 "Cheaper Chinese import continues to affect the domestic industry in the truck and bus radial segment")
At a time several commercial vehicle (CV) makers are planning to cut down capex and investments due to slowdown, VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, plans to invest Rs 650-700 crore on the rollout of BS VI vehicles and a greenfield venture in Bhopal this fiscal.
Vinod Aggarwal, MD & CEO, VECV, told Business Standard that the current phase of slowdown is temporary, and that the medium and long-term horizons look good. He adds that his firm is preparing for the future, since it is a long-term player.
The company's Bhopal plant, which
