News ArticleEicher Motors' VE Commercial Vehicles Sales Volume Climbs 34.9% in October 2026
Domestic truck sales surge 36.9% as year-to-date volumes grow by 23.6% amid continued demand
Eicher Motors Limited disclosed that VE Commercial Vehicles Limited, its unlisted subsidiary, achieved a 34.9% growth in total sales volume in October 2026 compared to October 2025, driven by a 36.9% rise in domestic truck and bus sales. Year-to-date volumes also rose 23.6%, supported by notable increases in small and medium commercial vehicle sales and high-duty truck segments.
Eicher Motors Limited
General / Other
Eicher Motors Limited announced that its subsidiary VE Commercial Vehicles Limited recorded a 34.9% increase in total sales volume to 10,861 units in October 2026 compared to 8,050 units in the same month last year, with substantial growth in domestic truck and bus segments.
The domestic segment saw a 36.9% increase to 9,676 units sold in October 2026, up from 7,070 units in October 2025. Small and medium commercial vehicles (SCV/LMD Trucks) grew by 42.7% to 6,053 units.
High-duty trucks (≥18.5T) also showed a strong rise of 44.9%, reaching 2,719 units in October 2026. However, bus segment sales faced declines, with low-medium duty bus sales falling 1.9% and high-duty bus sales declining 29.7%.
Export sales grew by 30.0% to 911 units for the month, driven by a 151.3% rise in high-duty truck exports and an 85.6% increase in bus exports, partially offsetting a decrease in SCV/LMD exports.
Year-to-date (April to October 2026) total volumes increased by 23.6% to 63,746 units, compared to 51,561 units for the same period in the previous year, reflecting continued growth momentum in the commercial vehicles sector.
Highlights
- Total VE Commercial Vehicles sales volume in October 2026: 10,861 units (34.9% increase vs. Oct 2025)
- Domestic sales volume in October 2026: 9,676 units (36.9% increase)
- Small and medium commercial vehicle sales up 42.7% to 6,053 units in October 2026
- High-duty truck sales rose 44.9% to 2,719 units in October 2026
- Bus sales down by 1.9% (LMD) and 29.7% (HD) in October 2026
- Export sales volume increased 30.0% to 911 units in October 2026, led by high-duty truck export growth of 151.3% and bus exports up 85.6%
Key Data Snapshot
What happened
- VE Commercial Vehicles Limited, an unlisted subsidiary of Eicher Motors Limited, registered a 34.9% increase in total sales volume in October 2026 compared to October 2025.
- The total sales volume for October 2026 was 10,861 units versus 8,050 units in the previous year.
Key details
- Domestic sales surged by 36.9% to 9,676 units in October 2026 from 7,070 units a year earlier.
- Small and medium commercial vehicle sales (SCV/LMD Trucks) increased by 42.7% to 6,053 units.
- High-duty trucks (≥18.5T) sales rose 44.9% to 2,719 units.
- Bus sales in the domestic market declined; low-medium duty bus sales fell by 1.9% and high-duty bus sales by 29.7%.
- Exports grew 30.0% to 911 units, supported by a 151.3% increase in high-duty truck exports and an 85.6% rise in bus exports.
Business impact
- Year-to-date sales (April to October 2026) increased 23.6% to 63,746 units versus 51,561 units in the same period last year, reflecting strong market demand and growth for commercial vehicles.
- Export growth remained moderate at 2.9% year-to-date, with significant monthly improvements.
Regulatory and governance context
- The sales volume figures were submitted to the Society of Indian Automobile Manufacturers (SIAM) and disclosed as per stock exchange requirements.
- Data reflects actual sales reported by VE Commercial Vehicles Limited for regulatory and investor information purposes.
Highlights
- Total VE Commercial Vehicles sales volume in October 2026: 10,861 units (34.9% increase vs. Oct 2025)
- Domestic sales volume in October 2026: 9,676 units (36.9% increase)
- Small and medium commercial vehicle sales up 42.7% to 6,053 units in October 2026
- High-duty truck sales rose 44.9% to 2,719 units in October 2026
- Bus sales down by 1.9% (LMD) and 29.7% (HD) in October 2026
- Export sales volume increased 30.0% to 911 units in October 2026, led by high-duty truck export growth of 151.3% and bus exports up 85.6%
Disclosures
- Disclosure to BSE and NSE as per SEBI LODR regulations, 2015
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