Latest news with #VECV
Time of India
2 days ago
- Business
- Time of India
VECV targets 70% renewable energy use by FY27
VE Commercial Vehicles ( VECV ), the parent company of Eicher Trucks and Buses , marked World Environment Day by reaffirming its commitment to India's Net Zero targets. The company announced a series of measures aligned with sustainable manufacturing and cleaner mobility. VECV said its new range of zero-emission commercial vehicles under the Pro Planet Pro Business banner is already operational across India. These include alternate fuel solutions based on LNG, CNG and electric powertrains. The recently launched EV-first Eicher Pro X small truck is targeted at mid- and last-mile delivery applications. Electric buses from Eicher have been in operation since 2022 in multiple Indian states. Sustainability in manufacturing The company's Bhopal plant, which began operations in 2020, is built on Industry 4.0 principles and features AI-powered real-time energy monitoring. It also has an all-women final assembly line for the Eicher Pro X, which the company says is a first in the commercial vehicle industry. VECV aims to achieve 70% renewable energy usage in plant operations by FY27 and become water positive by 2030. As part of this initiative, a new water body with a capacity of 52 million litres has been created at the Bhopal facility, reportedly enough to sustain the plant's operations for four months. The company has also switched to 100% LED lighting across its sites, replacing around 5,000 conventional fixtures. As a result, energy intensity has reduced from 3.85 GJ/MINR in FY23 to 3.74 GJ/MINR in FY24. Vinod Aggarwal, MD and CEO, VECV, said, 'In line with India's Net Zero vision defined by Honourable Prime Minister Sh. Narendra Modi ji, VECV is committed to delivering future-ready mobility solutions—from electric, LNG and CNG trucks and buses to emerging technologies like hydrogen and fuel cells—as the market matures.' He added that the company's investments in smart manufacturing, renewable energy and responsible resource management reflect a broader commitment to sustainable growth. VECV says its ongoing initiatives support multiple United Nations Sustainable Development Goals (SDGs), particularly those related to clean water, affordable clean energy, responsible consumption and climate action.
Time of India
3 days ago
- Automotive
- Time of India
VE Commercial Vehicles sales surges 7.2% with 6,758 units in May
VE Commercial Vehicles Ltd. (VECV), a joint venture between Volvo Group and Eicher Motors , reported a total sales volume of 7,402 units in May 2025, registering a 7.3per cent growth compared to 6,901 units sold in May 2024. The performance was primarily driven by the Eicher-branded trucks and buses, which sold 7,258 units in May 2025, an 8per cent increase from 6,719 units sold in the same month last year. In the domestic commercial vehicle (CV) market, Eicher sold 6,758 units, up 7.2per cent from 6,304 units in May 2024, reflecting steady demand across key segments. Strong Export Performance VECV also saw a robust performance on the exports front, with 501 units sold in May 2025 compared to 415 units a year earlier — a 20.7per cent growth, underlining the company's expanding global reach and strong overseas demand for Eicher-branded vehicles. Volvo Brand Records Decline In contrast, Volvo Trucks and Buses reported a decline in performance, with 144 units sold in May 2025 compared to 182 units in May 2024 — a 20.9per cent de-growth. The decline is attributed to cyclical trends in the premium segment and slower project-related demand. Despite the dip in Volvo-branded sales, VECV's overall growth in May 2025 highlights resilient domestic demand and expanding export momentum, reinforcing its position as a key player in India's CV industry. The company continues to focus on innovation, expanding product offerings, and strengthening its presence across markets.
Business Standard
5 days ago
- Automotive
- Business Standard
Eicher Motors records 26% YoY increase in May'25 motorcycle sales
Eicher Motors has reported 26% jump in total motorcycle sales to 89,429 units in May 2025 from 71,010 units in May 2024. Sales of models with engine capacity upto 350cc added up 76,492 units (up 28% YoY) and that of models with engine capacity exceeding 350cc aggregated to 12,937 units (up 16% YoY). Eicher Motors further informed that its unlisted subsidiary VE Commercial Vehicles (VECV) has recorded 7.3% rise in total commericial vehicle sales to 7,402 units in May 2025 from 6,901 units sold in May 2024. While domestic sales increased by 7.2% YoY to 6,758 units, exports rose by 20.7% YoY to 501 units in May 2025. Sales of Volvo trucks & buses declined by 20.9% to 144 units in May 2025 from 182 units in May 2024. Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden's AB Volvo - Volvo Eicher Commercial Vehicles which operates in India's commercial vehicle space. The scrip rose 0.29% to currently trade at Rs 5354.75 on the BSE.
