VE Commercial Vehicles, a subsidiary of Eicher Motors (NSE:EICHERMOT, BOM:505200), reported an over 10% rise in its total sales in March to 13,311 units from 12,094 units sold a year ago, according to an Indian bourse filing on Wednesday.
The domestic sales were up nearly 14% year on year to 12,706 units, while exports plunged 39% to 407 units.
Shares of Eicher Motors jumped nearly 5% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.