Eicher Motors: VECV Sales Rise 24.9% to 10,601 Units in January 2026; Exports Up 55.8%

VE Commercial Vehicles Limited (VECV), an unlisted subsidiary of Eicher Motors Limited, reported total sales of 10,601 units for January 2026, a 24.9% increase from 8,489 units compared to January 2025, the company informed via a regulatory filing, the reported sales volume includes Electric Vehicles (EVs).

Total sales for Eicher Trucks and Buses (inclusive of EVs) stood at 10,430 units for the month, registering a 25.3% growth against 8,322 units in the same period last year. The Volvo Trucks and Buses division recorded sales of 171 units for the month, a 2.4% increase from 167 units in January 2025, the company said. 

In the domestic market, Eicher-branded commercial vehicles recorded sales of 9,729 units in January 2026, up 23.6% from 7,872 units in the previous year. Segment-wise, sales of Small Commercial Vehicles (SCV) and Light and Medium Duty (LMD) trucks (under 18.5 tonnes) increased 42.6% to 5,401 units from 3,787 units. Sales of Heavy Duty (HD) trucks (18.5 tonnes and above) rose 33.5% to 2,680 units from 2,007 units. The domestic bus segment saw a decline, with LMD bus sales falling 11.4% to 1,525 units from 1,722 units, and HD bus sales dropping 65.4% to 123 units from 356 units.

VECV exports for Eicher trucks and buses increased 55.8% to 701 units in January 2026, compared to 450 units in January 2025. Export growth was led by the bus segment, which rose 175.0% to 319 units from 116 units. HD vehicle exports increased 47.7% to 65 units from 44 units, while SCV/LMD exports grew 9.3% to 317 units from 290 units.