Ad

Ad

VE Commercial Vehicles to Invest ₹1,500 Crore in MP For Electric Commercial Vehicles


By Priya SinghUpdated On: 26-Feb-2025 06:19 AM
noOfViews3,021 Views

Follow Us:follow-image
Shareshare-icon

ByPriya SinghPriya Singh |Updated On: 26-Feb-2025 06:19 AM
Share via:

Follow Us:follow-image
noOfViews3,021 Views

VE Commercial Vehicles is investing in Madhya Pradesh to expand electric truck production, enhance infrastructure, and boost industrial growth in the state.
VE Commercial Vehicles to Invest ₹1,500 Crore in MP For Electric Commercial Vehicles

Key Highlights:

  • VECV is investing ₹1,500 crore in Madhya Pradesh to expand commercial vehicle manufacturing.
  • The investment will support a new R&D center, automotive parts production, and manufacturing expansion.
  • Madhya Pradesh’s new investment policy 2025 offers sector-specific incentives and regulations.
  • The Eicher Pro X electric truck facility in Bhopal will expand production.
  • VECV highlights the need for a skilled workforce, better infrastructure, and industrial growth.

VE Commercial Vehicles (VECV), a joint venture of India’s Eicher Motors and Sweden’s Volvo Group, is investing Rs 1,500 crore to expand its operations in Madhya Pradesh. The company already has manufacturing plants in Bhopal and Pithampur, Dhar district.

This investment will help to set up a modern research and development center, boost the production of automotive parts, and manufacture new commercial vehicle manufacturing units, with a focus on electric vehicles (EVs).

Leadership Insights:

Vinod Aggarwal, CEO of VE Commercial Vehicles, praised the Madhya Pradesh government’s efforts to promote automation and transparency to improve ease of business. He stated, “We plan to further invest another Rs 1,500 crore in new plants in Madhya Pradesh for commercial vehicles, specifically electric vehicles, automotive parts and assemblies, capacity expansion, and a world-class technology centre.”

He also mentioned, “The recently launched new investment policy 2025 has made Madhya Pradesh a leading industrial state by offering sector-specific incentives and simplified regulations. The state has a large land pool for industries and good power availability.”

Vinod Aggarwal emphasised the need for a skilled workforce by improving vocational training and updating educational curriculum. He also stressed the importance of expanding infrastructure, especially transport and communication networks, for better industrial connectivity. Additionally, he suggested developing industries beyond existing hubs by improving connectivity, residential facilities, and infrastructure in emerging areas.

Eicher Pro X Electric truck

With the recent launch of a dedicated manufacturing facility for the Eicher Pro X electric trucks in Bhopal, the new investment will expand Pro X truck production to meet growing logistics demand across India. This will also strengthen the company's position in the Small Commercial Vehicle (SCV) segment.

About VECV

VECV, a joint venture between Sweden’s Volvo Group and India’s Eicher Motors, has established a strong presence in India’s commercial vehicle market, especially in the light and medium-duty truck segments, where it leads the market. The new facility is part of VECV's advanced, Industry 4.0-compliant factory complex in Bhopal.

Due to changing logistics needs and environmental regulations, India’s commercial vehicle industry is shifting toward more sustainable and efficient solutions. With the rise of e-commerce and quick commerce, there has been a growing demand for vehicles suited for last-mile delivery.

Also Read: VECV Opens New Facility for Eicher Pro X Trucks in Bhopal

CMV360 Says

VE Commercial Vehicles is investing ₹1,500 crore in Madhya Pradesh to make more electric trucks and automotive parts. The state has good policies and facilities for industries to grow. The company also plans to improve skills and infrastructure to support industries. 

News


CMV360 Weekly Wrap-Up | 20th–26th April 2025: Key Developments in Sustainable Mobility, Electric Vehicles, Tractor Leadership, Technological Innovation, and Market Growth in India

CMV360 Weekly Wrap-Up | 20th–26th April 2025: Key Developments in Sustainable Mobility, Electric Vehicles, Tractor Leadership, Technological Innovation, and Market Growth in India

This week’s wrap-up highlights India’s advancements in electric vehicles, sustainable logistics, tractor leadership, AI-driven farming, and market growth....

26-Apr-25 07:26 AM

Read Full News
Chennai MTC to Get 625 Electric Buses from July, TN to Add 3,000 New Buses Soon

Chennai MTC to Get 625 Electric Buses from July, TN to Add 3,000 New Buses Soon

Tamil Nadu (TN) to add 8,129 new buses, including electric and CNG, starting with 625 e-buses in Chennai from July....

25-Apr-25 10:49 AM

Read Full News
Montra Electric Opens e-SCV Dealership in Uttar Pradesh with MG RoadLink

Montra Electric Opens e-SCV Dealership in Uttar Pradesh with MG RoadLink

Montra Electric opens its first e-SCV dealership in Uttar Pradesh, offering EVIATOR sales and service support in Lucknow with MG RoadLink....

25-Apr-25 06:46 AM

Read Full News
GreenLine Deploys LNG Fleet for Bekaert, Aiding India’s Clean Transport Goals

GreenLine Deploys LNG Fleet for Bekaert, Aiding India’s Clean Transport Goals

GreenLine and Bekaert launch LNG truck fleet to cut emissions and support India’s shift to a gas-based economy....

24-Apr-25 11:56 AM

Read Full News
India to Introduce Safety Ratings for Trucks and E-Rickshaws

India to Introduce Safety Ratings for Trucks and E-Rickshaws

The announcement was made during a two-day workshop on vehicle and fleet safety in Faridabad, organized by the Global New Car Assessment Program (GNCAP) and the Institute...

24-Apr-25 11:09 AM

Read Full News
Montra Electric Opens First e-SCV Dealership in Rajasthan

Montra Electric Opens First e-SCV Dealership in Rajasthan

The dealership has been established through a collaboration with Ensol Infratech Pvt Ltd. It follows a 3S model—offering Sales, Service, and Spares along with charging su...

24-Apr-25 07:11 AM

Read Full News

Ad

Ad

web-imagesweb-images

Registered Office Address

Delente Technologies Pvt. Ltd.

M3M Cosmopolitan, 12th Cosmopolitan,

Golf Course Ext Rd, Sector 66, Gurugram, Haryana

pincode - 122002

Join CMV360

Receive pricing updates, buying tips & more!

Follow Us

facebook
youtube
instagram

COMMERCIAL VEHICLE BUYING BECOMES EASY AT CMV360

CMV360 - is a leading commercial vehicle marketplace. We helps consumers to Buy, Finance, Insure and Service their commercial vehicles.

We bring great transparency on pricing, information and comparison of tractors, trucks, buses and three wheelers.