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Eicher Motors’ JV planning to invest Rs 500 crore in FY19

28 Jun 2018 Evaluate

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.

Peers
Company Name CMP
Bajaj Auto 10069.85
TVS Motor Company 4021.45
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