New Delhi: VE Commercial Vehicles (VECV), the joint venture between the Volvo Group and Eicher Motors, on Wednesday reported its highest-ever first quarter sales, supported by robust growth in revenue and steady profitability during the April-June period of FY27.<\/p>\n\n\n\n
The company sold 24,815 vehicles in the first quarter of FY27, marking a 14.8 per cent increase from 21,610 units in the corresponding period last year.<\/p>\n\n\n\n
Revenue from operations rose 16.6 per cent to Rs 6,610 crore in the April-June quarter, compared with Rs 5,671 crore a year earlier.<\/p>\n\n\n\n
EBITDA increased 6.1 per cent to Rs 541 crore from Rs 511 crore in the year-ago period, while profit after tax grew to Rs 300 crore from Rs 288 crore.<\/p>\n\n\n\n
Commenting on the performance, VECV Managing Director and Chief Executive Officer B. Srinivas said the company delivered its best-ever first quarter while retaining its leadership position in the light and medium-duty truck segment.<\/p>\n\n\n\n
He said the company continued to focus on modernising the commercial vehicle industry through product innovation and network expansion.<\/p>\n\n\n\n
During the quarter, VECV launched the Volvo FMX Edge mining truck, which it said would enhance mining productivity through higher payload capability, improved safety, increased uptime and better lifecycle value.<\/p>\n\n\n\n
The company also expanded its customer service network by adding 30 new touchpoints to strengthen after-sales support for Eicher commercial vehicle customers.<\/p>\n\n\n\n
In addition, VECV signed a memorandum of understanding with the Ministry of Road Transport and Highways under the PARIVARTAN fleet modernisation scheme for the National Capital Region to support the transition towards a cleaner and more efficient commercial vehicle fleet, Srinivas said.<\/p>\n","protected":false},"excerpt":{"rendered":"
New Delhi: VE Commercial Vehicles (VECV), the joint venture between the Volvo Group and Eicher Motors, on Wednesday reported its highest-ever first quarter sales, supported by robust growth in revenue and steady profitability during the April-June period of FY27. The company sold 24,815 vehicles in the first quarter of FY27, marking a 14.8 per cent […]<\/p>\n","protected":false},"author":1,"featured_media":4033,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[104,1],"tags":[],"class_list":["post-4593","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cv-commercial-vehicles","category-news"],"_links":{"self":[{"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/posts\/4593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/comments?post=4593"}],"version-history":[{"count":1,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/posts\/4593\/revisions"}],"predecessor-version":[{"id":4594,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/posts\/4593\/revisions\/4594"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/media\/4033"}],"wp:attachment":[{"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/media?parent=4593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/categories?post=4593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/tags?post=4593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}