Latest news with #Volvo-branded
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
Yahoo
24-06-2025
- Automotive
- Yahoo
Volvo CE to divest SDLG stake to Lingong Group fund
Volvo Construction Equipment (Volvo CE) has agreed to sell its 70% stake in Shandong Lingong Construction Machinery Co (SDLG) to a fund predominantly owned by Lingong Group (LGG) for Skr8bn ($826m). The deal is expected to be completed in the second half (H2) of 2025, pending regulatory approvals and other conditions. It is anticipated to positively impact Volvo CE's operating income by Skr1bn at closing, though this is subject to currency fluctuations. However, it will also result in a negative tax impact of Skr1.6bn, similarly affected by exchange rate changes. The potential positive effect on operating income will be excluded from adjusted operating income. In 2024, SDLG contributed approximately 2% to Volvo Group's turnover, with a negligible effect on the group's operating income. Volvo CE acquired its majority stake in SDLG in 2006, with LGG as a minority shareholder, to gain access to China's domestic construction equipment market. 'The SDLG collaboration has been successful, but for strategic reasons Volvo and LGG now believe it would be mutually beneficial to pursue independent business strategies,' Volvo CE stated. Post-transaction, Volvo CE will focus on offering Volvo-branded products and services to targeted customer segments in China such as mining, quarry and aggregates, and heavy infrastructure. The company aims to provide tailored solutions to meet specific customer needs while developing a sustainable distribution strategy in China's competitive market. China will continue to serve as a key production and development hub for both the domestic and export markets, leveraging Volvo CE's excavator production facility in Shanghai, operational since 2002, and recently announced new production lines. Volvo CE also plans to enhance its utilisation of China's supplier ecosystem, maintaining the country's role as a critical part of its global value chain. "Volvo CE to divest SDLG stake to Lingong Group fund" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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 Upturn
01-06-2025
- Automotive
- Business Upturn
Eicher Motors' subsidiary VE Commercial Vehicles reports 7.3% YoY sales growth in May 2025
By Aman Shukla Published on June 1, 2025, 11:42 IST VE Commercial Vehicles Limited (VECV), the unlisted subsidiary of Eicher Motors Limited, has reported a positive sales performance for the month of May 2025. The company achieved a total sales volume of 7,402 units, registering a growth of 7.3% compared to 6,901 units sold in May 2024. This includes sales across all segments such as Eicher Trucks and Buses (inclusive of electric vehicles), as well as Volvo-branded vehicles. Eicher-branded trucks and buses, which form the core of VECV's business, saw sales of 7,258 units in May 2025, up from 6,719 units in the same period last year, reflecting an 8.0% year-on-year growth. This performance was driven by strong demand in the domestic market, particularly in the light and medium-duty (LMD) truck and bus segments. The domestic sales stood at 6,758 units, showing a 7.2% increase from 6,304 units in May 2024. Within the domestic market, the SCV/LMD truck segment (vehicles under 18.5 tonnes) witnessed a robust 15.2% growth, with 3,236 units sold in May 2025 as compared to 2,809 units a year ago. The LMD bus segment also posted healthy growth of 9.5%, delivering 1,882 units against 1,718 units in May 2024. On the other hand, the heavy-duty (HD) truck segment (vehicles 18.5 tonnes and above) experienced a slight decline of 8.1%, with sales slipping to 1,502 units from 1,635 units. Similarly, the HD bus segment reported a marginal drop of 2.8% year-on-year. Export markets offered a strong performance boost, with total export volumes rising by 20.7% to 501 units in May 2025, compared to 415 units in May 2024. The growth was largely led by the HD export segment, which surged by an impressive 520% year-on-year. Exports of LMD vehicles also improved by 8.2%, while the bus segment witnessed a decline of 10.5%. Meanwhile, Volvo Trucks and Buses sales stood at 144 units in May 2025, down from 182 units in the same month last year, reflecting a 20.9% drop. This decline had a modest impact on the overall performance, as Eicher-branded vehicles continue to dominate VECV's portfolio. Cumulatively for the first two months of FY 2025-26, VECV has sold 14,248 units, a 16.0% increase over the 12,278 units sold in the same period of FY 2024-25. The domestic market contributed 13,015 units during this period, marking a 16.2% growth. Exports also rose significantly by 24.6%, totaling 961 units. Notably, the SCV/LMD truck category grew by 18.0%, while the LMD bus segment surged by 31.5%, reflecting VECV's growing strength in these segments. 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
The Sun
29-05-2025
- Automotive
- The Sun
Volvo Padel Open Returns with new format
VOLVO CAR MALAYSIA has officially announced the return of the Volvo Padel Open for 2025, introducing enhanced match formats, expanded categories, and a stronger focus on emerging players. The event aims to further cultivate Malaysia's rapidly growing padel community and solidify its standing as the nation's largest padel tournament. Running every weekend from 21 June until the grand finals on 27 July, the tournament is expected to draw as many as 320 participants, ranging from new players just entering the sport to seasoned enthusiasts who have competed in regional circuits. This year's edition is a significant evolution of the inaugural tournament, reflecting Volvo's continued support for padel as a socially engaging and fast-paced sport. The brand sees padel as a natural extension of its values–community, innovation, inclusivity, and wellness. Patricia Yaw, Marketing Operations and Public Relations Director at Volvo Car Malaysia, emphasised that the Volvo name has become closely linked with padel in Malaysia. The company's intention, she said, is to make this year's tournament even more impactful by offering new match styles, attractive prizes, and curated experiences for both amateur and experienced players. Additional initiatives include professional-led coaching clinics and increased court time, particularly for new players eager to sharpen their skills and connect with others in the padel community. With its origins in the 1960s, padel has evolved into the fastest-growing sport globally, boasting over 25 million players in 110 countries. In Malaysia, its popularity continues to climb, thanks to its unique blend of fast, accessible gameplay and its emphasis on partnership as a doubles sport. The 2025 Volvo Padel Open will be held in collaboration with returning club partners Padelground and PadelKu, and for the first time, Joy Division Padel joins as an official venue partner. Participants can expect exclusive benefits including complimentary pre-tournament coaching sessions, a Volvo-branded sports kit, premium access to the finals, and exclusive hospitality experiences. Sean U'ren-Szeto, General Manager of Joy Division Padel, expressed enthusiasm about partnering with the tournament. He noted the exceptional talent among Malaysian players who have trained at the club and competed regionally, and highlighted the importance of giving local players access to higher levels of competition and skill development. Co-director of Padelground, Thomas Ryard, observed that the sport's appeal lies in its inclusive and energetic nature. He credited the Volvo Padel Open for boosting interest and participation, particularly among trendsetters, fitness lovers, and social players. He added that padel's success is best measured not by points, but by the sense of joy and connection it creates among its players. Charl Hermus Marais, Operations Director at PadelKu, remarked that the standard of play among Malaysian participants has noticeably improved since last year's event. With coaching teams now operating across three locations—including the recently launched Megah club in Petaling Jaya—PadelKu is committed to elevating competitive standards and ensuring players are well-prepared for tournament-level gameplay. Registration for the Volvo Padel Open 2025 opens on 3 June and will close on 3 July, or earlier if all player slots are filled. As the sport continues to gain traction nationwide, Volvo's support ensures that padel remains not only a game of skill but a celebration of community spirit and healthy competition. For more information on the Volvo Padel Open, visit
