VE Commercial Vehicles Sales Rise By 7.3 Percent In May 2025

VE Commercial Vehicles Ltd. (VECV), a joint venture between the Volvo Group and Eicher Motors, reported sales of 7,402 units in May 2025. This reflects a 7.3% increase over May 2024, when the company sold 6,901 units.

Out of the total units sold in May 2025, 7,258 units were from the Eicher brand reflecting a Y-o-Y increase of 8% when compared to 6,719 units sold in May 2024.

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In the domestic commercial vehicle segment, Eicher-branded trucks and buses sales stood at 6,758 units in May 2025 reflecting a Y-o-Y growth of 7.2% when compared to 6,304 units sold domestically in May 2024.

In terms of export, VECV shipped 501 units in May 2025 reflecting a Y-o-Y growth of 20.7% when compared to 415 units shipped in May 2024.

Volvo Trucks and Buses sales stood at 144 units in May 2025 reflecting a Y-o-Y decline of 20.9% when compared to 182 units sold in May 2024.

Recently, VECV signed a Memorandum of Understanding (MoU) with Statiq to accelerate the adoption of Eicher’s range of electric vehicles especially the newly launched Eicher Pro X range of Small Commercial Vehicles. The strategic collaboration will offer a charging experience to Eicher trucks and bus customers in India. Statiq will extend access to its growing network of over 8,000 charging points from leading CPOs on it’s aggregated platform across the country.