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VE Commercial Vehicles Limited is a joint venture between the Volvo Group (Volvo) and Eicher Motors Limited (EML). It is a partnership that brings together Global leadership in technology, quality, safety and environmental care, along with the deep knowledge and understanding of the Indian Commercial Vehicle (CV) market. VE Commercial Vehicles Limited. (VECV) owes its inception to the compelling intent of driving modernization in commercial transportation, in India and other developing markets.
In 2005 Eicher Motors Ltd sold their tractors and engines business to TAFE Tractors (Tractors And Farm Equipment Ltd) of Chennai, the Indian licensee of Massey Ferguson tractors.
In October 1982 a collaboration agreement with Mitsubishi for the manufacture of Light Commercial Vehicles was signed in Tokyo and in the same period the incorporation of Eicher Motors Limited also took place. In February 1990, Eicher Goodearth bought 26% stake in Enfield India Ltd and by 1993 Eicher acquired a majority stake (60% equity shareholding) in Royal Enfield India.
In July 2008, EML and Volvo Group's 50:50 joint venture VE Commercial Vehicles (VECV) designs, manufactures and markets commercial vehicles, engineering components and provides engineering design.
ETB, completed 30 years of operations in India in the month of June 2016. The first Eicher truck was rolled out from its manufacturing plant in Pithampur, Madhya Pradesh in 1986 and over the past 29 years, the products have got endorsement from happy customers of over 400,000 vehicles.
Eicher unveiled its entire new range of future generation trucks and buses at an impressive product reveal function in Pithampur on December 2, 2013. The all new product range has been named the "Eicher Pro'' series. Adopting the most professional and holistic approach to modernise the Indian trucking industry, the new brand philosophy is to "Go Pro"; that is to give Indian trucking a truly professional offering which will lead to higher productivity, profitability and prosperity for the customer.
INTRODUCTION
COMPANY PROFILE
The VE Commercial Vehicles Limited (A Volvo Group and Eicher Motors joint venture) a renowned commercial vehicle manufacturer. The organization drives its strength from its Vision, Passion, Excellence, Innovation, Determination and Inspiration. Eicher is committed to address issues of automotive, transportation and logistics sector related to skill gap and competency.
VE Commercial Vehicles Limited (VECV) is a 50-50 joint venture between the Volvo Group and Eicher Motors Limited. In operation since July 2008, the company includes the complete range of Eicher trucks and buses, Eicher’s components and engineering design services businesses as well as the sales and distribution business of Volvo trucks within India. VECV aims to become a full-range commercial vehicle company whose products will drive modernization in commercial transportation in India and other emerging world markets.
ETB, completed 30 years of operations in India in the month of June 2016. The first Eicher truck was rolled out from its manufacturing plant in Pithampur, Madhya Pradesh in 1986 and over the past 29 years, the products have got endorsement from happy customers of over 400,000 vehicles.
Eicher strengths-
• Leadership in LD/ MD segments
• Specialist skills and experience in developing low cost, better performance products
• Wide dealer network
• After sales infrastructure for LD / MD
• Cost effective operations
Volvo strengths-
• Global expertise
• Leadership in product technology
• Good infrastructure in facilities
• Well-defined processes and controls
• Brand image and customer relationships.
VISION & MISSION
VISION-
To be recognised 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 specialisation in manufacturing, agriculture and services, thereby increasing the nation's economic activity and productivity.
• We choose to do this in a sustainable manner by having the safest, most durable and efficient products in the market;
• We care for our customers holistically by offering not just trucks and buses, but also the best service and soft products to enable him to be most profitable;
• We work with the driver community to enhance their productivity and overall working environment;
• We ensure a level of quality and innovation that will continue to set standards in the commercial transportation industry.
We work with professionalism, passion and the greatest respect for all individuals.
GOING FORWARD-
VECV aims to emerge as an industrial leader in driving modernization in commercial vehicle transportation in India and the developing world by bring about improvement in transport efficiencies.
In the near course, VECV will strengthen each of its product brands as leaders in their respective segments through innovative products and expansion of its existing network spanning the geographical expanse of the country.
MILESTONES
• 1948: Goodearth Company set up to sell and service imported tractors.
• 1952–57: Goodearth Company imported and sold about 1500 tractors in India.
• 1958: Eicher Tractor Corporation of India Ltd. Incorporated.
• 1959:First indigenous Eicher tractor built. Eicher came out with India’s first indigenously built tractor from its Faridabad factory.
• 1987: Eicher Tractors went public
• 1990: Eicher Goodearth buys 26% equity stake in Enfield India Ltd.
• 1991: ECS launched; Eicher takes over Ramon & Demm.
• 1992: Eicher Tractors Ltd. selected as ‘Company of the Year’ for 1990–91 in the four–wheeler category comprising commercial vehicles, passenger cars, jeeps and tractors.
• 1993: Eicher adopts new identifier.Eicher acquires majority stake in Enfield India (60% equity shareholding)
• 1994: Eicher Motors Ltd. ends the technical assistance agreement with Mitsubishi after a successful transfer of technology and achieving total indigenisation. Enfield India Ltd. changed its name to Royal Enfield Motors Ltd.
• 2005: Eicher Motors Ltd. has disinvested the businesses of tractors and engines to TAFE Motors & Tractors Ltd. (TMTL).
• 2008: Volvo Group and Eicher Motors Ltd. established VE Commercial Vehicles Limited (VECV).
• 2010: The company launched the VE–series of Heavy Duty trucks
• 2010 : Eicher Motors launched the VE–series of Heavy Duty trucks
• 2011: Reliability Lab Inauguration
• 2012: JanuaryBhoomi pujan of Dewas plant 2
• 2012: FebruaryInauguration of engine plant building
• 2012: NovemberInauguration of a new paint shop
• 2013: Inauguration of Dewas Plant 2
• 2013: Start of production of Euro 6 engine manufacturing plant
• 2013: Eicher unveils the future of Indian trucking with the all new Pro series
• 2013: VEPT Pithampur inauguration
• 2013: Start of cabin production in body shop
• 2013: Start of production at Bus body plant at Baggad (MP)
• 2013: EEC gear plant, Dewas Unit II inauguration
• 2014: Inauguration of Eicher retail excellence center (VECV academy)
• 2014: Volvo Trucks launch of new range of products comprising FH, FM and FMX
• 2015: Inauguration of ‘Customer Experience Center’ and ‘Vehicle display zone
RESPECT-
"In an enabling environment that recognizes, embraces and celebrates differences, at VECV respect to all our stakeholders is a central belief that makes us deliver on our promises and hold ourselves accountable to all commitments."
FAIR AND ETHICAL-
“To build and sustain our reputation for the long term at VECV". We strive to conduct our business with integrity, treat everyone fairly and be reasonable and ethical in all our dealings.”
EXCELLENCE-
"Reflecting our power and heritage of delivering supreme quality and achieving ambitious goals at VECV". We constantly challenge ourselves to innovate for the future and strive uncompromisingly to develop new standards for meeting and exceeding customer expectations.”
CUSTOMER CENTRIC-
"The customers point of view is central to our organizational process, and with a proactive focus on his/her changing needs, coupled with consistently excellent service, at VECV we aim to create a mutually beneficial long term relationship with our customers."
PASSION-
"At VECV we revel in our work and strongly believe in making a difference to our customers by walking the extra mile. This passion inspires us to demonstrate constant enthusiasm and unlimited drive to deliver beyond our stakeholders expectations."
PRODUCTS OVERVIEW
TOURIST BUSES-
The Built-Up bus from eicher -Skyline LIMO-AC Bus for the Tourist Segment. Eicher Skyline has established new benchmarks in the Bus Industry. Aesthetic superiority, high passenger comfort & Economical performance have made this bus class apart. With a new offering in the 7.5 ton category with Direct drive AC and Push Back seats, Eicher Skyline LIMO is all set to redefine the travel for the the Tourist Segment.
SCHOOL BUSES
Eicher introduced "The First Safe School Bus" in India, developed in association with IRTE (Institute of Road Traffic Education) in the year 1996, thereby pioneering the concept of School Bus. The school bus specific features have now become a norm in the industry. Apart from being safest the school buses are now available in enhanced features, superior aesthetics & increased passenger comfort.
STAFF BUSES
Eicher buses has made staff commutation as comfortable as it can be. Aesthetic superiority, high passenger comfort & Economical performance has made this bus class apart. The faith of customers & industry is reflected with various industry rewards.