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Volvo Eicher Commercial Vehicles New Engine Plant
Volvo Eicher Commercial Vehicles, a JV formed by France's Volvo Group and India's Eicher Motors has completed 5 successful. At the same time, the Volvo Eicher CV has inaugurated a new engine manufacturing plant in Pithampur, Madhya Pradesh, which it says is the most technologically advanced engine manufacturing plant in India.
The new plant will be the global manufacturing hub for base Volvo engines of ranging from Euro 3 to Euro 8 specs. The new plant will have a capacity of 25,000 units per annum during its first phase.
VE
Commercial
Vehicles
Limited
(VECV)
starts
production
at
the
technologically
most
advanced
engine
manufacturing
plant
in
India
VECV
to
be
the
global
manufacturing
hub
and
industrial
base
for
Euro
3,
Euro
4,
Euro
5
and
Euro
6
medium
duty
base
engine
requirements
of
the
Volvo
Group
Volvo Group and Eicher Motors complete 5 years of partnership in India
July 31, 2013: Commemorating successful completion of five years of partnership between Volvo Group and Eicher Motors, VE Commercial Vehicles Limited announced start of commercial production at the technologically most advanced engine manufacturing plant in India today. The plant has been set up at Pithampur, Madhya Pradesh, India with an initial capacity of 25,000 units per annum in Phase 1 at an investment of Rs 375 crores. The capacity will increase step by step to 100,000 units per annum as per the market requirements with an additional investment of around Rs 125 crores. The plant was inaugurated by The Chief Minister of Madhya Pradesh Hon'ble Shri Shivraj Singh Chouhan along with Industry minister Hon'ble Shri Kailash Vijayavargiya.
In
his
address
Mr.
Siddhartha
Lal,
MD
and
CEO,
Eicher
Motors
said,
"This
is
a
moment
of
great
pride
for
all
of
us.
It
puts
us
in
an
extremely
advantageous
position
vis-a
vis
competition
on
engine
technology.
VECV
will
be
manufacturing
Euro
VI
compliant
base
engines
for
meeting
automotive
requirements
of
medium
duty
engines
of
Volvo
Group
globally".
The
journey
in
the
first
five
years
of
our
partnership
with
Volvo
Group
has
been
extremely
exciting
and
we
have
been
able
to
realize
various
synergies
together
and
this
project
has
been
one
such
perfect
example
of
a
successful
partnership
with
Volvo
Group,
added
Mr.
Lal.
The engine facility will be a global hub for meeting the medium-duty automotive engine requirements of Volvo Group globally for five- and eight-litre engines. The Euro 6-compliant diesel base engines will be supplied to Volvo Group plant in Venissieux, France where these engines will be assembled for the Volvo Group Euro 6 requirements. The same platform will be adapted to Euro 3 and 4 engine (BS3/BS4) technologies to meet the VECV requirements and other Volvo Group requirements for this type of engines in Asia.
Mr. Bertil Thoren, representing Volvo Group on VECV Board of Directors and who was present on the occasion said "The global manufacturing hub at VECV is truly a win-win situation for both Volvo group and VECV. While on one hand it will help Volvo Group reduce costs by sourcing engines from this plant, on the other hand, it will help VECV to source best in class Euro III and Euro IV engines based on latest Euro VI Volvo Group technology.
The manufacturing plant is based on Volvo Group global manufacturing systems and processes and is one of the most modern plants. The setup has passed the most stringent global quality norms of Volvo Group and is now equipped to produce highest quality engines meeting Volvo Group global standards for Euro 6 engines. There is a high level of relevant automation with in process verification on all the critical work stations. Additionally this is the first plant which has most flexible final engine assembly line using automatic guided vehicles and smart cell technology.
Since the same engines are being adopted for Euro III and Euro IV for Indian Customers, it will benefit the Indian customers in terms of the most advanced technology engines with best in class performance.
Speaking on the occasion, Mr. Vinod Aggarwal, CEO, VE Commercial Vehicles said, "These engine platforms have a power range of 180 to 350 HP which will provide highest power to weight ratio in the Indian commercial vehicle space".
"The engines based on Volvo Group technology are extremely durable and reliable and will create tremendous competitive edge for VECV. Above all, this will be another large step towards our vision of becoming a leading CV player in India and other emerging markets by driving modernisation in commercial transportation", added Mr. Aggarwal.
About
VE
Commercial
Vehicles
Ltd
(VECV):
VE
Commercial
Vehicles
Limited
(VECV)
is
a
50-50
joint
venture
between
the
Volvo
Group
and
Eicher
Motors
Limited.
In
operation
since
July
2008,
the
company
includes
the
complete
range
of
Eicher
branded
trucks
and
buses,
VE
Powertrain,
Eicher's
components
and
engineering
design
services
businesses
as
well
as
the
sales
and
distribution
business
of
Volvo
trucks
within
India.
The
vision
of
VECV
is
to
be
recognised
as
the
industry
leader
driving
modernisation
in
commercial
transportation
in
India
and
the
developing
world.
www.vecv.in