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New launchĪs Volvo Eicher sees recovery in the commercial vehicle segment, VECV has launched its first new product after incorporating Volvo Buses India. Aggarwal also told BusinessLine that VECV is expecting future demand from the school segment, and is already starting to receive tenders to supply buses from State transportation units.
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This should continue for quite some time.” Aggarwal said. However, right now is the time for uptick and recovery. It was seeing a slump, especially with the pandemic. “The commercial vehicle segment is a cyclical one. VECV has also surpassed pre-pandemic sales, selling 60 per cent higher units in October 2021, against 3,784 units sold in October 2019.Īggarwal believes that economic recovery, particularly in the construction segment as well as the school segment, are going to be major factors in a future sales bump for VECV.
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Thus, seeing an increase of 73 per cent year-on-year against a sale of 3,506 units in October 2020. The commercial vehicles manufacturer, which is seeing a rapid increase in sales since the end of the second wave, reported a sale of 6,070 vehicle units during the month of October 2021. However, CEO and MD of VECV, Vinod Aggarwal believes that the company is yet to reach peak sales numbers, seen in 20. Volvo Eicher Commercial Vehicles is seeing significant demand recovery following the Covid second wave.