Volvo Eicher Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, sold 7181 units in January 2023, up 32.1% from 5434 units in January 2022. This comprises 6992 Eicher brand vehicles and 189 Volvo brand vehicles.
In terms of sales volume, the company noted in a statement that Eicher branded trucks and buses sold 6992 units in January 2023, compared to 5325 units in January 2022, marking a 31.3% increase.
In the domestic CV market, Eicher branded trucks and buses sold 6791 units in January 2023, up from 4523 units in January 2022, marking a 50.1% increase. In terms of exports, Eicher sold 201 units in January 2023, compared to 802 units in January 2022, showing a 74.9% decrease.
Volvo Trucks and Volvo Buses, on the other hand, sold 189 units in January 2023, up from 109 units in January 2022, marking a 73.4 % increase.