VECV Truck Sales Report For January 2025 Records 18.17% YoY Growth
Modified On Feb 05, 2025 01:15 PM
VECV observed a significant sales growth of 20.1% YoY in January 2025, selling 8,489 units of commercial vehicles compared to 7,066 units in January 2024. Read on.
Key Highlights
- In January 2025, Eicher Motors sold 3,787 LMD trucks, up from 3,211 units sold in January 2024, indicating a 17.94% YoY increase in sales.
- Heavy-duty truck sales domestically increased from 1,652 units in January 2024 to 2,007 units in January 2025, showing a 21.5% YoY sales increase.
- Eicher Motors exported 290 units of LMD trucks in January 2025 compared to 242 units in January 2024, showing a notable 19.83% YoY increase in sales.
VECV, a joint venture between Volvo and Eicher Motors, has issued the monthly sales report for January 2025. In this sales report, VE Commercial Vehicles are divided into light and medium-duty (LMD) and heavy-duty (HD) trucks. While the gross vehicle weight (GVW) of LMD trucks ranges from 3.5 to 18.5 tonnes, the GVW of HD trucks exceeds 18.5 tonnes.
In January 2025, VECV's total truck sales marginally increased 18.17% YoY from 5,327 units sold in January 2024 to 6,295 units. Eicher Motors sold 6,128 units in January 2025, up 19.71% YoY from 5,119 units sold in January 2024 in India.
Related Link: VECV Records Overall Truck Sales Of 6,426 Units In December 2024
Eicher Trucks Sales Report For January 2025
Eicher Motors sold 3,787 units of LMD trucks in January 2025, up from 3,211 units sold in the same month the previous year, suggesting a 17.94% YoY sales growth. Domestic sales of heavy-duty trucks grew from 1,652 units in January 2024 to 2,007 units in January 2025, resulting in a 21.5% YoY sales growth for the company.
In January 2025, the company exported 334 units to the international market, up from 256 units in January 2024. This represents a notable YoY increase in sales of 30.47%. The company's export sales of HD trucks increased 214.3% year over year, with just 44 units sold in January 2025 compared to 14 units in January 2024.
Regarding Eicher Trucks’ export performance, the brand shipped 290 units of LMD trucks in January 2025, up from 242 units in the same month the year before, indicating a significant YoY rise in sales of 19.83%.
Volvo & Eicher CVs Monthly Sales In January 2025
From 167 units of trucks and buses sold in January 2025 to 208 units sold in January 2024, Volvo’s total truck and bus sales declined by 19.7% YoY. VECV registered sales of 8,489 units in January 2025 compared to 7,066 units in January 2024, showing a sales gain of 20.1% YoY, considering the sales of both trucks and buses in both Indian and foreign markets.
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