VE Commercial Vehicles sells 7289 units in February 2023

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales of 7289 units in February 2023 as compared to 5856 units in February 2022 recording a growth of 24.5%. This includes 7100 units of Eicher brand and 189 units of Volvo brand.

Following are the key highlights for February 2023:

• Eicher branded trucks & buses have recorded sales of 7100 units in February 2023 as compared to 5745 units in February 2022 representing a growth of 23.6%.
• In the domestic CV market, Eicher branded trucks & buses have recorded sales of 6799 units in February 2023 as compared to 5093 units in February 2022, representing a growth of 33.5%.
• On the Exports front, Eicher branded trucks & buses have recorded sales of 301 units in February 2023 as compared to 652 units in February 2022, representing a decline of 53.8%
• Volvo Trucks and Volvo Buses have recorded sales of 189 units in February 2023 as compared to 111 units in February 2022, representing a growth of 70.3%.

Disclaimer:

All statements included or incorporated by reference in this media release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry, management's beliefs and certain assumptions made by us. Although VE Commercial Vehicles believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which such statement was made, and VE Commercial Vehicles undertakes no obligation to Update or revise any forward- looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits can be derived from them.