Eicher Motors Subsidiary To Set Up Manufacturing Facility In Madhya Pradesh
VE Commercial Vehicles Limited (VECV), an unlisted subsidiary of Eicher Motors Limited has decided to set up a new manufacturing facility at Bhopal in Madhya Pradesh. Detailed information is annexed below:
| a) Existing capacity | 90,000 vehicles |
| b) Existing capacity utilization | 100% in last quarter |
| c) Proposed capacity addition | 40,000 vehicles |
| d) Period within which the proposed capacity is to be added | 18‐24 months |
| e) Investment required | Rs. 400 Crores (including Pre‐operative expenses) |
| f) Mode of financing | Internal Accrual |
| g) Rationale | To meet the growing demand the existing capacity of 90,000 vehicles at Pithampur, near Indore, is to be enhanced by setting up a new greenfield plant at Bhopal. |
