Eicher Motors reports 22% y-o-y growth in total sales in May

2 Jun 2023 , 10:12 AM

Eicher Motors reported its sales number for the month of May and has posted a growth of 22% y-o-y in total sales of its motorcycles to 77,461 units. The company reported total sales of 63,643 units in May 2022. 

Company reported a 32.30% y-o-y increase in its domestic sales to 70,795 units as compared to 53,525 units in the previous corresponding month. However, as the export market remained weak, there was a fall in export sales of 34% y-o-y to 6,666 units in May 2023 as compared to 10,118 units in the previous corresponding month.

VE Commercial Vehicles, a joint venture between the Volvo Group and Eicher Motors, reported an 11.6% y-o-y increase in its total sales to 6,289 units. Domestic sales increased 15.8% to 5,826 units in May, up from 5,033 units in May of last year.

However, the company reported a decline in its export sales at 250 units, down by 46.90% y-o-y against 471 units in the same month of previous year.

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