VE Commercial Vehicles Limited, a joint venture between the Volvo Group and Eicher Motors Limited, has commenced the commercial operations at its new truck manufacturing unit at Bagroda, Bhopal with Industry 4.0 standards.

 

With VECV’s vision to modernize commercial transportation, this plant has been set up based on world class manufacturing technology with connected machines following IoT methodology and Industry 4.0 standards. In the first phase, the plant will have the capacity for manufacturing 40,000 trucks.

 

The Chief Minister of Madhya Pradesh Shivraj Singh Chouhan inaugurated the new manufacturing facility and flagged off the new trucks rolled out from this plant. With the setting up of this plant at Bagroda Industrial Area, Bhopal, VECV became the pioneer company in development of a new Industrial Estate at Bagroda. With this plant, a number of ancillary units are expected to come to Bagroda and this holds a very bright future for the development of this area as well as for creation of employment opportunities for the local people.

 

Earlier in 1986, the company’s truck plant became the pioneer plant in establishing Pithampur Industrial Area, which was not an industrial district at that time. VECV is one of the largest investors in the state with investment of more than Rs. 5,000 crores in its eight plants. Apart from this, it has attracted more than 100 ancillary and other suppliers for supplying the parts required in manufacture of trucks. As a result, VECV has generated direct and indirect employment for over 30,000 people including suppliers and associates.

 

Commenting on the occasion, Shivraj Singh Chouhan said, “I am very delighted to see the dream that we had seen two years ago, to get fulfilled in front of my eyes. It is an honour to be inaugurating VECV’s Bhopal plant along with the Industry Minister. Furthering the PM’s vision for an Atmanirbhar Bharat, we prepared a roadmap to achieve the same in Madhya Pradesh and framed it within a timeline, upon which we are moving with a quick pace."

 

Speaking on the inauguration, Vinod Aggarwal, MD & CEO, VECV said, “It’s a very proud moment for us today when we commence commercial operations at our new plant. This is a testament to our commitment to Madhya Pradesh with eight plants in the state now. We are extremely happy of the industry friendly policies, as well as the very peaceful industrial atmosphere of the state”

 

“Apart from meeting the domestic demand, 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,” added Aggarwal.