VE Commercial Vehicles Reports 37% Sales Growth in November 2025

VECV sold 7,652 units in Nov 2025, up 37% YoY. Eicher grew 38.6%, exports jumped 75% to 705 units, while Volvo Trucks & Buses recorded steady growth at 227 units.

VE Commercial Vehicles Ltd. (VECV), the joint venture between the Volvo Group and Eicher Motors, reported strong sales performance in November 2025. The company recorded total sales of 7,652 units, marking a significant 37.3% year-on-year growth compared to 5,574 units sold in November 2024.

The majority of the sales came from Eicher-branded trucks and buses, which contributed 7,425 units, an impressive 38.6% increase over last year’s 5,359 units. The domestic market continued its upward momentum, with Eicher commercial vehicles reporting 6,720 units, up 35.6% from 4,957 units in November 2024.

Exports also showed strong traction, with VECV shipping 705 units, reflecting a robust 75.4% increase compared to 402 units exported in the same month last year. The rise in overseas demand highlights the company’s growing presence in international markets.

Meanwhile, the Volvo Trucks and Buses portfolio recorded 227 units, slightly higher than the 215 units reported in November 2024, marking a steady 5.6% growth.

With strong performance across domestic, export, and premium segments, VECV continues to reinforce its position in the commercial vehicle industry. The company’s consistent growth reflects improved market demand and its expanding product capabilities.