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Eicher Motors, VECV developing new range of electric vehicles for public transportation

20 Aug 2018 Evaluate

Eicher Motors and VE Commercial Vehicles (VECV), a joint venture of Volvo Group India is developing a new line of products, including a complete range of electric vehicles for public transportation. The company, which has earmarked a capex of Rs 500 crore for 2018-19 towards new product development and capacity expansion, is working to drive in an affordable range of air-conditioned buses to cater to public transit.

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
Hero MotoCorp 5173.00
Eicher Motors 6949.85
OLA Electric Mobilit 37.09
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