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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.
VECV is a leading full-range commercial vehicle player in India.
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 300,000 vehicles.

Dec 2007: Signing of Letter of Intent

Jan 2010: Launch of VE-series of Eicher HD trucks

Volvo Trucks India: Sales and after sales support of Volvo trucks in India:

Volvo Trucks in India is synonymous with the mining and the construction industries. They have been tried and tested for operations in extreme conditions, reliable and robust performance and maximum productivity. 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.

Eicher Trucks and Buses (ETB) has a strong presence in the L/MD segment with a dominant share in the 5T-12T truck segment. Eicher’s 21-69 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 Engineering Components (EEC), the automotive component division of VECV,came into existence in 1992.
Eicher Engineering Solutions (EES) was set up in 1997, as a center of excellence to provide design, development and consulting expertise in the field of engineering services. It has two main business areas – EES Inc. (US) and EES Gurgaon (Delhi).
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. The plant has an annual production capacity of 48,000 units.

In 2010, in a global first initiative, VECV announced an investment of 2,880MINR (million Indian rupees) in its Pithampur plant for the production and final assembly of the Volvo Group’s new global VE Powertrain. In February 2012, the engine plant building was inaugurated by the VECV Board members and Senior VECV Executives.
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).
VECV has over 3000 employees across its different divisions in India.