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flag VECV to invest ₹544 crore in Madhya Pradesh to build a greenfield factory for 12-speed transmissions, boosting India’s high-tech auto exports.

flag VECV, a joint venture between Volvo Group and Eicher Motors, will invest ₹544 crore in Ujjain, Madhya Pradesh, to build a greenfield factory producing 12-speed Automated Manual Transmission systems. flag The plant, aligned with global Volvo standards and India’s Make in India initiative, will initially produce up to 40,000 units annually, supporting advanced commercial vehicle manufacturing and local supply chains. flag The project strengthens the 18-year partnership and reflects India’s growing role in high-tech automotive exports.

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