Gurugram, India – February 1, 2025 – Eicher Motors Limited (BSE: 505200, NSE: EICHERMOT) has released sales data for its unlisted subsidiary, VE Commercial Vehicles Limited (VECV), showcasing a robust performance in January 2025.
Key Sales Highlights for January 2025
VECV registered a 20.1% year-over-year (YoY) growth, with total sales rising to 8,489 units compared to 7,066 units in January 2024.| Segment | Jan'25 Sales | Jan'24 Sales | YoY Growth (%) |
|---|---|---|---|
| Total Eicher Trucks and Buses | 8,322 | 6,858 | 21.3% |
| Domestic Eicher (Total) | 7,872 | 6,503 | 21.1% |
| Exports Eicher (Total) | 450 | 355 | 26.8% |
| Volvo Trucks & Buses | 167 | 208 | -19.7% |
| Total VECV Sales | 8,489 | 7,066 | 20.1% |
Segment-Wise Breakdown
- Eicher Trucks and Buses reported a 21.3% YoY growth, reaching 8,322 units.
- Domestic sales grew by 21.1%, with 7,872 units sold.
- Light and Medium Duty (LMD) Trucks (3.5–18.5T): 3,787 units (+17.9% YoY)
- Heavy Duty (HD) Trucks (≥18.5T): 2,007 units (+21.5% YoY)
- LMD Buses: 1,714 units (+22.3% YoY)
- HD Buses: 364 units (+52.9% YoY)
- Exports surged by 26.8%, with 450 units shipped internationally.
- LMD Trucks exports: 290 units (+19.8%)
- HD Trucks exports: 44 units (+214.3%)
- Bus exports: 116 units (+17.2%)
- Volvo Trucks & Buses declined by 19.7% YoY, totaling 167 units.
Year-to-Date (YTD) Performance (April 2024 – January 2025)
For the ongoing fiscal year, VECV has recorded a total of 69,975 units, reflecting a 4.6% increase compared to 66,894 units in the same period of 2023-24.| Segment | YTD 2024-25 | YTD 2023-24 | YoY Growth (%) |
|---|---|---|---|
| Total Eicher Trucks and Buses | 67,963 | 64,856 | 4.8% |
| Domestic Eicher (Total) | 63,999 | 61,912 | 3.4% |
| Exports Eicher (Total) | 3,964 | 2,944 | 34.6% |
| Volvo Trucks & Buses | 2,012 | 2,038 | -1.3% |
| Total VECV Sales | 69,975 | 66,894 | 4.6% |
Strategic Outlook
VECV’s strong growth in both domestic and export markets indicates increasing demand for commercial vehicles, particularly in the HD and bus segments. However, the decline in Volvo Trucks & Buses sales may signal challenges in the premium segment.With exports surging by 34.6% YTD, the company’s international expansion strategy appears to be gaining traction. The robust domestic demand for buses also aligns with increasing infrastructure and public transportation investments.