By priya
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Updated On: 02-Apr-2025 08:40 AM
VECV reports growth in sales for March 2025. Here are the key highlights and performance trends of VECV.
Key Highlights:
In March 2025, VECV, a prominent player in India's commercial vehicle market, witnessed a growth of 7.6% in its sales. The company, known for its diverse portfolio of trucks and buses, sold a total of 12,094 units in March 2025 compared to 11,242 units in March 2024.
Eicher Records 1.90% growth in CV Sales
Category | March 2025 | March 2024 | Growth % |
LD, LMD trucks | 4,967 | 5,032 | -1.30% |
Heavy Duty | 3,079 | 2,963 | 3.90% |
Total Domestic sale | 8,046 | 7,995 | 0.64% |
Eicher Trucks, a subsidiary of VECV, experienced a 1.90% year-on-year growth in its commercial vehicle sales in March 2025. The company sold a total of 8,513 units in March 2025 compared to 8,354 units sold in March 2024.
Eicher Truck Domestic Sales Results
LD & LMD Segment (3.5-18.5T) Trucks: Sales in this segment experienced a decline of 1.30%, with 4,967 units sold in March 2024 compared to 5,032 units in March 2024.
Heavy Duty Segment: Sales in this segment experienced a growth of 3.90%, with 3,079 units sold in March 2025 compared to 2,963 units in March 2024.
Eicher Truck Exports Results
Category | March 2025 | March 2024 | Growth % |
L&M duty | 413 | 311 | 32.80% |
Heavy duty | 54 | 48 | 12.50% |
Total Export sale | 467 | 359 | 30.08% |
LMD Segment: Export sales in this segment increased by 32.80%, with 413 units sold in March 2025 compared to 311 units in March 2024.
Heavy Duty Segment: Export sales in the heavy-duty segment witnessed a growth of 12.50%, with 54 units sold in March 2025 compared to 48 units in March 2024.
Eicher truck export sales increased by 30.08% in March 2025, with 467 units sold compared to 359 units in March 2024.
Volvo sales decreased by 5.47% in March 2025
Volvo Trucks reported a decline in sales by 5.47%, selling 242 units in March 2025 compared to 256 units in March 2024.
About VE Commercial Vehicles Limited
VE Commercial Vehicles Limited (VECV) is a joint venture between Volvo Group and Eicher Motors, operating since December 2008. It offers a wide range of Eicher trucks and buses, Volvo Buses, and handles the distribution of Volvo Trucks in India. The company also manufactures and exports engines for Volvo Group and operates in the non-automotive engine and component business. With innovative products and services, VECV is known for modernizing commercial transportation in India and beyond.
Also Read: VECV Sales Report February 2025: 5,674 Units Sold; Sales Grew By 2.68%
CMV360 Says
VECV's sales grew in March 2025, with Eicher Trucks doing well, especially in exports. While light and medium duty trucks saw a slight drop, heavy-duty trucks saw good growth. However, Volvo's sales went down a bit. Overall, VECV is expanding its reach, especially in other countries.