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Eicher Motors’ JV bags order worth Rs 500 crore to supply 550 intercity buses

04 Aug 2023 Evaluate

Eicher Motors and Volvo Group joint venture (JV) company -- VE Commercial Vehicles (VECV) has secured an order for 550 intercity buses worth around Rs 500 crore from Karnataka-based Vijayanand Travels. The buses, to be delivered in 12-18 months, will comprise 500 units of Eicher Intercity 13.5m AC and non-AC sleeper coaches and 50 Volvo 9600 luxury sleeper coaches.

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 10080.00
TVS Motor Company 3977.00
Hero MotoCorp 5035.35
Eicher Motors 7050.00
OLA Electric Mobilit 29.90
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