Eicher Motors Ltd.

Eicher Motors and VE Commercial Vehicles (VECV), a joint venture of Volvo Group India is developing a new line of products, including a complete range of electric vehicles for public transportation. The company, which has earmarked a capex of Rs 500 crore for 2018-19 towards new product development and capacity expansion, is working to drive in an affordable range of air-conditioned buses to cater to public transit.

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.