Eicher Motors’ unlisted subsidiary — VE Commercial Vehicles (VECV) has decided to set up a new manufacturing facility at Bhopal. The existing capacity is 90,000 vehicles and the proposed capacity addition is 40,000 vehicles.
The Period within which the proposed capacity is to be added is 18‐24 months. The investment required for setting up new manufacturing facility is Rs 400 crore. VECV is planning to set up new facility to meet the growing demand the existing capacity of 90,000 vehicles at Pithampur, near Indore.
Eicher Motors is an India-based company, which is engaged in manufacturing automobile products and related components. The company operates in business verticals, including motorcycles, commercial vehicles and personal utility vehicles