Page 38 - Construction_Opportunities_March_2026

EQUIPMENT TICKER TAPE

VECV SURPASSES 1 LAKH ANNUAL COMMERCIAL Aligned with India’s vision of Atmanirbhar Bharat, VECV continues
VEHICLE SALES MILESTONE IN FY26, RECORDS HIGHEST- to play a meaningful role in nation-building by strengthening
EVER PRODUCTION AND DELIVERIES domestic manufacturing capabilities and supporting the
VE Commercial Vehicles Ltd. (VECV), a joint venture between modernization of logistics and public transportation. The
Volvo Group and Eicher Motors, today announced that it has company’s strong ‘Make in India’ approach, coupled with its
sold over 100,000 vehicles in FY 2025–26—its highest-ever annual growing export footprint, enables it to serve both domestic and
sales. This achievement reflects the realization of a key vision set global markets.
at the inception of the Volvo–Eicher joint venture and reinforces VECV’s journey has also been supported by progressive
its strong growth momentum in the Indian commercial vehicle government initiatives such as infrastructure development
industry. under Bharatmala and the policy push towards clean mobility
VECV’s strong performance was driven by strong demand across through initiatives like PM e-Drive. With a long-standing focus on
segments, with Light & Medium Duty (LMD) trucks contributing advanced emission technologies and sustainable solutions, the
47,789 units (46.1%), Heavy Duty (HD) trucks accounting for 26,867 company remains aligned with India’s transition towards a low-
units (25.9%), and the bus segment contributing 19,363 units carbon future.
(18.7%). VECV has been at the forefront of industry-first initiatives,
This milestone has been achieved on the back of VECV’s wide including being among the earliest to introduce BSVI-compliant
product portfolio, delivering solutions across diverse applications, technologies and pioneering a 100% connected vehicle portfolio
combined with a sharp focus on best-in-class fuel efficiency, in India through Eicher Live—one of the most comprehensive
superior uptime and customer centricity. This achievement telematics platforms driving productivity and profitability. These
also reflects the strength of the partnership of Volvo Group and efforts are complemented by VECV’s world-class manufacturing
Eicher Motors. Since the JV’s inception in 2008, it has played capabilities and extensive network footprint.
a transformative role in redefining benchmarks across the The company operates 8 plants in the country, including
commercial vehicle ecosystem by combining Volvo Group’s India’s first Industry 4.0-enabled plant in Bhopal, its integrated
global leadership in advanced technology with Eicher Motors’ manufacturing hub at Pithampur, and a world-class engine
deep understanding of Indian market dynamics. Building on manufacturing facility (VEPT) catering to global Volvo Group
these strengths, VECV continues to drive the modernization of requirements.
commercial transportation with its future-ready, sustainable It is further strengthening its manufacturing capabilities with
solutions that enhance efficiency, productivity, and fleet the upcoming Automated Manual Transmission (AMT) plant
performance. in Ujjain, reinforcing its focus on advanced technology,
Commenting on the occasion, B. Srinivas MD & CEO, VECV, improved drivability, and enhanced fuel efficiency. Supported
said, “Crossing the milestone of 1,00,000 by a strong pan-India dealership and service network of over
vehicles in a year is a significant 1250 touchpoints, along with a rapidly expanding digital and
achievement for VECV and reflects the connected ecosystem, VECV continues to deliver superior
trust our customers have placed in our customer experience and lifecycle support.
products and solutions. This milestone also
fulfils a key part of the original vision set TATA MOTORS ANNOUNCES PRICE INCREASE FOR
at the inception of the Volvo–Eicher joint COMMERCIAL VEHICLES FROM APRIL 2026
venture, underscoring the strength and Tata Motors today announced a price increase of up to 1.5%
long-term strategic direction of our partnership. As we move across its commercial vehicle range, effective 1 April 2026. The
forward, we remain committed to driving the next phase of price increase is being undertaken to partially offset the impact
growth through innovation, sustainability, and deeper customer of rising commodity prices and other input costs. The increase
engagement.” will vary depending on the model and variant.

38 CONSTRUCTION OPPORTUNITIES|MARCH 2026