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Eicher Motors Limited (EML) and Volvo Group (Volvo) had joint venture together with a ratio of 50:50 and became VE Commercial Vehicles Limited. VE Commercial Vehicles Ltd. (VECV) owes its inception to the compelling intent of driving modernization in commercial transportation, in India and other developing markets.
Their Vision:
"To be recognized as the industry leader driving modernization in commercial transportation in India and the developing world"
Mission:
VECV aims to continuously improve transportation efficiency in India and developing markets, thereby reducing logistics costs for goods and people - leading to higher enablement of specialization in manufacturing, agriculture and services, thereby increasing the nation's economic activity and productivity.
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