VE Commercial Vehicles Limited (VECV), the unlisted subsidiary of Eicher Motors Limited, has reported a positive sales performance for the month of May 2025. The company achieved a total sales volume of 7,402 units, registering a growth of 7.3% compared to 6,901 units sold in May 2024. This includes sales across all segments such as Eicher Trucks and Buses (inclusive of electric vehicles), as well as Volvo-branded vehicles.
Eicher-branded trucks and buses, which form the core of VECV’s business, saw sales of 7,258 units in May 2025, up from 6,719 units in the same period last year, reflecting an 8.0% year-on-year growth. This performance was driven by strong demand in the domestic market, particularly in the light and medium-duty (LMD) truck and bus segments. The domestic sales stood at 6,758 units, showing a 7.2% increase from 6,304 units in May 2024.
Within the domestic market, the SCV/LMD truck segment (vehicles under 18.5 tonnes) witnessed a robust 15.2% growth, with 3,236 units sold in May 2025 as compared to 2,809 units a year ago. The LMD bus segment also posted healthy growth of 9.5%, delivering 1,882 units against 1,718 units in May 2024. On the other hand, the heavy-duty (HD) truck segment (vehicles 18.5 tonnes and above) experienced a slight decline of 8.1%, with sales slipping to 1,502 units from 1,635 units. Similarly, the HD bus segment reported a marginal drop of 2.8% year-on-year.
Export markets offered a strong performance boost, with total export volumes rising by 20.7% to 501 units in May 2025, compared to 415 units in May 2024. The growth was largely led by the HD export segment, which surged by an impressive 520% year-on-year. Exports of LMD vehicles also improved by 8.2%, while the bus segment witnessed a decline of 10.5%.
Meanwhile, Volvo Trucks and Buses sales stood at 144 units in May 2025, down from 182 units in the same month last year, reflecting a 20.9% drop. This decline had a modest impact on the overall performance, as Eicher-branded vehicles continue to dominate VECV’s portfolio.
Cumulatively for the first two months of FY 2025-26, VECV has sold 14,248 units, a 16.0% increase over the 12,278 units sold in the same period of FY 2024-25. The domestic market contributed 13,015 units during this period, marking a 16.2% growth. Exports also rose significantly by 24.6%, totaling 961 units. Notably, the SCV/LMD truck category grew by 18.0%, while the LMD bus segment surged by 31.5%, reflecting VECV’s growing strength in these segments.
