Rumour: Volvo-Eicher could spin off a separate EV unit

TusharK · 25th March 2022, 15:11

According to a media report, Eicher Motors and the Volvo Group could spin off a separate EV unit as part of their Indian joint venture - VE Commercial Vehicles (VECV).

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Size: 234.0 KB

It is said that VECV is developing 9-metre and 12-metre electric buses. The company is also planning to enter the electric truck segment and is reportedly developing products in the 5-tonne and 55-tonne categories.

VECV plans to invest close to Rs 1,500 crore to prepare itself for new regulations and the growing EV demand over the next 3 years. The company will also participate in the tender floated by EESL to purchase 5,000 electric buses.

Source: ET Auto

Link to Team-BHP News

25th March 2022, 15:11	#1
TusharK Senior - BHPian Join Date: Jul 2017 Location: Pune Posts: 6,275 Thanked: 55,894 Times	Rumour: Volvo-Eicher could spin off a separate EV unit According to a media report, Eicher Motors and the Volvo Group could spin off a separate EV unit as part of their Indian joint venture - VE Commercial Vehicles (VECV). It is said that VECV is developing 9-metre and 12-metre electric buses. The company is also planning to enter the electric truck segment and is reportedly developing products in the 5-tonne and 55-tonne categories. VECV plans to invest close to Rs 1,500 crore to prepare itself for new regulations and the growing EV demand over the next 3 years. The company will also participate in the tender floated by EESL to purchase 5,000 electric buses. Source: ET Auto Link to Team-BHP News Last edited by TusharK : 25th March 2022 at 15:12.
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