VE Commercial Vehicles (VECV), an equal joint venture (JV) between Eicher Motors and the Volvo Group will make an investment of Rs 400 crore for a new plant coming up in Bhopal, Madhya Pradesh.
The company is building a new 40,000 unit truck capacity with an initial investment of Rs 400 crore.
The plant is aimed at enhancing VECV’s market share in the heavy-duty truck segment. VECV has so far invested around Rs 3,500 crore in the operations.