VE Commercial Vehicles opens new truck plant at Bhopal
Published On Dec 07, 2020
The flexible plant has an initial annual production capacity of 40,000 units. The plant is based on world-class manufacturing technology with connected machines, the Internet of Thing methodology and Industry 4.0 standards. The company plans to cater to domestic and overseas markets through this all-new plant.
VE Commercial Vehicles today commenced the commercial operations at its new, state-of-the-art truck manufacturing unit at Bagroda, Bhopal. This is the 8th manufacturing facility of VECV in the state of Madhya Pradesh and has been set up with Industry 4.0 standards.
Chief Minister of Madhya Pradesh Shivraj Singh Chouhan inaugurated the new manufacturing facility and flagged off the new trucks rolled out from this plant.
With the setting up of this plant at Bagroda Industrial Area, Bhopal, VECV becomes the pioneer company in the development of a new Industrial Estate at Bagroda. With this plant, a number of ancillary units are expected to come to Bagroda, and this holds a very bright future for the development of this area as well as for the creation of employment opportunities for the local people.
With VECV’s vision to modernize commercial transportation, this plant has been set up based on world class manufacturing technology with connected machines following IoT methodology and Industry 4.0 standards. In the first phase, the plant will have the capacity for manufacturing 40,000 trucks.
Speaking on the inauguration, Vinod Aggarwal, MD & CEO, VECV said, “It’s a very proud moment for us today when we commence commercial operations at our new plant. This is a testament to our commitment to the State of Madhya Pradesh with eight plants in the State now. We are extremely happy of the industry friendly policies, as well as the very peaceful industrial atmosphere of the state.”
“Apart from meeting the domestic demand, this facility will also be used for catering to new export markets thus contributing to the vision of Atmanirbhar Bharat as well as Make in India initiatives by our commitment to Make in Madhya Pradesh”, Aggarwal added.
Long Association with the State
Eicher is not new to the state of Madhya Pradesh as the company set up a manufacturing base in the same way back in n 1986 with its truck plant. Eicher became the pioneer in establishing Pithampur Industrial Area, which was not an industrial district at that time. VECV is one of the largest investors in the State, with an investment of more than Rs. 5000 crores in its eight plants. Apart from this, it has attracted more than 100 ancillary and other suppliers for supplying the parts required in the manufacture of trucks. As a result, VECV has generated direct and indirect employment for over 30,000 people, including suppliers and associates.
VE Commercial Vehicles, a leading truck maker in India, is a joint venture between the global truck makers Volvo Group and Eicher Motors since 2008. The company produces and sell a complete range of Eicher branded trucks and buses, Volvo Buses, exclusive distribution of Volvo Trucks in India, engine manufacturing and exports for Volvo Group, non-automotive engines and Eicher component business.