According to foreign media reports, Siddhartha Lal, general manager and CEO of Ech Motors India, said that the company's joint venture with the Volvo Group, VE Commercial Vehicles, is developing a range of products, including electric vehicles for public transportation.
VE Commercial Vehicles has set aside Rs. 5 billion in capital expenditures for new product development and capacity expansion this fiscal year, and is working hard to launch a range of affordable air-conditioned electric buses to meet public transportation needs. At the company 2017-18 In the annual report to shareholders, Lal said that the company is still developing light and heavy buses for the Middle East and Africa markets.
Lal said, 'We plan to provide a full range of electric mobility solutions for public transport and provide world-class quality and comfort. We are also developing an affordable air-conditioned bus designed to provide better comfort for public transport. Experience. Lal added that the company has operated its Skyline Pro electric bus in Kolkata and has joined the Zero Emissions Vehicle Manufacturers Alliance.
VE Commercial Vehicles achieved a record sales volume of 65,932 units in 2017-18, an increase of 12.5% compared to 2016-17. The company also focuses on construction, mining and e-commerce to drive future growth. Lal said that in terms of domestic business, the company continues to maintain an 88% market share in high-performance trucks (400+ horsepower), and in addition to quarrying, road construction and irrigation, it also focuses on mining to drive future economic growth. .
VE Commercial Vehicles is preparing to launch BS-VI series trucks and buses in the domestic market by April 1, 2020. In addition, the company has entered the ASEAN market and began to calculate sales in the first quarter of this fiscal year. In Kenya and Nigeria After the establishment of the complete disassembly and assembly business, the company established an assembly business in Bangladesh.