Eicher Motors VECV sales increase 7.3% yoy to 5856 units in February 2022

2 Mar 2022 , 10:05 AM

Eicher Motors Limited’s unlisted subsidiary, VE Commercial Vehicles Limited (VECV) sold 5,856 units of commercial vehicles in February 2022, registering a rise of 7.3% yoy from 5,457 units in February 2021.

The information was released on Tuesday to the Society of Indian Automobile Manufacturers (SIAM) in respect of the sales volume of VECV for the month of February 2022.

During February 2022, the total domestic sales of Eicher trucks & buses rose 5.6% to 5,093 units while total exports jumped 27.8% to 652 units over February 2021.

Sales of total Volvo trucks & buses, stood at 111 units in February 2022, recording a 9% fall over 122 units sold in February 2021, the company said in the filing on Tuesday.

At around 10.06 am, Eicher Motors Ltd was trading at Rs2,552 per share down by Rs34.35 or 1.33% from its previous closing of Rs2,586.35 per share on the BSE.