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VE Commercial Vehicles reports 20 pct decline in December

VE Commercial Vehicles reports 20 pct decline in December

New Delhi [India]: VE Commercial Vehicles on Monday reported a 19.9 percent decline in total sales in December at 4,048 units as compared with 5,063 units in the same period last year.

The company in its statement said that total sales of Eicher-branded trucks and buses also decreased by 20.2 percent to 3,946 units in December compared with 4,946 units in the corresponding month last year.

A joint venture between Sweden’s Volvo Group and Eicher Motors, VE Commercial Vehicles in a statement said that in the domestic market, sales of Eicher trucks and buses stood at 3,246 units last month compared with 4,109 units in the year-ago period, down 21 percent.

“Volvo trucks sold 102 units last month compared with 117 units in December 2015, down 12.8 percent,” added the company statement. (ANI)