Eicher Motors December 2021 VECV sales climb 26% Y-o-Y to 6,154 units

1 Jan 2022 , 12:49 PM

VECV, the unlisted subsidiary of Eicher Motors, had sold 4,085 units of commercial vehicles in November 2021. On a sequential basis, the commercial vehicles sales are higher by 50.64% as compared to 4,085 units sold in November 2021.

During December 2021, the total domestic sales of Eicher trucks & buses jumped 27.6% to 5,192 units while total exports soared 31.1% to 810 units over December 2020. Sales of total Volvo trucks & buses, stood at 152 units in December 2021, recording a 25.9% fall over 205 units sold in December 2020.

On a consolidated basis, Eicher Motors net profit jumped 8.7% to Rs 373.20 crore on 4.9% increase in net sales to Rs 2,216.40 crore in Q2 September 2021 over Q2 September 2020.

Shares of Eicher Motors rose 1.27% to end at Rs 2,589.95 on Friday, 31 December 2021. Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Swedens AB Volvo – Volvo Eicher Commercial Vehicles which operates in Indias commercial vehicle space.

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