VE Commercial Vehicles (VECV), a JV between Eicher Motors and Volvo Group, has started commercial operations at its new truck manufacturing unit at Bagroda in Bhopal, making it the company's eighth facility in Madhya Pradesh. The company said several ancillary units are expected to come to Bagroda. This holds a very bright future for the development of this area as well as for the creation of employment opportunities for the local people.

It said the new plant has been set up based on world-class manufacturing technology with connected machines following ‘Internet of Things (IOT)  and Industry 4.0 standards.

In the first phase, the plant will have the capacity for manufacture of 40,000 trucks. This facility will also be used for catering to new export markets, thus contributing to the vision of Atmanirbhar Bharat as well as Make in India initiatives by our commitment to Make in Madhya Pradesh," said Managing Director and CEO Vinod Aggarwal.

 VECV is one of the large investors in the state with an investment of more than Rs 5,000 crore in its eight plants. Apart from this, it has attracted more than 100 ancillary and other suppliers for supplying the parts required in the manufacture of trucks. As a result, the company has generated direct and indirect employment for over 30,000 people including suppliers and associates.

Prices of petrol and diesel up for 6th straight day, know today's rate

Assam Petro-Chemicals limited incurs loss of Rs 10.08 crores in financial year 2019-2020

LTC Amendment and its impact on J&K and Northeast economies