Eicher Motors Ltd.

Eicher Motors and Swedish automaker Volvo’s Joint Venture (JV) Company -- VE Commercial Vehicles is planning to invest Rs 500 crore in FY19 for business growth and the company is also aiming to increase truck volumes by 50% to meet the growing demand.

The JV Company is also awaiting board approval for setting up a third plant at an investment of Rs 300 to 400 crore in the next two years.

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.