VECV’s journey so far…
Strong foundation based on trust and mutual respect.
Strengths like Volvo Group’s global technology and world-class processes, as well as Eicher’s frugal engineering coupled with local expertise and strong values of Volvo Group and Eicher Motors.
Growth of vehicle sales at a CAGR of 8.3 per cent (against industry growth of 3.1 per cent CAGR in 5T and above) to 65,932 vehicles in 2017-18, thereby gaining market share in all segments.
Adoption of several world-class systems and processes from Volvo Group for new product development and sales, helping deliver excellent products and experience to customers.
Strong position in the LMD trucks business with over 30 per cent market share.
Excellent products in the HD trucks segment under basic (Pro5000), value (Pro6000), mid-premium (Pro8000) and premium segments (Volvo Trucks), now well placed to gain bigger market share.
Strong products in the bus segment under basic (Starline), value (Skyline) and mid-premium (Skyline Pro) segments.
Growth in exports from India from 2000 to more than 9,000.