VECV sales decline 58.27% in January 2009

A joint venture between Volvo and Eicher Motors, VE Commercial Vehicles (VECV) has reported a decline of 58.27% in the sales of its Eicher brand commercial vehicles in January 2009. The company sold 940 units in January 2009, compared to 2,253 units in January 2008. At 121 units in January 2009, exports were down 41.8%, while domestic sales, at 819 units, were down 60% compared to January 2008.