Eicher Motors’ VECV reports robust YTD sales growth despite monthly domestic dip

VE Commercial Vehicles Limited (VECV), an unlisted subsidiary of Eicher Motors Limited, announced a slight increase in total sales volume for September 2025, reaching 7,619 units, a 0.1% rise compared to September 2024. This growth was primarily driven by a substantial 47.4% surge in exports, totaling 700 units for the month. Within exports, heavy-duty (HD) vehicles saw an impressive 276.7% increase, light and medium-duty (LMD) a 17.8% rise, and buses a 90.7% jump compared to the previous year.

However, domestic sales for Eicher Motors experienced a 2.8% decline in September 2025, totaling 6,652 units. This was mainly due to reductions in LMD bus sales, down 27.3%, and HD bus sales, down 39.5%. Despite this, the small commercial vehicle (SCV)/LMD trucks (<18.5T) segment saw positive domestic growth of 7.2%, reaching 3,801 units.

For the year-to-date (YTD) period, VECV reported a robust 7.5% increase in total sales, with 43,511 units sold through September 2025 compared to 40,476 units in the same period of 2024. This YTD growth was supported by a significant 40.4% increase in exports and a 5.7% rise in domestic sales, underscoring a strong performance across key segments over the fiscal year.