Eicher Motors Limited announced the sales performance of its unlisted subsidiary, VE Commercial Vehicles Limited (VECV), for December 2024. The total sales volume increased by 3.7% year-on-year (YoY) to 8,324 units compared to 8,026 units in December 2023.
Key Highlights for December 2024:
- Eicher Trucks and Buses: 8,035 units, a 3.2% YoY growth.
- Domestic Sales: Increased by 1.0% to 7,545 units.
- LMD Trucks (3.5-18.5T): Declined by 5.9% to 3,641 units.
- LMD Buses: Grew by 18.4% to 1,582 units.
- HD Trucks (≥18.5T): Increased by 2.3% to 2,137 units.
- HD Buses: Rose by 5.1% to 185 units.
- Exports: Grew significantly by 52.6% to 490 units.
- LMD Exports: Rose by 94.5% to 319 units.
- HD Exports: Increased by 17.6% to 40 units.
Year-to-Date (YTD) Performance (April-December 2024):
- Total VECV Sales: 61,486 units, reflecting a 2.8% YoY growth.
- Domestic Sales: Increased by 1.3% to 56,127 units.
- Exports: Rose by 35.7% to 3,514 units.
The strong export performance highlights VECV’s growing presence in international markets.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Always consult a financial advisor or refer to official company filings for detailed insights.
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Eicher Motors