses recorded a total sales 4,910 units last month as compared to 6,113 units in December 2018, a decline of 19.7 percent.
Eicher branded trucks and buses recorded total sales of 6,113 units in December 2018 as compared to 5,955 units in the year-ago month, up 2.6 percent, it added.
The company had posted sales of 5,228 units in October 2017, VE Commercial Vehicles (VCEV) said in a statement.
Eicher branded trucks and buses posted a total sales of 5,916 units last month as against 4,320 units in July, 2017, up 36.9 per cent, it said.
Vinod Aggarwal, managing director and chief executive of VE Commercial Vehicles said the company has started exporting its vehicles to Indonesia and South Africa and some 9,000 units were shipped out last year.
The company, a joint venture between Volvo Group and Eicher Motors, had sold 4,071 units in December 2016, VE Commercial Vehicles (VECV) said in a statement.
The company, a joint venture between Volvo Group and Eicher Motors, had sold 3,174 units in the same month last year, VE Commercial Vehicles (VECV) said in a statement.
The company, a joint venture between Volvo Group and Eicher Motors, had sold 4,191 units in the same month last year, VE Commercial Vehicles (VECV) said in a statement.
The company is offering price reductions from 1.5 per cent up to 5 per cent on its range of trucks and buses. The price cut varies model wise and state wise.
Commercial vehicles maker VE Commercial Vehicles today reported 20.8 per cent decline in total sales at 4,573 units in May.
VE Commercial Vehicles today reported an 8.5 per cent increase in total sales at 7,327 units for March.
The company, a joint venture between Sweden's Volvo Group and Eicher Motors, said total sales of Eicher-branded trucks and buses also increased by 9 percent to 5,379 units in February compared to 4,936 units in the corresponding month last year.
VE Commercial Vehicles today reported 19.8 percent rise in total sales in January at 4,515 units as compared to 3,768 units in the same period last year.
The company, a joint venture between Sweden's Volvo Group and Eicher Motors, said total sales of Eicher-branded trucks and buses also decreased by 20.2 percent to 3,946 units in December compared with 4,946 units in the corresponding month last year.