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VECV to invest ₹544 crore in Madhya Pradesh to build a greenfield factory for 12-speed transmissions, boosting India’s high-tech auto exports.
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.
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.
The project strengthens the 18-year partnership and reflects India’s growing role in high-tech automotive exports.
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VECV invertirá ₹544 crores en Madhya Pradesh para construir una fábrica de campo verde para transmisiones de 12 velocidades, impulsando las exportaciones de automóviles de alta tecnología de la India.