VE Commercial Vehicles Limited is a 50:50 joint venture between the Volvo Group (Volvo) and Eicher Motors Limited (EML). It is a partnership that brings together Global leadership in technology, quality, safety and environmental care, along with the deep knowledge and understanding of the Indian Commercial Vehicle (CV) market. VE Commercial Vehicles Ltd. (VECV) owes its inception to the compelling intent of driving modernization in commercial transportation, in India and other developing markets.

Key Facts


  • VE Commercial Vehicles Limited (VECV) is a 50:50 joint venture between the Volvo Group and Eicher Motors Limited, and is headquartered at New Delhi. This joint venture came into effect in July 2008.
  • ETB, completed 25 years of operations in India in the month of June 2011. The first Eicher truck was rolled out from its manufacturing plant in Pithampur, Madhya Pradesh in 1986 and over the past 25 years, the products have got endorsement from happy customers of over 400,000 vehicles.

  • Eicher Trucks and Buses (ETB) is present in the L/MD segment with a strong presence in the 5T-12T truck segment. Eicher’s 15-65 seater buses have a growing presence in the LD school bus, staff and route-permit segments. ETB has also made strong inroads into heavy-duty trucks segment of 16T-40T with their “VE” series of Fuel Efficient heavy-duty trucks.
  • Eicher unveiled its entire new range of future generation trucks and buses at an impressive product reveal function in Pithampur on December 2, 2013. The all new product range has been named the “Eicher Pro’’ series. Adopting the most professional and holistic approach to modernise the Indian trucking industry, the new brand philosophy is to “Go Pro”; that is to give Indian trucking a truly professional offering which will lead to higher productivity, profitability and prosperity for the customer. Eicher’s new Pro series trucks and buses promise to deliver best-in-class fuel efficiency, higher loading capacity, superior uptime and overall vehicle life time profitability.
  • The state-of-the-art plant in Pithampur has access to top line manufacturing processes which includes cab weld shop with robotic welding, CED paint shop, integrated testing facilities, 100% hot test facility for engines and a lean and scalable manufacturing set up. A new paint shop was inaugurated at the Pithampur facility in November 2012. It will offer superior paint finish and deliver quality much superior to what we see in contemporary trucks in India. The top coat paint finish will be superior in terms of gloss, distinctness of image and corrosion resistance. Even UV protection will be two times more than the existing paint quality. The paint shop will have an initial capacity of 72,000 units scalable to 100,000 units per annum.
  • Volvo Trucks in India is synonymous with the mining and the construction industries. Over the years Volvo Trucks has built up an elite customer base having over 100 vehicles in their fleet operating at various mining sites across India. The customers vouch by the high reliability and productivity and have expanded business operations at a fast pace with quick return on investments. Being the customer’s best business partner, Volvo Trucks extend support to customers’ right through the life-cycle of the products with a wide network of service and parts centres and on site assistance. Volvo Trucks in 2010 launched the FH520 Powertronic Truck, “the most powerful and technologically advanced truck on the Indian road”, in the over dimensional cargo (ODC) segment. The proven FH520 platform is powered by 520hp, 6-cylinder, and inline direct injection diesel engine, which keeps it way ahead of competition in terms of the lugging capacity. Volvo trucks also introduced its global truck FMX 440 in EXCON at Bangalore in November 2011. This truck is specially targeted at Construction and Mining applications. Volvo Trucks launched in October 2012 the innovative, all new Volvo FM480 10x4 Dump Truck in India, built specifically for deep opencast mining. Keeping pace with the dynamics of the industry for over a decade and a half, this truck is an innovation that will set new benchmarks in the mining industry. Built on the powerful, reliable & proven Volvo FM13-litre platform, the FM480 10x4 Dump Truck is slated to be the next big ‘Game Changer’ in the mining application business.

