VE Commercial Vehicles to invest in production of a new medium-duty engine in India

The Volvo Group’s Indian joint venture company, VE Commercial Vehicles, VECV, is to invest a total of SEK 480 M (INR 2,8 bn) in the production of the Volvo Group’s new global medium-duty engine in India.The investment gives the Volvo Group a complete facility in India for processing and assembling the new medium-duty engine, which will be introduced in the Group’s trucks and buses worldwide in the next few years.“Thanks to the joint venture company with Eicher Motors, we have access to a well-established production and supplier base in India,” says Volvo CEO Leif Johansson. “The Group