MP’s Make In India Victory: Volvo-Eicher To Set Up Rs 400 Crore Greenfield Manufacturing Plant In BhopalRepresentative image (Wikipedia)

Volvo and Eicher have announced a collaboration to set up a Rs 400 Crore greenfield manufacturing unit in Bhopal, Business Standard has reported. Volvo and Eicher are commemorating 10 years of partnership in India.

"The Madhya Pradesh government has allotted land for the new plant and work to set up this plant is expected to start soon," Volvo Eicher Commercial Vehicles (VECV) said in its Bombay Stock Exchange (BSE) filing.

The company has set a deadline to complete the plant in next 18 months. The manufacturing unit will have a capacity to manufacture of 40,000 trucks in addition to the capacity of 90,000 trucks it already has in its Pithampur plant.

“With the announcement of setting up of a new plant at an investment of Rs 4 billion, we have full confidence in the growth potential in the Indian market and with technologically superior products, VECV is in an advantageous position to fully leverage the opportunities in the market”, said President of Volvo Group Trucks Asia and JVs Hkan Karlsson after the new plant’s announcement.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber