- VE Commercial Vehicles
- VECV
- Volvo Group
- Eicher Motors
- Sofia Frandberg
- Siddhartha Lal
- Jens Holtinger
- Vinod Aggarwal
VECV To Invest INR 5.44 Billion For Manufacturing Volvo’s 12-Speed AMT In India
- By MT Bureau
- October 09, 2025
VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, is set to invest INR 5.44 billion towards production and final assembly of the Volvo Group’s globally proven 12-speed Automated Manual Transmission (AMT).
The company is establishing a new greenfield factory at Vikram Udyogpuri Integrated Industrial Township, near Ujjain, Madhya Pradesh. The new facility will have an initial capacity to produce 40,000 units per annum, with production and local content to be gradually ramped up. The transmissions will benefit Eicher Heavy Duty truck customers in India and Volvo Group in India, along with plans to export to select markets in Asia-Oceania region.
The development builds upon the 18-year-old alliance between the two companies, with VECV already manufacturing Volvo Group’s 5-litre and 8-litre (MDEP) engines in India since 2013.
The new AMT facility will have an initial capacity to produce up to 40,000 units p.a., with production and local content to be gradually ramped up in line with Volvo Group’s global processes and quality standards.
Sofia Frandberg, Chairperson, VE Commercial Vehicles and Senior Leader, Volvo Group, said, “This investment by VECV represents yet another win-win synergy with the Volvo Group and leverages the technical and industrial capabilities that have been built-up over the past 18 years. During this time, VECV has repeatedly demonstrated its leadership in the commercial vehicle market through timely introduction of future-ready solutions that address customer needs in the rapidly transforming industry.”
Siddhartha Lal, Chairman, Eicher Motors, said, “Since its inception in 2008, our VECV JV has progressively delivered joint programs of growing importance and technological complexity. The new investment to assemble and produce the Volvo Group AMT is built on the bedrock of this trust and technical capability. It marks another significant step towards our vision of becoming a leading CV player in India and other emerging markets by driving modernisation in commercial transportation.”
Jens Holtinger, Executive Vice-President Group Trucks Technology and Chief Technology Officer, Volvo Group, said, “This new manufacturing hub at VECV is an excellent example of how the Volvo Group has leveraged partnerships to make our manufacturing supply chain more efficient. It is also a testament to the amount of trust we put in the competence of VECV. Over the past 18 years, VECV has become a core part of Volvo Group supply chain for critical components and aggregates, and we now write a new chapter in our successful relationship.”
Vinod Aggarwal, MD & CEO, VE Commercial Vehicles, said, “As the Indian commercial vehicle industry moves towards higher capacity vehicles, Eicher truck customers and drivers will have access to Volvo Group’s globally leading AMT, which is proven to reduce driver fatigue and improve fuel economy, productivity and Uptime in demanding operations. The new AMT factory will be built to Volvo Group’s global standards and is very much aligned with the Government of India’s vision for Make in India. We thank the Government of Madhya Pradesh for their unstinting support.”
Image for representational purpose only.
Maruti Suzuki India Plots INR 49.6 Billion Investment For New Manufacturing Plant In Gujarat
- By MT Bureau
- January 13, 2026
Maruti Suzuki India, a subsidiary of Suzuki Motor Corporation and the country’s largest passenger vehicle manufacturer, has announced that it is set to acquire land from the Government of Gujarat for the construction of a new production facility.
The decision follows a basic agreement reached with the state government in January 2024 to establish a second manufacturing base in the region.
The site in Sanand covers approximately 1,750 acres valued at INR 49.6 billion. Once operational, the facility is expected to have an annual production capacity of 1 million units.
The company cited Gujarat’s supply chain, infrastructure and proximity to ports as factors for the selection. The location provides access to highway and railway networks, supporting its function as both a domestic production base and an export hub for vehicles.
Current and Planned Production Capacity
|
Plant Location |
Start of Operations |
Site Area (m²) |
Annual Capacity (Units) |
|
Gurgaon (Haryana) |
1983 |
1.2 million |
700,000 |
|
Manesar (Haryana) |
2006 |
2.4 million |
900,000 |
|
Hansalpur (Gujarat) |
2017 |
2.6 million |
750,000 |
|
Kharkhoda (Haryana) |
2025 |
3.24 million |
250,000 |
|
Sanand (Gujarat) |
TBD |
7 million |
1,000,000 |
- Ashok Leyland
- Hinduja Group
- Yogi Adityanath
- Rajnath Singh
- H D Kumaraswamy
- Dheeraj Hinduja
- Shenu Agarwal
Ashok Leyland Inaugurates Greenfield Manufacturing Facility In Lucknow
- By MT Bureau
- January 09, 2026
Ashok Leyland, one of the leading commercial vehicle manufacturers in the country, has opened a new integrated manufacturing facility in Lucknow, Uttar Pradesh.
The greenfield facility, located near Lucknow Airport in Sarojini Nagar, was inaugurated by Yogi Adityanath, Chief Minister of Uttar Pradesh, alongside Union Ministers Rajnath Singh and H D Kumaraswamy.
The 70-acre site is designed to produce 5,000 vehicles annually, with a primary focus on electric buses and other green mobility solutions. The facility employs a workforce predominantly from Uttar Pradesh, including a high percentage of women. To support its sustainability goals, the plant features rooftop solar panels, energy-efficient lighting and zero-discharge water systems.
