Eicher Motors’ joint venture (JV) - VE Commercial Vehicles, will reportedly invest Rs 500 crore to make trucks that comply with the latest emission norms after India skipped a stage in the chronologically progressive set of standards monitoring automobile pollution. Car- and truck-makers selling in India have less than four years to transition from BS-IV to BS-VI norms.
The JV has already invested Rs 400 crore on upgrades related to BS IV compliance and the development of other products. It is India’s fourth-biggest maker of heavy-duty trucks.
Eicher Motors is one of the leading manufacturers of commercial vehicle. It has manufacturing facilities located in Madhya Pradesh, Tamil Nadu, Maharashtra, and Haryana. VE Commercial Vehicles is a JV between Volvo AB and Eicher Motors.
| Company Name | CMP |
|---|---|
| Bajaj Auto | 10112.50 |
| TVS Motor Company | 3710.60 |
| Hero MotoCorp | 4992.80 |
| Eicher Motors | 7524.95 |
| Ather Energy | 1139.75 |
| View more.. | |
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