VE Commercial Vehicles records14.43% sales rise in October

VE Commercial Vehicles on Wednesday reported 14.43% increase in total sales in October at 4,560 units as compared with 3,985 units in the same period last year.

The company, a joint venture between Sweden's Volvo Group and Eicher Motors, said total sales of Eicher-branded trucks and buses increased by 15.44% to 4,449 units in October compared with 3,854 units in the corresponding month last year.

In the domestic market, sales of Eicher trucks and buses stood at 3,854 units last month compared with 3,466 units in the year-ago period, up 11.19%, VECV said in a statement.

Exports of Eicher trucks and buses stood at 595 units in October as against 388 in the same month last year, up 53.35%.

Volvo trucks sold 111 units last month compared with 131 units in October 2015, down 15.26%, the company added.