Eicher Motors Ltd.

VE Commercial Vehicles (VECV), a joint venture between the Volvo Group and Eicher Motors, has planned to investment of Rs 544 crore (about 576 million Swedish Krona) for the production and final assembly of the Volvo Group’s globally state-of-the-art 12-speed Automated Manual Transmission (AMT). The greenfield factory will be established at Vikram Udyogpuri Integrated Industrial Township, Ujjain, Madhya Pradesh (MP).

The investment in AMT production is yet another step in the 18-year-old successful VECV JV between the Volvo Group and the company. As the global manufacturing hub for Volvo Group’s 5 & 8 Liter (MDEP) engines since 2013, VECV’s Pithampur factory has been a pioneer in Making in India for the World.

The new AMT facility will have an initial capacity to produce up to 40,000 units p.a. with production and local content to be gradually ramped up in line with Volvo Group’s global processes and quality standards.

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.