Eicher Motors reported a 7.3% year-on-year growth in total sales in VE Commercial Vehicles, achieving 5,574 units in November 2024 compared to 5,194 units in November 2023. This growth reflects steady demand across both domestic and export markets.
Sales Performance Overview (November 2024)
Domestic Sales
- Total domestic sales: 4,957 units, up 5.8% from 4,686 units in November 2023.
- LMD Trucks (3.5–18.5T): Sales increased by 4.7% to 2,701 units from 2,579 units.
- HD Trucks (>18.5T): Sales declined slightly by 5.7%, with 1,279 units compared to 1,357 units last year.
- LMD Bus: Strong performance with sales surging 38.4%, reaching 844 units compared to 610 units in November 2023.
- HD Bus: Sales dropped 5.0%, with 133 units sold compared to 140 units in the same period last year.
Exports
- Total exports: 402 units, marking a robust 32.7% growth from 303 units in November 2023.
- LMD Exports: Increased significantly by 75.4%, reaching 293 units compared to 167 units.
- HD Exports: Declined by 56.0%, with only 11 units compared to 25 units last year.
- Bus Exports: Declined by 11.7%, with 98 units compared to 111 units.
Volvo Trucks & Buses
- Total Volvo Trucks & Buses sales rose 4.9%, reaching 215 units compared to 205 units in November 2023.
Year-to-Date (April–November 2024)
- Total sales (Domestic + Export): 53,162 units, up 2.6% from 51,802 units during the same period last year.
- Domestic sales: 48,582 units, growing 1.3% year-on-year.
- Export sales: 3,024 units, increasing by a significant 33.3%.
Key Highlights
- Strong export growth, particularly in the LMD segment, demonstrates expanding international demand.
- Domestic sales were driven by higher demand for LMD trucks and buses, with rural and urban transport sectors showing resilience.
