Eicher trucks and buses 31.9% sales decline with 3150 units sold in India in September 2012

Eicher trucks and buses 31.9% sales decline with 3150 units sold in India in September 2012

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Eicher Motors is a leading player in the Indian automobile industry and is a flagship company of the Eicher group in India. Sluggish market conditions due to the receding economy and rise in fuel prices have influenced sales of automobile considerably. Though a few have managed to overcome the odds, there are still many who are struggling to get over the brink of this condition.

During this year, Eicher branded trucks and buses have registered sales of 3150 units which was about 31.9% lower than sales registered in the year 2011. YTD 2012, sales of trucks and buses stand at 36720 units which is an increase of over 2.5 percent as compared to sales of 35833 units recorded last year. In the commercial vehicle segment Eicher managed to record sales of 3026 units which is 27% less than sales of 4152 units registered last year.

However, YTD sales of Eicher branded trucks and buses have registered an increase of 4.5% with sales of 34915 units. In domestic bus segment sales stand at impressive 612 units which is an increase of 11.3% while YTD sales stood at 7152 units which is an increase of 32.7% units. The Heavy duty department registered lowered sale of 443 units while YTD sales were recorded at 5812, an increase of 12% as compared to last year.

India auto news release: Eicher sells 3150 units in Sept 2012

The following are the key highlights for Sept 2012

Eicher branded trucks and buses have recorded sales of 3150 units which is 31.9% lower than Sept 2011 sales. The YTD 2012 sales of Eicher branded trucks and buses stand at 36720 units as compared to LYTD 2011 sales of 35833 units, representing a growth of 2.5%.

In the domestic CV Market ( 5T and Above), Eicher branded trucks and buses have recorded sales of 3026 units as compared to 4152 units in Sept 2011, representing a drop of 27%. The YTD 2012 sales for Eicher branded trucks and buses stand at 34915 units as compared to YTD 2011 sales of 33411 units, representing a growth of 4.5%

In the domestic Bus segment, the Sept 2012 sales stand at 612 units as compared to 550 units in Sept 2011, representing a growth of 11.3%. The YTD 2012 sales stand at 7152 units as compared to YTD 2011 sales of 5389 units, representing a 32.7% growth.

In the HD segment, the sales stand at 443 units in the domestic market as against 636 units in Sept 2011. YTD Eicher HD sales stand at 5812 units as against 5172 units in 2011, representing a growth of 12.4%.

About VE Commercial Vehicles Ltd (VECV):

VE Commercial Vehicles Limited (VECV) is a 50-50 joint venture between the Volvo Group and Eicher Motors Limited. In operation since July 2008, the company includes the complete range of Eicher trucks and buses, VE Powertrain, Eicher’s components and engineering design services businesses as well as the sales and distribution business of Volvo trucks within India. VECV aims to become a full-range commercial vehicle company whose products will drive modernization in commercial transportation in India and other emerging world markets. www.vecv.in