Eicher Motors Ltd.

BSE: 505200 | NSE: EICHERMOT
Large Cap | Automobile Two & Three Wheelers
7125.00
-49.75 (-0.69%)
< Home < Back

Eicher Motors’ JV to invest Rs 500 crore for BS-VI technology: Report

Date: 26-04-2017

Eicher Motors’ joint venture (JV) - VE Commercial Vehicles, will reportedly invest Rs 500 crore to make trucks that comply with the latest emission norms after India skipped a stage in the chronologically progressive set of standards monitoring automobile pollution. Car- and truck-makers selling in India have less than four years to transition from BS-IV to BS-VI norms.

The JV has already invested Rs 400 crore on upgrades related to BS IV compliance and the development of other products. It is India’s fourth-biggest maker of heavy-duty trucks.

Eicher Motors is one of the leading manufacturers of commercial vehicle. It has manufacturing facilities located in Madhya Pradesh, Tamil Nadu, Maharashtra, and Haryana. VE Commercial Vehicles is a JV between Volvo AB and Eicher Motors.