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VE Commercial Vehicles to pump Rs 400 crore for Bhopal plant

Tuesday, 09 Oct 2018
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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.

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