Volvo Eicher Trucks

VECV to invest ₹544 crore in new automated manual transmissions plant

VE Commercial Vehicles, a joint venture between the Volvo Group and Eicher Motors, announced on Thursday an investment of Rs 544 crore to set up a production facility for Volvo Group's 12-speed automated manual transmissions. The greenfield factory will be established at Vikram Udyogpuri Integrated Industrial Township, near Ujjain, Madhya Pradesh, the company said in a statement. The investment in automated manual transmission (AMT) production will cater to the needs of Eicher heavy-duty truck customers in India and the Volvo Group in India and select markets in the Asia-Oceania region, it added. As the global manufacturing hub for Volvo Group's 5 & 8 Litre (MDEP) engines since 2013, VECV's Pithampur factory has been a pioneer in making in India for the world, the company said. "The new investment to assemble and produce the Volvo Group AMT is built on the bedrock of this trust and technical capability. It marks another significant step towards our vision of becoming a leading CV .

Eicher Motors pops 3%, hits record high on strong Jan sales, robust outlook

The sharp rise in Eicher Motors share price was fuelled by healthy auto sales data in January, coupled with robust outlook, analysts said

Brokerages mixed on Eicher Motors after Q2 results; stock jumps 8%

Japan-based brokerage Nomura has upgraded Eicher Motors to a 'Neutral' rating from 'Reduce' and raised its target price from Rs 4,102 to Rs 4,391

Truckmaker Volvo beats profit expectations but says demand is easing

Volvo said profit margins were squeezed by lower sales volumes and increased investment in research and development

M&HCV, bus sales shift up in Q1; top 4 companies register 7.2 growth

H2FY25 expected to see demand revival as monsoons end; H1 affected by elections

Volvo says will minutely examine C40 Recharge EV to ascertain cause of fire

Luxury carmaker Volvo Car India on Tuesday said it will "minutely" examine the C40 Recharge electric SUV which caught fire in Chhattisgarh last week. While confirming the incident, the company said technical experts will try to ascertain the cause of the fire in the car while being driven. "At Volvo Cars we pride ourselves on the safety of our cars and have taken this incident very seriously. The said vehicle will be minutely examined by our technical experts to ascertain the cause," the automaker said in a statement. The company is in touch with and continues to support the customer, it added. The Swedish carmaker noted that the embedded safety features informed the driver to take the car aside and step out of the car. There were no injuries and all occupants were safe, it added. The price of C40 Recharge starts from Rs 62.95 lakh (ex-showroom).

From Ashok Leyland to VECV, busmakers' sales entered the fast lane in 2023

Ashok Leyland Limited (ALL) recorded a 64 per cent year-on-year increase in sales of medium and heavy commercial vehicle (MHCV) buses during the April-to-December period of 2023 to 11,216 units

VECV marks 15 years in India, says focused on exports and EV growth

The company also expressed its commitment to aggressively target markets such as West Asia, South East Asia, and Africa for future export growth

VE Commercial Vehicles reports 6.5% rise in sales at 6,715 units in June

VE Commercial Vehicles Ltd on Monday reported a 6.5 per cent growth in sales at 6,715 units in June 2023. The company, a joint venture between the Volvo Group and Eicher Motors, had sold 6,307 units in June 2022, VE Commercial Vehicles (VECV) said in a statement. Eicher branded trucks and buses recorded sales of 6,527 units last month as against 6,185 units in June 2022, a growth of 5.5 per cent, it added. In the domestic market, sales of Eicher branded trucks and buses grew by 12.4 per cent to 6,277 units as compared with 5,584 units in the corresponding month last year. Exports of Eicher branded commercial vehicles were at 250 units last month, down from 601 units in the year-ago period. Volvo trucks and buses recorded sales of 188 units in June 2023 over 122 units in June 2022, representing a growth of 54.1 per cent, the company said.

Price hike due to new BS VI norms will be within 5%: VECV CEO Aggarwal

Auto industry has 'mostly overcome' semiconductor issue, says leader of Volvo Eicher Commercial Vehicles

Volvo-Eicher looks to make most of post-pandemic recovery in bus market

Aims to disrupt intercity segment with fully-built luxury coaches

CV volumes to stay resilient as demand recovery takes hold in FY23

Margin pressures may continue on competitive pressures, input cost inflation

Product portfolio, expanding markets to drive gains for Eicher Motors

In addition to volume growth, margin gains hinge on raw material/freight cost movement

Can the policy push to EVs give a booster shot to pandemic-hit bus makers?

The high acquisition cost may still be a dampener for the financially beleaguered STUs

With economic activity in deep freeze, truckmakers wait for signs of thaw

Balance-sheet squeeze makes purchase of trucks impractical, they say

Ashok Leyland domestic sales skid 91% in March, Eicher total sales dip 83%

Eicher's commercial vehicle (CV) sales dropped by 81 per cent to 1,409 units during the month from 7,329 units, a year ago

Volvo Eicher sees no rush among transporters to buy BS-IV trucks

Automakers in India import about 10% of their raw materials from China

VE Commercial Vehicles sales decline 19% at 5,042 units in December

The company, which is a Volvo Group and Eicher Motors joint venture, said Eicher branded trucks and buses recorded a total sales 4,910 units last month as compared to 6,113 units in December 2018

VECV says it is a long-term player, auto slowdown hasn't impacted its capex

The Volvo-Eicher Motors JV plans to invest Rs 650-700 cr on BS VI rollout, apart from a greenfield venture in Bhopal

Volvo-Eicher JV to set up Rs 4-bn truck manufacturing plant in Bhopal

'The Madhya Pradesh government has allotted land for the new plant and work to set up this plant is expected to start soon'