Eicher Motors’ material subsidiary -- VE Commercial Vehicles (VECV) has incorporated a new subsidiary company in Indonesia by the name of PT VECV automotive Indonesia. PT VECV Automotive Indonesia has been set up with a view to enhance the Four-Wheeled and other Motor Vehicles supply chain in Indonesia. These business activities are related to the main line of business of VECV.
VECV has subscribed to the 99.99% of the equity share capital of PT VECV Automotive Indonesia i.e. 179,982 shares having the aggregate nominal value of Indonesian Rupiah 17,998,200,000.
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.
