Latest news with #VECV
Business Standard
01-07-2025
- Automotive
- Business Standard
Eicher Motors CV sales decline 0.82% YoY in June'25
Eicher Motors' unlisted subsidiary, VE Commercial Vehicles (VECV), reported a 0.82% year-on-year marginal declined in commercial vehicle (CV) sales to 7,363 units in June 2025. Domestic sales decreased by 2.5% to 6,722 units and total exports surged 13.1% to 476 units in June 2025 over June 2024. Total sales of Volvo trucks and buses in June 2025 stood at 165 units, up by 50% YoY. Further, the companys monthly motorcycle sales in June 2025 stood at 89,540 units, which is higher by 22% compared with 73,141 units in the same month a year ago. Sales of motorcycle models with engine capacity up to 350 cc jumped 25% to 76,680 units, and sales of motorcycle models with engine capacity exceeding 350 cc surged 10% to 12,860 units in June 2025 over June 2024. The international business recorded sales of 12,583 units on June 25, up by 79% compared with 7,024 units sold in the same period last year. 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 Sweden's AB VolvoVolvo Eicher Commercial Vehicles, which operates in India's commercial vehicle space. The company reported a 27.25% increase in consolidated net profit to Rs 1,362.15 crore in Q4 FY25 as against Rs 1,070.45 crore posted in Q4 FY24. Total revenue from operations rose 23.14% YoY to Rs 5,241.11 crore in the quarter ended 31 March 2025.
Business Upturn
01-07-2025
- Automotive
- Business Upturn
Eicher Motors' subsidiary VE Commercial Vehicles reports flat sales in June 2025 with marginal 0.8% YoY decline
VE Commercial Vehicles Limited (VECV), a subsidiary of Eicher Motors Limited, reported largely flat sales figures for June 2025. The company sold a total of 7,363 units during the month, a slight drop of 0.8% compared to 7,424 units sold in June 2024. In the domestic market, sales stood at 6,722 units, down 2.5% year-on-year. Light and medium-duty (LMD) trucks under 18.5T posted a modest growth of 2.1%, with 3,166 units sold. However, heavy-duty (HD) trucks declined by 1.8% to 1,759 units. Bus sales saw mixed results, as LMD buses dropped 13.5% to 1,617 units, while HD buses grew 37.4% to 180 units. On the export front, VECV saw an overall increase of 13.1% in June 2025, with 476 units shipped compared to 421 units last year. LMD trucks led the growth with a 16.8% rise, while HD truck exports fell sharply by 69.4%. Bus exports rose 72.1% to 117 units. Sales of Volvo-branded trucks and buses under VECV rose by 50% in June, reaching 165 units. Despite the slight decline in monthly numbers, VECV reported a healthy year-to-date (April to June) growth of 9.7% for FY26. Total sales in the first three months of the fiscal reached 21,610 units, up from 19,702 units during the same period last year. Domestic volumes rose 9.1%, while exports were up 20.5%. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
05-06-2025
- Business
- Time of India
VECV targets 70% renewable energy use by FY27
VE Commercial Vehicles ( VECV ), the parent company of Eicher Trucks and Buses , marked World Environment Day by reaffirming its commitment to India's Net Zero targets. The company announced a series of measures aligned with sustainable manufacturing and cleaner mobility. VECV said its new range of zero-emission commercial vehicles under the Pro Planet Pro Business banner is already operational across India. These include alternate fuel solutions based on LNG, CNG and electric powertrains. The recently launched EV-first Eicher Pro X small truck is targeted at mid- and last-mile delivery applications. Electric buses from Eicher have been in operation since 2022 in multiple Indian states. Sustainability in manufacturing The company's Bhopal plant, which began operations in 2020, is built on Industry 4.0 principles and features AI-powered real-time energy monitoring. It also has an all-women final assembly line for the Eicher Pro X, which the company says is a first in the commercial vehicle industry. VECV aims to achieve 70% renewable energy usage in plant operations by FY27 and become water positive by 2030. As part of this initiative, a new water body with a capacity of 52 million litres has been created at the Bhopal facility, reportedly enough to sustain the plant's operations for four months. The company has also switched to 100% LED lighting across its sites, replacing around 5,000 conventional fixtures. As a result, energy intensity has reduced from 3.85 GJ/MINR in FY23 to 3.74 GJ/MINR in FY24. Vinod Aggarwal, MD and CEO, VECV, said, 'In line with India's Net Zero vision defined by Honourable Prime Minister Sh. Narendra Modi ji, VECV is committed to delivering future-ready mobility solutions—from electric, LNG and CNG trucks and buses to emerging technologies like hydrogen and fuel cells—as the market matures.' He added that the company's investments in smart manufacturing, renewable energy and responsible resource management reflect a broader commitment to sustainable growth. VECV says its ongoing initiatives support multiple United Nations Sustainable Development Goals (SDGs), particularly those related to clean water, affordable clean energy, responsible consumption and climate action.
Time of India
04-06-2025
- Automotive
- Time of India
VE Commercial Vehicles sales surges 7.2% with 6,758 units in May
VE Commercial Vehicles Ltd. (VECV), a joint venture between Volvo Group and Eicher Motors , reported a total sales volume of 7,402 units in May 2025, registering a 7.3per cent growth compared to 6,901 units sold in May 2024. The performance was primarily driven by the Eicher-branded trucks and buses, which sold 7,258 units in May 2025, an 8per cent increase from 6,719 units sold in the same month last year. In the domestic commercial vehicle (CV) market, Eicher sold 6,758 units, up 7.2per cent from 6,304 units in May 2024, reflecting steady demand across key segments. Strong Export Performance VECV also saw a robust performance on the exports front, with 501 units sold in May 2025 compared to 415 units a year earlier — a 20.7per cent growth, underlining the company's expanding global reach and strong overseas demand for Eicher-branded vehicles. Volvo Brand Records Decline In contrast, Volvo Trucks and Buses reported a decline in performance, with 144 units sold in May 2025 compared to 182 units in May 2024 — a 20.9per cent de-growth. The decline is attributed to cyclical trends in the premium segment and slower project-related demand. Despite the dip in Volvo-branded sales, VECV's overall growth in May 2025 highlights resilient domestic demand and expanding export momentum, reinforcing its position as a key player in India's CV industry. The company continues to focus on innovation, expanding product offerings, and strengthening its presence across markets.
Business Standard
02-06-2025
- Automotive
- Business Standard
Eicher Motors records 26% YoY increase in May'25 motorcycle sales
Eicher Motors has reported 26% jump in total motorcycle sales to 89,429 units in May 2025 from 71,010 units in May 2024. Sales of models with engine capacity upto 350cc added up 76,492 units (up 28% YoY) and that of models with engine capacity exceeding 350cc aggregated to 12,937 units (up 16% YoY). Eicher Motors further informed that its unlisted subsidiary VE Commercial Vehicles (VECV) has recorded 7.3% rise in total commericial vehicle sales to 7,402 units in May 2025 from 6,901 units sold in May 2024. While domestic sales increased by 7.2% YoY to 6,758 units, exports rose by 20.7% YoY to 501 units in May 2025. Sales of Volvo trucks & buses declined by 20.9% to 144 units in May 2025 from 182 units in May 2024. 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 Sweden's AB Volvo - Volvo Eicher Commercial Vehicles which operates in India's commercial vehicle space. The scrip rose 0.29% to currently trade at Rs 5354.75 on the BSE.
