VE Commercial Vehicles sales down 19 pc at 5,042 units in Dec

VE Commercial Vehicles (VECV) on Wednesday reported a 19.1 percent decline in sales at 5,042 units in December as compared to 6,236 units in the same month in 2018. The company, which is a Volvo Group and Eicher Motors joint venture, said Eicher branded trucks and buses recorded a total sales of 4,910 units last month as compared to 6,113 units in December 2018, a decline of 19.7 percent.

In the domestic commercial vehicle market, Eicher branded trucks and buses clocked 4,410 units last month as compared to 5,112 units in December 2018, down 13.7 percent, the company said in a statement. Exports of Eicher branded trucks were at 500 units in December 2019 as compared to 1,001 units in December 2018, down 50 percent, it added.

Volvo Trucks recorded sales of 132 units in December 2019 as compared to 123 units in December 2018, a growth of 7.3 percent, the company said.