Volvo-Eicher JV to set up truck manufacturing plant in Bhopal

By OEM Update Editorial November 13, 2018 5:53 pm IST

Eicher Motors, which has a 50:50 joint venture with Volvo for trucks and buses (VECV), has announced that the JV plans to set up a new greenfield truck manufacturing plant at an investment of `4 billion in Bhopal.

“The Madhya Pradesh government has allotted land for the new plant and work to set up this plant is expected to start soon,” Eicher Motors said in a BSE filing.

“The target is to go on stream with this plant in the next 18 months at an investment of around ₹4 billion and an initial capacity of 40,000 trucks, in addition to the capacity of 90,000 trucks at Pithampur, near Indore,” it added.

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