  • Volvo Trucks in India is the first truck manufacturer to introduce the European design, high performance trucks with the latest technologies. To provide an all-round solution Volvo Trucks in India pioneered the Driver Training concept in commercial vehicles segment. Today, there are over 30,000 drivers trained by Volvo, operating Volvo vehicles across the country for private as well as public transports. When it comes to maintaining a Volvo Truck as a true Volvo, Genuine Volvo Parts helps the truck retains its original properties throughout its lifetime. Complementing the trucks, Volvo Trucks offers a wide range of Service Agreements to help customers plan the maintenance.
  • Commemorating successful completion of five years of partnership between Volvo Group and Eicher Motors in July 2013, VE Commercial Vehicles Limited announced start of commercial production at the technologically most advanced engine manufacturing plant in India. The plant has been set up at Pithampur, Madhya Pradesh, India with an initial capacity of 25,000 units per annum in Phase 1 at an investment of Rs 375 crores. The capacity will increase step by step to 100,000 units per annum as per the market requirements with an additional investment of around Rs 125 crores. The engine facility will be a global hub for meeting the medium-duty automotive engine requirements of Volvo Group globally for five- and eight-litre engines. The Euro 6-compliant diesel base engines will be supplied to Volvo Group plant in Venissieux, France where these engines will be assembled for the Volvo Group Euro 6 requirements. The same platform will be adapted to Euro 3 and 4 engine (BS3/BS4) technologies to meet the VECV requirements and other Volvo Group requirements for this type of engines in Asia.
  • Eicher Engineering Components (EEC) is the automotive component division of VECV. Established in 1992, EEC has grown to become one of the largest and most well reputed gear manufacturers in India. Not only does EEC meet all the automotive component requirements of Eicher Trucks and Buses, it also manufactures differential gears, transmission gears and shafts for a large domestic and global clientele, both in the OEM and spare-parts segments. Besides, EEC also supplies gear boxes to industrial, agricultural and other segments in the United States and Canada. EEC has four manufacturing plants, one at Thane (Maharashtra) and two at Dewas (Madhya Pradesh) manufacturing the complete range of gears, and one at Pithampur (Madhya Pradesh) manufacturing gear boxes. It is continuously developing new products and upgrading its technology, while increasing operational efficiency, to make sure that it gets the best products to the market at the most competitive rates.
  • The manufacturing set up in Thane houses state-of-the-art machines which include Gleason Conifex machines for straight bevel gear, Pfauter, Liebherr, Mitsubishi (CNC) and Cleveland Hobbing machines, latest heat treatment facilities and CNC bore and Cylindrical grinding machines.
  • The Plant in Dewas, Madhya Pradesh houses technologically advanced machines and equipment which includes a battery of Mitsubishi CNC Hobbing machines, fellow shaping machines, Reishauer Gear Grinder RZ400, Shaving Cutter Re-sharpening machine from Gleason Hurth, state-of-the-art Continuous Gas Carburising Furnace (from Aichelin) - fully PLC controlled with robotics for Press Quenching and PLC Controlled Sealed Quench Furnaces (with hot oil quenching for reduced distortions). Ground breaking ceremony of the proposed second unit at Dewas took place in January 2012.
  • Eicher Engineering Solutions (EES) is a global engineering service partner to OEM’s and First Tier suppliers in ground transportation, aerospace, and consumer products. EES utilizes technical competencies and systematic design processes and combine sophisticated engineering tools in a streamlined process. With a staff of 250+ of highly experienced engineers and skill sets, EES provides rapid team response capability in the Americas, India, and China. Providing a variety of strategic services and engagement models that include alliances, captive engineering centers, as well as specialized engineering, design, and analysis resources deployed to the customer sites. EES brings Total Value: Global Design, Computer-Aided Engineering (CAE) / Finite Element Analysis (FEA), Prototype, Onsite Resource deployment, and IT / High-Performance Computing (HPC) solutions that complement business strategies, practices, and the vision of integrated global product development.
  • VECV has around 4000 permanent employees across its different divisions in India.
milestones
Our Vision
“To be recognised as the industry leader driving modernisation in commercial transportation in India and the developing world”
Dec 2007: Signing of Letter of Intent
Jan 2010: Launch of VE-series of Eicher HD trucks
June 2010: Launch of VE Powertrain
Jan 2012: Bhoomi Pujan of Dewas Plant-II
Feb 2012: VEPT Building
Nov 2012: Inauguration of a new paint shop
Apr 2013: Inauguration of Dewas Plant 2
Jul 2013: Start of Production of Euro 6 engine manufacturing plant
Dec 2013: Eicher unveils the future of Indian trucking with the all new Pro series