VE Commercial Vehicles Ltd. (VECV), a joint venture between the Volvo Group and Eicher Motors, has reported a significant increase in sales for November 2025. The company sold 7,652 units, marking a 37.3% year-on-year growth compared to the 5,574 units sold in November 2024. The majority of the sales came from Eicher-branded trucks and buses, which accounted for 7,425 units, a 38.6% increase over the previous year.
The domestic market continued to show upward momentum, with Eicher commercial vehicles reporting 6,720 units, a 35.6% increase from the 4,957 units sold in November 2024. Exports also showed strong growth, with VECV shipping 705 units, a 75.4% increase compared to the 402 units exported in the same month last year. This rise in overseas demand highlights the company’s growing presence in international markets.
The Volvo Trucks and Buses portfolio also reported a steady growth, with 227 units sold, a 5.6% increase from the 215 units reported in November 2024. The strong performance across domestic, export, and premium segments has reinforced VECV’s position in the commercial vehicle industry. The company’s consistent growth reflects improved market demand and its expanding product capabilities.
The significant increase in sales can be attributed to the company’s ability to cater to the growing demand for commercial vehicles in the domestic and international markets. The rise in exports is particularly notable, as it highlights the company’s growing presence in international markets. Overall, VECV’s strong sales performance in November 2025 is a positive indicator of the company’s growth and expansion plans.
With a significant increase in sales, VECV is well-positioned to continue its growth trajectory in the commercial vehicle industry. The company’s focus on expanding its product capabilities and catering to the growing demand for commercial vehicles is expected to drive its growth in the coming months. As the commercial vehicle industry continues to evolve, VECV is likely to remain a key player, driven by its strong sales performance and expanding product portfolio.