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Eicher Motors’ JV signs pact with Baidyanath LNG

28 Aug 2024 Evaluate

Eicher Motors and Volvo Group -- joint venture (JV) company -- VE Commercial Vehicles (VECV) has signed an initial pact with Baidyanath LNG for the deployment of 500 LNG trucks, a move which would help in developing green trucking routes and scaling up the LNG Corridor in India. 

Under terms of the initial pact, which will be further detailed in definitive agreements, the creation of the LNG fleet will facilitate the development of the LNG station network across various strategic locations in Central India. This will fast-track the development of the overall supply-side ecosystem, aiding the long-haul transport segment to switch to cleaner fuel.

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 11684.00
TVS Motor Company 4127.50
Hero MotoCorp 5225.00
Eicher Motors 7540.00
OLA Electric Mobilit 38.56
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