VECV surpasses 1 lakh annual commercial vehicle sales milestone in FY26, records highest-ever production and deliveries
VE Commercial Vehicles Ltd. (VECV), a joint venture between Volvo Group and Eicher Motors, today announced that it has sold over 100,000 vehicles in FY 2025–26—its highest-ever annual sales. This achievement reflects the realization of a key vision set at the inception of the Volvo–Eicher joint venture and reinforces its strong growth momentum in the Indian commercial vehicle industry.
VECV’s strong performance was driven by strong demand across segments, with Light & Medium Duty (LMD) trucks contributing 47,789 units (46.1%), Heavy Duty (HD) trucks accounting for 26,867 units (25.9%), and the bus segment contributing 19,363 units (18.7%).
This milestone has been achieved on the back of VECV’s wide product portfolio, delivering solutions across diverse applications, combined with a sharp focus on best-in-class fuel efficiency, superior uptime and customer centricity. This achievement also reflects the strength of the partnership of Volvo Group and Eicher Motors. Since the JV’s inception in 2008, it has played a transformative role in redefining benchmarks across the commercial vehicle ecosystem by combining Volvo Group’s global leadership in advanced technology with Eicher Motors’ deep understanding of Indian market dynamics. Building on these strengths, VECV continues to drive the modernization of commercial transportation with its future-ready, sustainable solutions that enhance efficiency, productivity, and fleet performance.
Commenting on the occasion, B. Srinivas MD & CEO, VECV, said, “Crossing the milestone of 1,00,000 vehicles in a year is a significant achievement for VECV and reflects the trust our customers have placed in our products and solutions. This milestone also fulfils a key part of the original vision set at the inception of the Volvo–Eicher joint venture, underscoring the strength and long-term strategic direction of our partnership. As we move forward, we remain committed to driving the next phase of growth through innovation, sustainability, and deeper customer engagement.”
Aligned with India’s vision of Atmanirbhar Bharat, VECV continues to play a meaningful role in nation-building by strengthening domestic manufacturing capabilities and supporting the modernization of logistics and public transportation. The company’s strong ‘Make in India’ approach, coupled with its growing export footprint, enables it to serve both domestic and global markets.
VECV’s journey has also been supported by progressive government initiatives such as infrastructure development under Bharatmala and the policy push towards clean mobility through initiatives like PM e-Drive. With a long-standing focus on advanced emission technologies and sustainable solutions, the company remains aligned with India’s transition towards a low-carbon future.
VECV has been at the forefront of industry-first initiatives, including being among the earliest to introduce BSVI-compliant technologies and pioneering a 100% connected vehicle portfolio in India through Eicher Live—one of the most comprehensive telematics platforms driving productivity and profitability. These efforts are complemented by VECV’s world-class manufacturing capabilities and extensive network footprint.
The company operates 8 plants in the country, including India’s first Industry 4.0-enabled plant in Bhopal, its integrated manufacturing hub at Pithampur, and a world-class engine manufacturing facility (VEPT) catering to global Volvo Group requirements.
It is further strengthening its manufacturing capabilities with the upcoming Automated Manual Transmission (AMT) plant in Ujjain, reinforcing its focus on advanced technology, improved drivability, and enhanced fuel efficiency. Supported by a strong pan-India dealership and service network of over 1250 touchpoints, along with a rapidly expanding digital and connected ecosystem, VECV continues to deliver superior customer experience and lifecycle support.
Tata Motors announces price increase for commercial vehicles from April 2026
Tata Motors today announced a price increase of up to 1.5% across its commercial vehicle range, effective 1 April 2026. The price increase is being undertaken to partially offset the impact of rising commodity prices and other input costs. The increase will vary depending on the model and variant.
ACE – Action Construction Equipment Limited and Kato Works Co., Ltd. Join Hands to Manufacture High Capacity & High-End Cranes in India
ACE – Action Construction Equipment Ltd., the world’s largest Pick-and-Carry crane manufacturer and India’s leading material handling and construction equipment company, has entered into a strategic joint venture with Kato Works Co., Ltd., Japan, a globally recognised material handling & construction equipment company with decades of experience in design, development and manufacturing of Mobile Cranes, Excavators and related Construction Machinery.
The joint venture ‘ACE KATO Pvt. Ltd.’ will bring together the global technology, design and engineering expertise of Kato Works Co., Ltd. with Action Construction Equipment Limited’s strong manufacturing base, extensive market reach and operational capabilities in India.
