VE Commercial Vehicles May Sales Rise 43%

New Delhi: VE Commercial Vehicles on Wednesday reported a 43 per cent increase in total sales at 5,770 units last month.

The company had registered sales of 4,035 units in the corresponding month last year.

The company, a joint venture between Sweden's Volvo Group and Eicher Motors, said Eicher-branded trucks and buses recorded total sales of 5,709 units in May compared with 3,962 units in the corresponding month last year - an increase of 44.1 per cent.

In the domestic market, sales of Eicher trucks and buses stood at 4,704 units in May compared with 3,617 units in the year-ago month - up 30.1 per cent, VECV said in a statement.

Exports of Eicher trucks and buses surged nearly three-fold to 1,005 units last month as against 345 units in May 2015.

Volvo trucks recorded a 16.43 per cent decline in sales at 61 units last month compared with 73 units in May 2015, the company added.