Volvo Eicher Commercial Vehicles (VECV), the 50:50 JV between Sweden’s Volvo Group and India’s Eicher Motors, has announced plans to increase capacity at its plant in Indore, Madhya Pradesh.
The company plans to increase the plant’s capacity to 7,000 units by adding a new assembly line, which will be realised by the end of 2016.
VECV will be investing Rs 400 crore during 2016-17, towards capacity expansion, new products, and other novel initiatives.