Vecv

VE Commercial Vehicles (VECV) -- a joint venture of the Volvo Group and Eicher Motors -- sold 6,567 units in April 2023, Eicher Motors said in a regulatory filing.

VECV sales grow 11.1% to 8,026 units in Dec 2023

VE Commercial Vehicles (VECV), a joint venture of the Volvo Group and Eicher Motors, had sold 7,221 units in December 2022, Eicher Motors said in a regulatory filing.

VECV November sales up 6% at 5,194 units

VE Commercial Vehicles (VECV), a joint venture of the Volvo Group and Eicher Motors, had sold 4,903 units in November 2022, Eicher Motors said in a regulatory filing.

Low rural incomes continue to impact sales of entry-level two-wheelers, cars: SIAM president

Another possible factor that is hurting entry-level segment sales is the preference for utility vehicles.

Eicher Motors Q1 results: Net profit rises 50% to Rs 918 crore, beats estimates

The company claimed that this is its best ever Q1 performance, and is also the fourth consecutive quarter of highest ever revenue from operations and PAT

VECV expects up to 5 pc rise in vehicle prices with onset of stricter emission norms from April

The Indian automobile industry is currently working to make its products meet the second phase of Bharat Stage VI, equivalent to Euro-VI emission norms, in real-time driving conditions. Four-wheeler passenger and commercial vehicles will need more sophisticated equipment to be added to meet the next level of emission standards.

Commercial vehicle sales to cross 4.35 lakh units in FY23, says MD of VECV

In the fiscal year ended March 2020, when the pandemic hit the country, the industry had retailed a total of 3,34,425 units.

Volvo 9600 intercity sleeper buses launched; hybrid and electric variants unlikely

Just like other Volvo Buses, the coaches on the Volvo 9600 platform will be manufactured at its Hosakote plant in Karnataka.

VECV sales up 4% at 5,228 units in January

The company, a joint venture between Volvo Group and Eicher Motors, had sold 5,673 units in the same month last year, VE Commercial Vehicles (VECV) said in a statement.

VECV rolls out six new heavy duty trucks to cater to various segments

The company, which is already very strong in the mining space, now aims to bolster its presence in other segments like construction, haulage and e-commerce

Auto industry runs into COVID surge speed bump

Among automobile segments, commercial vehicles (CVs) suffered a major disappointment as their monthly volumes declined significantly

VECV sales dip 13% at 5,906 units in January

The company had sold 6,801 units in January 2018, VE Commercial Vehicles (VECV) said in a statement.

Commercial vehicle mkt share up at 12% on strong demand: Eicher

Company's overall capacity (bus and trucks) is 5000 per month and it aims to take it to 7000 per month by the year end, says Vinod Aggarwal of Eicher Motors to CNBC-TV18.

Kerala tribunal order won't hit M&M: LKP Securities

Unless bigger states like Maharashtra, Andhra Pradesh, Uttar Pradesh and Gujarat face a similar situation, M&M and other motor companies won't be impacted, says Ashwin Patil of LKP Securities.

VECV launches Eicher Pro 6000 series to raise market share

The company is also looking to increase its exports from India, which currently stands at 14 percent of total volumes.

Volvo sells 4.7% stake in Eicher Motors for Rs 1,920 cr

Swedish commercial vehicle major AB Volvo sold around 4.7 per cent stake in Eicher Motors for USD 310 million (over Rs 1,920 crore).

Eicher Motors to invest Rs 700cr in next 12-18 months

Volvo is positioning Eicher as an emerging market brand and pointed out that it has doubled market share in last five years since this JV in 2008, says MD & CEO Siddharth Lal.

Eicher Motors Q2 PAT up 12% at Rs 125.8 cr

The company had reported profit after tax of Rs 112.55 crore in the same quarter of 2012-13 fiscal.

Eicher Motor Jan sales up 1% at 3,736 units

VECV Commercial Vehicles, a 50-50 joint venture between Sweden's Volvo Group and Eicher Motors, sold 3,736 Eicher branded trucks and buses in January, up 1 percent from a year ago.

Eicher Motor slips over 2% as Sept sales fall 32%

Volvo Eicher Commercial Vehicles (VECV), a joint venture between Volvo group and Eicher Motors, reported a 32% year-on-year drop in sales of Eicher branded trucks and buses in September at 3,150 units. Shares of Eicher Motors tumbled over 2% following the disappoiting news on Monday.

Strong bus demand to drive sales this year: Volvo Eicher

Volvo Eicher Commercial Vehicles is betting on strong demand for buses to drive earnings, even as the industry grapples with sluggish sales of medium and heavy duty trucks this year.

Eicher Motors to pump in Rs 900 cr on capex in 2-3 years

Eicher Motors will invest over Rs 900 crore over the next 2-3 years towards various expansion plans, including a new medium duty engine plant in joint venture with Sweden’s Volvo Group and a new manufacturing plant near Chennai for its Royal Enfield motorcycles.