New Launch8 Oct 2025, 10:51 pm
VE Commercial Vehicles to Manufacture Volvo Group’s Industry-Leading Automated Manual Transmissions for India and Select Asia-Oceania Markets
AI Summary
VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has announced plans to invest 544 crores (about 576 million Swedish Krona) in a greenfield factory at Vikram Udyogpuri Integrated Industrial Township, near the historic city of Ujjain, Madhya Pradesh. The factory will produce and finalize the assembly of Volvo Group’s globally state-of-the-art 12-speed Automated Manual Transmission (AMT) for Volvo Group’s needs in India and select markets in Asia-Oceania region. The AMT is globally proven to reduce driver fatigue and improve fuel economy, productivity and Uptime in demanding operations.
Key Highlights
- VECV to produce Volvo Group’s pioneering 12-speed Automated Manual Transmission (AMT) in India under a technology license arrangement.
- The 12-speed AMT is globally proven to reduce driver fatigue and improve fuel economy, productivity and Uptime in demanding operations.
- Approximately 90% of the 12-speed AMT produced by VECV will be exported/ sold to Volvo.
- The 12-speed AMT will also be used in Eicher Heavy Duty truck manufactured by VECV.
- VECV will make an investment of 2 544 crores (about 576 million Swedish Krona) for the production and final assembly of the 12-speed AMT.