Business Upturn
6 days ago
- Automotive
- Business Upturn
Eicher Motors' subsidiary VE Commercial Vehicles reports 7.3% YoY sales growth in May 2025
By Aman Shukla Published on June 1, 2025, 11:42 IST VE Commercial Vehicles Limited (VECV), the unlisted subsidiary of Eicher Motors Limited, has reported a positive sales performance for the month of May 2025. The company achieved a total sales volume of 7,402 units, registering a growth of 7.3% compared to 6,901 units sold in May 2024. This includes sales across all segments such as Eicher Trucks and Buses (inclusive of electric vehicles), as well as Volvo-branded vehicles. Eicher-branded trucks and buses, which form the core of VECV's business, saw sales of 7,258 units in May 2025, up from 6,719 units in the same period last year, reflecting an 8.0% year-on-year growth. This performance was driven by strong demand in the domestic market, particularly in the light and medium-duty (LMD) truck and bus segments. The domestic sales stood at 6,758 units, showing a 7.2% increase from 6,304 units in May 2024. Within the domestic market, the SCV/LMD truck segment (vehicles under 18.5 tonnes) witnessed a robust 15.2% growth, with 3,236 units sold in May 2025 as compared to 2,809 units a year ago. The LMD bus segment also posted healthy growth of 9.5%, delivering 1,882 units against 1,718 units in May 2024. On the other hand, the heavy-duty (HD) truck segment (vehicles 18.5 tonnes and above) experienced a slight decline of 8.1%, with sales slipping to 1,502 units from 1,635 units. Similarly, the HD bus segment reported a marginal drop of 2.8% year-on-year. Export markets offered a strong performance boost, with total export volumes rising by 20.7% to 501 units in May 2025, compared to 415 units in May 2024. The growth was largely led by the HD export segment, which surged by an impressive 520% year-on-year. Exports of LMD vehicles also improved by 8.2%, while the bus segment witnessed a decline of 10.5%. Meanwhile, Volvo Trucks and Buses sales stood at 144 units in May 2025, down from 182 units in the same month last year, reflecting a 20.9% drop. This decline had a modest impact on the overall performance, as Eicher-branded vehicles continue to dominate VECV's portfolio. Cumulatively for the first two months of FY 2025-26, VECV has sold 14,248 units, a 16.0% increase over the 12,278 units sold in the same period of FY 2024-25. The domestic market contributed 13,015 units during this period, marking a 16.2% growth. Exports also rose significantly by 24.6%, totaling 961 units. Notably, the SCV/LMD truck category grew by 18.0%, while the LMD bus segment surged by 31.5%, reflecting VECV's growing strength in these segments. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
28-05-2025
- Automotive
- Time of India
VECV partners with Statiq to expand EV charging infrastructure
VE Commercial Vehicles (VECV) has entered into a partnership with Statiq, a provider of EV charging solutions, to support the adoption of electric vehicles (EVs) in India. The collaboration will focus on offering charging access for Eicher's electric trucks and buses, particularly the newly launched Eicher Pro X range of small commercial vehicles. Under the agreement, Statiq will provide Eicher customers access to its network of over 8,000 charging points aggregated from leading charge point operators (CPOs) across India. Statiq will also become one of VECV's preferred suppliers for AC and DC charging equipment, managing installation and support services for commercial EVs. Integration with fleet management The partnership will also see the integration of Statiq's network with VECV's My Eicher app, a connected fleet management platform. This will allow Eicher EV users to locate charging stations, navigate efficiently, and access tariff information in real time. Promotional offers and preferential tariffs will be introduced for Eicher truck and bus operators as part of efforts to encourage EV adoption. Abhishek Chaudhary, SVP, Sales & Marketing, Small Commercial Vehicles, VECV, said: 'Our partnership with Statiq marks a significant step forward in strengthening the EV ecosystem for commercial transportation in India. By offering an integrated solution to customers through the industry leading MyEicher App, we aim to deliver a hassle-free and reliable experience to our customers. This collaboration will also empower Eicher Pro X electric customers with enhanced convenience, confidence, and operational efficiency, accelerating the shift towards sustainable transportation .' Akshit Bansal, CEO & Founder, Statiq, added: 'Our partnership with VE Commercial Vehicles is a milestone in our journey to create a strong and efficient EV charging ecosystem for commercial vehicles in India. By integrating our expansive charging network with VECV's MyEicher, we aim to provide users with a seamless, tech-driven charging experience that removes barriers to EV adoption. With this initiative, we are committed to enabling a smoother, faster transition to electric mobility for commercial vehicle operators.' The companies will also jointly establish a support system that includes call centre access, service ticket tracking, troubleshooting, repair, and maintenance. A dedicated point of contact (POC) model will be implemented, and charging hubs with sufficient infrastructure and parking will be mapped on the My Eicher platform. As part of broader EV infrastructure efforts, the partnership will deliver turnkey projects covering installation, operation, and maintenance of charging stations. Plans also include mobile charging solutions and shared revenue models for partners hosting charging infrastructure.
