Eicher Motors: VECV Sales Accelerate 7.4% in July 2025! 🚛
Hey there, finance folks! 👋 Let’s dive into some fresh numbers from Eicher Motors, the parent company behind Royal Enfield bikes and a significant player in the commercial vehicle (CV) space through its joint venture, VE Commercial Vehicles Limited (VECV).
Eicher Motors (NSE: EICHERMOT), which last traded at ₹5518, up 2.20%, has just released its monthly sales update for its unlisted subsidiary, VECV, for July 2025. And the headline? VECV is revving up with some solid growth!
Overall, VECV, the powerful collaboration between Eicher Motors and the Volvo Group VECV - About Us, clocked total sales of 7,115 units in July 2025. That’s a healthy 7.4% jump compared to the 6,622 units sold in July 2024. Year-to-date (April-July 2025), the performance is even better, with sales climbing 9.1% to 28,725 units.
So, what’s driving this growth? Let’s break it down:
Domestic Performance (Eicher Trucks & Buses) 🇮🇳
The domestic market for Eicher vehicles showed steady momentum, growing by 6.1% to 6,410 units in July 2025. Here’s a closer look at the key segments:
- Small & Light/Medium Duty (SCV/LMD) Trucks (< 18.5T): These workhorses saw an 8.0% increase, selling 3,409 units.
- Heavy Duty (HD) Trucks (≥18.5T): The big movers impressed with a 12.6% surge, reaching 1,692 units – a clear sign of healthy industrial activity.
- Buses: While LMD Buses saw a slight dip of 4.5% (1,154 units) and HD Buses were down 12.4% (155 units) compared to last July, the overall domestic truck performance more than compensated.
Export Growth (VECV Exports) 🌐
Exports were a shining star, demonstrating significant expansion. Total VECV exports shot up by an impressive 32.5% to 530 units in July 2025. This robust performance was across the board:
- LMD Exports: Surged 33.9%.
- HD Exports: Grew by 23.4%.
- Bus Exports: Leapt by 36.9% (though year-to-date bus exports are slightly down).
Volvo Trucks & Buses 🇸🇪
Sales of Volvo Trucks & Buses, also managed by VECV, saw a marginal dip of 1.7% in July, selling 175 units. However, for the fiscal year to date, Volvo sales are up 3.2%.
Here’s the detailed breakdown of VECV’s Sales Volume:
| Segment | Actual Jul'25 | Actual Jul'24 | Growth (%) | Actual 2025-26 (YTD) | Actual 2024-25 (YTD) | Growth (%) (YTD) |
|---|---|---|---|---|---|---|
| Total Eicher Trucks and Buses (Inclusive of EVs) | 6,940 | 6,444 | 7.7% | 28,113 | 25,731 | 9.3% |
| Domestic Eicher | ||||||
| SCV/LMD Trucks < 18.5T | 3,409 | 3,156 | 8.0% | 12,576 | 11,330 | 11.0% |
| HD (≥18.5T) | 1,692 | 1,502 | 12.6% | 6,272 | 6,191 | 1.3% |
| LMD Bus | 1,154 | 1,209 | -4.5% | 6,666 | 6,050 | 10.2% |
| HD Bus | 155 | 177 | -12.4% | 633 | 568 | 11.4% |
| Total Domestic | 6,410 | 6,044 | 6.1% | 26,147 | 24,139 | 8.3% |
| VECV Exports | ||||||
| LMD | 320 | 239 | 33.9% | 1,247 | 934 | 33.5% |
| HD | 95 | 77 | 23.4% | 245 | 179 | 36.9% |
| Bus | 115 | 84 | 36.9% | 474 | 479 | -1.0% |
| Total Exports | 530 | 400 | 32.5% | 1,966 | 1,592 | 23.5% |
| Total Volvo Trucks & Buses | 175 | 178 | -1.7% | 612 | 593 | 3.2% |
| Total VECV (Inclusive of EVs) | 7,115 | 6,622 | 7.4% | 28,725 | 26,324 | 9.1% |
These figures, released to the Society of Indian Automobile Manufacturers (SIAM), paint a pretty picture for VECV’s performance in July. The strong growth, particularly in exports and the heavy-duty truck segment, indicates robust demand and a positive outlook for Eicher Motors’ commercial vehicle business.
Keep an eye on this space for more updates from the auto sector! 📈
source: Corporate Announcement
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