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VE Commercial Plans to Spend 5 Billion Rupees on Truck Capacity

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Nov. 16 (Bloomberg) -- VE Commercial Vehicles, a venture between Volvo Group and Eicher Motors Ltd., plans to spend 5 billion rupees to double truck manufacturing capacity to 8,000 vehicles per month in the next three years, Siddhartha Lal, chief executive of Eicher, said in New Delhi today.

Link to Company News:{EIM IN <Equity> CN <GO>} Link to Company News:{VOLVB SS <Equity> CN <GO>}

To contact the reporter on this story: Subramaniam Sharma in New Delhi at ssharma@bloomberg.net

To contact the editor responsible for this story: Pradeep Kurup at pkurup3@bloomberg.net

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