New line of products alongside complete range of electric vehicles for public transportation is to be developed by Volvo and Eicher.
VE Commercial Vehicles (VECV), a joint venture of Volvo Group India Pvt. Ltd and Eicher Motors Ltd, is developing a new line of products, including a complete range of electric vehicles for public transportation, reported PTI. The announcement was made by Eicher Motors CEO Siddhartha Lal.
Eicher’s future plan and investments
The company, which has earmarked a capex of ₹ 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.
In a message to shareholders in the company’s annual report for 2017-18, Lal said the company is also developing light and heavy-duty buses for the Middle East and African markets.
Lal further mentioned that Eicher is aiming to have a complete range of electric mobility solutions for public transportation, offering world-class quality and comfort. The company is also developing an affordable air-conditioned range of buses aimed at bringing superior comfort to public transit.
Speaking about success story, Lal mentioned that Eicher has already commenced operations of its Skyline Pro Electric buses in Kolkata and thus joined the league of zero-emission vehicle manufacturers. However, Eicher plans to invest ₹ 500 crore in VECV towards new product development and capacity enhancement.