Eicher Motors and Swedish automaker Volvo’s Joint Venture (JV) Company -- VE Commercial Vehicles is planning to invest Rs 500 crore in FY19 for business growth and the company is also aiming to increase truck volumes by 50% to meet the growing demand.
The JV Company is also awaiting board approval for setting up a third plant at an investment of Rs 300 to 400 crore in the next two years.
Eicher Motors is an India-based company, which is engaged in manufacturing automobile products and related components. The company operates in business verticals, including motorcycles, commercial vehicles and personal utility vehicles.
| Company Name | CMP |
|---|---|
| Bajaj Auto | 10130.95 |
| Hero MotoCorp | 5066.80 |
| TVS Motor | 3496.75 |
| Eicher Motors | 7329.55 |
| Ather Energy | 934.40 |
| View more.. | |
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