VE Commercial Vehicles sells 6289 units in May 2023

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales of 6289 units in May 2023 as compared to 5637 units in May 2022 recording a growth of 11.6%. This includes 6076 units of Eicher brand and 213 units of Volvo brand.

Following are the key highlights for May 2023:

• Eicher branded trucks & buses have recorded sales of 6076 units in May 2023 as compared to 5504 units in May 2022 representing a growth of 10.4%.
• In the domestic CV market, Eicher branded trucks & buses have recorded sales of 5826 units in May 2023 as compared to 5033 units in May 2022, representing a growth of 15.8%.
• On the Exports front, Eicher branded trucks & buses have recorded sales of 250 units in May 2023 as compared to 471 units in May 2022, representing a decline of 46.9%
• Volvo Trucks and Volvo Buses have recorded sales of 213 units in May 2023 as compared to 133 units in May 2022, representing a growth of 60.2%.

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.