Volvo Eicher Commercial Vehicles (VECV) Records December 2024 Sales of 6,426 Units

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Updated On: 02-Jan-2025 06:02 AM

VECV achieved 6,426 sales in December 2024, with strong export growth but a slight domestic decline, reflecting steady performance.

Key Highlights

Total sales up 0.55%, reaching 6,426 units.
Domestic sales fell 2.99% to 5,778 units.
LD Trucks sales declined 5.87% to 3,641 units.
Heavy Duty sales grew 2.35% to 2,137 units.
Exports surged 81.31%, led by 94.51% LMD growth.

Volvo Eicher Commercial Vehicles (VECV) achieved a sales milestone in December 2024, reporting 6,426 units sold. This marks a slight growth of 0.55% compared to December 2023, when 6,391 units were sold.

VECV, a partnership between Volvo Trucks and Eicher Trucks, recorded mixed results across its domestic and export markets.

Key Highlights from December 2024 Sales Data

Sales Overview Table

Segment	December 2024	December 2023	Growth %
Total Eicher CV Sales	6,137	6,154	-0.28%
LD Trucks and LMD (3.5-18.5T)	3,641	3,868	-5.87%
Heavy Duty (>18.5T)	2,137	2,088	+2.35%
Total Domestic	5,778	5,956	-2.99%
Exports Eicher
Low & Medium Duty	319	164	+94.51%
Heavy Duty	40	34	+17.65%
Total Export	359	198	+81.31%
Total Volvo Sales	289	237	+21.94%
Total VECV	6,426	6,391	+0.55%

Detailed Analysis

Eicher CV Sales

Eicher’s commercial vehicle (CV) sales dropped slightly by 0.28%, with 6,137 units sold in December 2024 compared to 6,154 units in December 2023.

Domestic Sales: A 2.99% decline was recorded, with 5,778 units sold versus 5,956 units last year.
Segment-Wise Performance:
- Light and Medium Duty Trucks (3.5-18.5T): Sales fell by 5.87%, from 3,868 units in December 2023 to 3,641 units in December 2024.
- Heavy Duty Trucks (>18.5T): Sales grew by 2.35%, with 2,137 units sold in December 2024 compared to 2,088 units in December 2023.

Export Sales

Exports showed remarkable growth, with Eicher CV exports surging by 81.31%.

Light & Medium Duty Exports: The segment saw a significant 94.51% growth, selling 319 units compared to 164 units in December 2023.
Heavy Duty Exports: Sales increased by 17.65%, with 40 units sold compared to 34 units last year.

Volvo Truck Sales

Volvo Trucks demonstrated strong performance, achieving a 21.94% growth in December 2024. A total of 289 units were sold, compared to 237 units in December 2023.

Also Read: VECV Sales Report November 2024: 4,499 Units Sold; Sales Grew By 4%

CMV360 Says

VECV’s total CV sales, including domestic and export markets, reflect steady growth despite challenges in specific segments. The overall sales increase of 0.55% highlights the company’s resilience and adaptability in the competitive commercial vehicle sector.