The collaboration aims to enhance product competitiveness by improving performance and cost efficiency, while enabling both companies to address emerging growth opportunities across domestic and international markets.
The initiative aligns with India’s broader manufacturing ambitions under Make in India, while contributing to the development of a globally competitive construction equipment industry that supports the country’s long-term infrastructure and economic growth.
The joint venture will involve a total investment of approx. Rs.200 crore, with an equal 50:50 partnership. The manufacturing facility will be established in Haryana, with operations expected to commence in 2026.
Under this partnership, the joint venture will focus on the manufacturing of high capacity & heavy cranes, including Truck cranes, Crawler cranes and Rough Terrain cranes, serving the Indian market as well as international markets.
Commenting on the development, Sorab Agarwal, Executive Director, Action Construction Equipment Limited, said: “India is witnessing an unprecedented phase of infrastructure and industrial growth, which is significantly increasing the demand for advanced construction equipment. Our partnership with Kato Works marks an important milestone in bringing globally benchmarked crane technology to India while strengthening domestic manufacturing capabilities.”
“ACE has consistently focused on developing world-class equipment in India. Today, our products are exported to more than 42+ countries. Through this collaboration, we aim to further expand our presence in the high-capacity crane segment while positioning India as a strategic manufacturing hub for advanced lifting equipment.”
The collaboration will leverage Kato Works’ proprietary technologies and decades of engineering expertise to enhance product performance, efficiency and reliability.
Beyond meeting domestic demand, the joint venture aims to explore export opportunities across Asia, the Middle East, Africa and other international markets.
Eicher expands Pro X Small Truck Retail network with new dealership in Faridabad
Eicher Trucks & Buses, a business unit of VE Commercial Vehicles Ltd. (VECV), inaugurated its exclusive dealership for the newly launched Eicher Pro X Small Truck range in Faridabad. The state-of-the-art Shree Motors Private Limited 3S dealership facility, located at Mathura Road, Sector-15A, Faridabad, Haryana, is designed to deliver best-in-class customer experience and elevate every aspect of the vehicle buying and servicing journey.
Spanning around 12,000 sq. ft., the facility features a well-designed display area, customer lounge, service infrastructure, and supporting utility spaces, ensuring a seamless and convenient interaction for customers. Equipped with interactive digital displays, the dealership enables fleet owners and transporters to explore the Eicher Pro X range in detail, helping them make informed purchase decisions while experiencing Eicher’s focus on innovation, efficiency, and reliability. Commenting on the inauguration, Ramesh Rajagopalan, EVP, Customer Service, Retail Excellence and Network Development, VECV, stated, “Faridabad holds strategic importance as a prominent industrial and logistics hub in North India, supporting diverse sectors such as e-commerce, parcel and courier services, FMCG distribution, and industrial goods movement. With the addition of Shree Motors Private Limited’s exclusive Eicher Pro X dealership, we are strengthening our footprint in the region while enhancing our capability to serve businesses that depend on efficient last-mile transportation. We are delighted to onboard the Shree Motors team into the Eicher Pro X network and remain committed to delivering intelligent, connected, and customer-focused mobility solutions to our customers across Faridabad and nearby markets.”
Strategically located on NH-19, the Delhi–Mathura–Agra corridor, the new Eicher Pro X dealership offers excellent accessibility for customers and fleet operators across the region. Its proximity to key commercial and industrial clusters such as DLF Industrial Area, Karkhana Bagh Industrial Area, Sector 24–25 industrial zones, NIT Sabzi Mandi, and Anaj Mandi positions the dealership at the centre of Faridabad’s thriving logistics and trade ecosystem. The facility is well-placed to cater to businesses operating in e-commerce, parcel courier, FMCG distribution, and industrial goods transportation. The newly launched 3S facility integrates sales, servicing, and spare parts under one roof, supported by Eicher’s service infrastructure designed to maximize uptime and operational efficiency. Fleet owners and transporters in the region will benefit from quick access to Eicher’s new-age, fuel-efficient and fully connected vehicles, reinforcing Eicher’s commitment to enabling efficient and reliable last-mile logistics.
Born-digital and customer-centric, the dealership features an interactive customization zone that allows customers to configure vehicles based on cargo body requirements, load deck options, fuel choices, and colour preferences bringing a new level of flexibility and personalization to the commercial vehicle buying experience. Trained technicians, advanced service support tools, and customer engagement platforms ensure prompt service delivery and a seamless ownership experience.
