VE Commercial Vehicles sells 5877 units in July 2023

VE Commercial Vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) recorded sales of 5877 units in July 2023 as compared to 5982 units in July 2022 recording a decline of -1.8%. This includes 5736 units of Eicher brand and 141 units of Volvo brand.

Following are the key highlights for July 2023:

• Eicher branded trucks & buses have recorded sales of 5736 units in July 2023 as compared to 5861 units in July 2022 representing a decline of -2.1%.
• In the domestic CV market, Eicher branded trucks & buses have recorded sales of 5311 units in July 2023 as compared to 5360 units in July 2022, representing a decline of -0.9%.
• On the Exports front, Eicher branded trucks & buses have recorded sales of 425 units in July 2023 as compared to 501 units in July 2022, representing a decline of -15.2%
• Volvo Trucks and Volvo Buses have recorded sales of 141 units in July 2023 as compared to 121 units in July 2022, representing a growth of 16.5%.

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.