VECV Posts 24.7% Year-On-Year Growth in December Sales

VE Commercial Vehicles Ltd. (VECV) reported total sales of 10,384 units in December 2025, including electric vehicles, up 24.7% from 8,324 units a year earlier.

Eicher Trucks and Buses sales rose 26.7% year-on-year to 10,177 units during the month, driven by strong performance in the domestic market and higher exports. Domestic Eicher sales increased 26.3% to 9,527 units, led by a sharp rise in small and light-duty trucks, which grew 44.4% to 5,258 units. Heavy-duty truck volumes rose 22.7% to 2,622 units, while light and medium-duty bus sales declined 9.9% to 1,430 units.

Exports climbed 32.7% year-on-year to 650 units in December, supported by strong growth across segments. Export sales of heavy-duty trucks more than doubled to 85 units, while bus exports rose 55% to 203 units.

Volvo Trucks and Buses reported sales of 207 units in December, down 28.4% from a year earlier.

For the year-to-date period of 2025-26, VECV’s total sales increased 13.2% year-on-year to 69,597 units. Eicher Trucks and Buses sales stood at 67,762 units, up 13.6%, while domestic volumes rose 11.3% to 62,447 units. Export volumes for the period surged 51.3% to 5,315 units, reflecting strong demand in international markets.