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Eicher Motors’ JV firm to invest Rs 600 crore on product development

06 Feb 2014 Evaluate

Eicher Motors and Volvo Group’s joint venture firm, VE Commercial Vehicles (VECV) is planning to invest Rs 600 crore this year on product development and marketing initiatives.

The company is eying to increase its market share with the introduction of its Pro series of trucks. The Pro series vehicles with gross weight between 5 and 49 tonnes would be rolled out in a phased manner starting next month. The range has been developed and manufactured as a result of synergies between Volvo and Eicher Motors.

 

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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