VECV to build new plant?

Commercial Vehicle - - WHAT'S INSIDE -

With the Pitham­pur (In­dore) plant run­ning at full ca­pac­ity, VE Com­mer­cial Ve­hi­cles is look­ing at a new plant, claim in­dus­try sources. They draw at­ten­tion to the shift of Eicher heavytruck pro­duc­tion out of the Ban­ga­lore fa­cil­ity of Volvo Trucks. The Eicher heavy trucks, claimed to be based on Volvo Asia truck plat­form, are said to be adding to the al­ready over­flow­ing Pitham­pur plant. Claimed to av­er­age 7000 units per month, any rise in de­mand may call for the cre­ation of a new man­u­fac­tur­ing fa­cil­ity, men­tion sources. They draw at­ten­tion to the com­pany clock­ing sales of 6000 units in De­cem­ber 2017, and ex­press that VECV, with an of­fer­ing in almost ev­ery seg­ment of the CV mar­ket in In­dia bar­ring the SCV seg­ment will sooner or later have to in­vest in a new plant. They claim that the com­pany is look­ing at in­vest­ing Rs.400 to Rs.500 crore in FY2018-19, a chunk of which is ear­marked for BSVI tech­nol­ogy de­vel­op­ment, and the de­vel­op­ment of an elec­tric ve­hi­cle range. If VECV would de­velop the par­cel of land it is said to have at Bhopal is not yet clear. the Ban­ga­lore fa­cil­ity of Volvo Trucks, at the other end, will soon start rolling out Volvo cars.

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