VECV sales jump 82% in March

Auto maker VE Commercial Vehicles today reported a jump of 81.53 per cent in sales for March at 3,814 units, the highest ever monthly sales by the company.

The sales of the company stood at 2,102 units during the same month last year.

For the 2009-10 fiscal, VE Commercial Vehicles (VECV) sales were up by over two-fold at 9,586 units as against 4,408 units during the previous fiscal, the company said in a statement.

In March, the joint venture between the Volvo Group and the Eicher Group registered a jump of 88.58 per cent in domestic sales at 3,649 units compared to 1,935 units during the same month of 2009.

Exports for the month, however, fell marginally to 165 units against 166 units in the same month last year.

Sales of light commercial vehicles in the Indian market during the month went up by 75.33 per cent at 2,658 units against 1,516 units in March 2009.

Heavy commercial vehicle sales also recorded a huge jump of over three-fold at 488 units against 146 units in March last year, it added.

In line with recovery in the commercial vehicle industry, VECV also performed well during 2009-10 with its total sales rising 117 per cent during the fiscal.

In the domestic market, the JV saw its sales go up over two-fold during the year to 9,212 units as against 4,025 units in 2008-09.

VECV's exports during 2009-10, however, slipped by 2.35 per cent to 374 units compared to 383 units in the previous year, it said.