VE Commercial Vehicles (VECV), the joint venture between Volvo Group and Eicher Motors is planning to set up a greenfield plant in Bhopal in Madhya Pradesh. The company plans to invest around ₹,4,000 million. The plant is likely to go operational by second half of 2020. It will have a manufacturing capacity of 40,000 units of truck in phase I and the later can be expanded to 90,000 units per year.
The land required for the plant has been allotted by the state government.
| Project Location | Bhopal, MP |
| Project Cost (in million) | ₹ 4,000 |
| Project Capacity | 40000 units/year |
| Project Status | Planning |
| Commissioning Date | Oct-2020 |
Company Profile : V E Commercial Vehicles Ltd
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