You are here: Home » Companies » News
Business Standard

VE Commercial Vehicles set to export Eicher trucks

The joint venture is in the process of exporting new range of trucks developed in India with R&D from Volvo

Mahesh Kulkarni  |  Bangalore 

VE Commercial Vehicles (VECV), the six-year-old 50:50 joint venture between Sweden’s Volvo Group and Eicher Motors Limited, is working with its partner, Volvo to develop products for export markets.

The company is currently in the process of exporting its made-in-India light and medium commercial vehicles or LCVs to select markets in West Asia, South Asia and Africa.

“Currently, our products are undergoing homologation tests in these countries and we hope to launch our new trucks under both, Eicher and Volvo brands later this year,” said Shyam Maller, senior vice-president, sales & marketing, VECV.

The company plans to export Eicher Pro 1000 and Pro 3000 series trucks in these markets. “We are working with our partner Volvo to identify which truck to be marketed under Volvo and Eicher brands. To begin with, we will export Pro 1000 and 3000 series trucks. In the second phase, we will export Pro 6000 and Pro 8000 series trucks. Already, Volvo in Thailand sells Pro 6000 series trucks under the UD brand. We will take a decision in this connection very soon,” Maller told Business Standard.

He said the company, which witnessed 16 per cent contraction in sales in the domestic market during the first six months (January-June) of this year, is largely dependent on export sales to grow.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, July 16 2014. 00:45 IST