🚚 VECV May Sales Rise 7.8% YoY; Domestic CV Demand Continues to Drive Growth

🚛 VE Commercial Vehicles (VECV), a subsidiary of Eicher Motors, reported total sales of 7,978 units in May 2026, registering a 7.8% year-on-year growth compared to 7,401 units in the corresponding period last year. 📈 The company's domestic business remained the key growth driver, with total domestic sales increasing 9.1% YoY to 7,375 units. Growth was led by the SCV/LMD Truck segment, which surged 16.1% YoY, while Heavy Duty Truck volumes grew 7.9% YoY. 🌍 On the export front, sales declined 17.2% YoY to 414 units, reflecting continued weakness in overseas markets. However, export HD truck sales stood out with a robust 31.2% YoY growth. 🚚 Meanwhile, the Volvo Trucks & Buses business delivered a strong performance, recording 32.2% YoY growth to 189 units. 🏗️ The sales performance highlights resilient domestic commercial vehicle demand, supported by infrastructure activity and freight movement, while export markets remain relatively subdued. 📊 Key Highlights ✅ Total VECV Sales: 7,978 Units (+7.8% YoY) ✅ Domestic Sales: 7,375 Units (+9.1% YoY) ✅ SCV/LMD Trucks: +16.1% YoY ✅ HD Trucks: +7.9% YoY ✅ Volvo Trucks & Buses: +32.2% YoY ❌ Total Exports: -17.2% YoY 👍 Like | 🔄 Share | 📌 Follow @AFSTradingEdge for more market insights and corporate updates.