Eicher recorded decreased sales figure this February

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Eicher Motors Limited (EML) Commercial Vehicle division Eicher Trucks and Buses (ETB) recorded a decrease in sales figure past month – February 2014. Eicher trucks and buses shown a 23 % drop of sales in respect to February 2013. This is evident as Eicher sold only 2840 units of its products (trucks and buses) in comparison to 3690 units last year.

A 7.5-Ton GVW  Eicher truck

A 7-Ton GVW Eicher truck

The domestic Commercial Vehicle market displayed sales of only 2531 units of Eicher trucks and buses (having GVW from 5 to 49 Tonnes) in reference to 3538 units sold last February, thus accounting for 28.5 % decline. Though the Domestic CV market showed no rise in sales for Eicher, but the International market showed a rise in demand for the Eicher commercial vehicles. Eicher exported 309 units of its Commercial Vehicles this February in comparison to 152 units, last February, thus recording a growth of 103.3 %.

The company expects to see a rise in sales in near future as Volvo and Eicher’s 50:50 Joint Venture – the VECV (Volvo Eicher Commercial Vehicles) has recently launched a new range of products – the Pro-series, which has trucks and buses of 5 to 49 Tonnes Gross Vehicle Weight (GVW) range. VECV has started the production of these advanced vehicles and soon it will be available to its customers.