Dheeraj Hinduja, Chairman, Ashok Leyland, said, "The inauguration of this new plant marks the beginning of an important new chapter for Ashok Leyland in the vibrant state of Uttar Pradesh. Our Group remains deeply committed to unlocking further opportunities that drive economic growth, create meaningful employment, and foster long-term prosperity in the region. This manufacturing plant reaffirms our resolve to help shape the future of India’s commercial vehicle industry, and we are confident that it will make a strong contribution towards employment generation while advancing sustainable mobility. With this new plant, we are preparing ourselves for the future and take one step further to achieve our Net Zero emission goals."
Shenu Agarwal, MD & CEO, Ashok Leyland, said, "As one of India’s largest and most progressive states, Uttar Pradesh has demonstrated a strong and consistent commitment to environmental responsibility and sustainable development, making it a natural partner in our green mobility journey. This coupled with Ashok Leyland’s ambition to achieve Net Zero by 2048 has been a key catalyst for establishing this state-of-the-art facility in Uttar Pradesh. Equipped with most modern technology and high levels of automation, the plant reflects our focus on world-class quality and innovation. With a strong emphasis on electric buses, this facility marks a significant step towards building a cleaner, future-ready mobility ecosystem for India.”
The plant's logistics are managed using battery-operated vehicles to maintain its status as a green facility. This expansion aligns with Ashok Leyland's target to reach Net Zero emissions by 2048 and supports the state of Uttar Pradesh's transition toward electric transportation.
Bharat Forge And Agile Robots Ink MoU For AI Industrial Automation
- By MT Bureau
- January 09, 2026
Bharat Forge and Germany-based Agile Robots have agreed to explore a collaboration to develop AI-driven robotics and industrial automation. The partnership combines Bharat Forge's domain expertise with Agile Robots' automation solutions to deploy technology for the automotive, healthcare, and consumer electronics industries.
The agreement focuses on civilian industry and manufacturing. Under the Memorandum of Understanding (MoU), the companies will co-develop and offer solutions in manufacturing, industrial CPG and logistics for markets in India and Southeast Asia. The partnership also aims to develop vision and AI-based robotic systems to enable autonomous ‘dark’ factories.
Amit Kalyani, Vice-Chairman and Joint Managing Director, Bharat Forge, said, “This strategic collaboration with Agile Robots is a reinforcement of Bharat Forge’s ambition to provide state-of-the-art intelligent robotic and automation solutions across multiple industries while driving manufacturing efficiencies at home. Manufacturing in India is on a steep growth path, and I am very excited that with Agile Robots we are going to deploy bespoke, modular and intelligent automation solutions across the sectors.”
Rory Sexton, Executive Director, Agile Robots, said, “By partnering with Bharat Forge, Agile Robots is strengthening its position in India's rapidly growing manufacturing sector. Combining Agile Robots’ proven leadership in AI driven robotic automation with Bharat Forge’s sectoral expertise will allow us to improve the efficiency and precision of entire production systems.”
The collaboration intends to set up capabilities for bespoke solutions while utilizing existing Agile Robots technology. By integrating AI into production systems, the companies aim to improve precision and efficiency across manufacturing sectors in the region.
Hindustan Zinc, Silox India Strengthen Partnership For Low-Carbon Manufacturing
- By MT Bureau
- January 07, 2026
Hindustan Zinc and Silox India have expanded their long-term collaboration to focus on industrial decarbonisation and the development of sustainable supply chains. As part of the agreement, Silox India has adopted EcoZen, a low-carbon zinc brand produced by Hindustan Zinc, for use across its manufacturing operations. This integration is intended to reduce the carbon footprint of zinc-based chemical products while maintaining existing quality standards.
EcoZen is manufactured using renewable energy and has a verified carbon footprint of less than one tonne of CO2 per tonne of zinc. According to the company, this is approximately 75 percent lower than the global industry average. The material offers full traceability, allowing downstream users to account for the environmental impact of their inputs. When used in galvanising, EcoZen can prevent approximately 400 kilograms of CO2 emissions per tonne of steel compared to conventional zinc.
Hindustan Zinc, a Vedanta Group company, supplies materials to various sectors including infrastructure, automotive and renewables. The company is a member of the International Council on Mining and Metals (ICMM) and has prioritised the reduction of Scope 3 emissions for its clients. Silox India, which specialises in inorganic chemistry and non-ferrous metal derivatives, will use EcoZen to support its environmental, social, and governance (ESG) targets.
Arun Misra, Chief Executive Officer & Whole-time Director, Hindustan Zinc, said, “Decarbonisation at Hindustan Zinc is not limited to our own operations; it extends to how our products are used across industries. EcoZen represents a step change in how zinc can support cleaner manufacturing. By partnering with customers like Silox India, we are enabling the wider adoption of low-carbon solutions at scale.”
Prakash Raman, Managing Director, Silox India, said, “Integrating EcoZen into our manufacturing processes allows us to lower embedded emissions across our product portfolio while continuing to deliver high-performance solutions to our customers. This partnership demonstrates how upstream innovation can accelerate sustainability outcomes downstream.”
The partnership aligns with the increasing demand for low-carbon materials in the automotive and infrastructure sectors. EcoZen is supported by life-cycle assessments and globally recognised ISO and REACH certifications to ensure transparency and compliance with environmental regulations.

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