VECV to build new plant?
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.