VE Commercial Vehicles sells 6307 units in June 2022

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales of 6307 units in June 2022 as compared to 2438 units in June 2021 recording a growth of 158.7%. This includes 6185 units of Eicher brand and 122 units of Volvo brand.

Following are the key highlights for June 2022:

• Eicher branded trucks & buses have recorded sales of 6185 units in June 2022 as compared to 2370 units in June 2021 representing a growth of 161%.
• n the domestic CV market, Eicher branded trucks & buses have recorded sales of 5584 units in June 2022 as compared to 1760 units in June 2021, representing a growth of 217.3%. ? On the Exports front, Eicher branded trucks & buses have recorded sales of 601 units in June 2022 as compared to 610 units in June 2021, representing a decline of 1.5%
• Volvo Trucks and Volvo Buses have recorded sales of 122 units in June 2022 as compared to 68 units in June 2021, representing a growth of 79.4%.

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.