VE Commercial Vehicles Ltd. (VECV), a joint venture between Volvo Group and Eicher Motors, has crossed the milestone of 100,000 vehicle sales in FY 2025-26, marking its highest-ever annual performance. The achievement reflects the realization of a key vision set at the inception of the Volvo-Eicher partnership in 2008 and underscores the company’s continued growth momentum in India’s commercial vehicle industry.
VECV’s performance was driven by strong demand across segments. Light and Medium Duty (LMD) trucks contributed 47,789 units (46.1%), while Heavy Duty (HD) trucks accounted for 26,867 units (25.9%). The bus segment added 19,363 units (18.7%), reflecting balanced growth across the portfolio. This milestone has been supported by VECV’s application-focused product range, combined with a consistent emphasis on fuel efficiency, uptime, and customer-centric solutions.
Since its formation, the joint venture has combined Volvo Group’s global technological expertise with Eicher Motors’ deep understanding of Indian market dynamics. This partnership has enabled VECV to establish a strong position in the commercial vehicle industry while continuously working towards modernising transportation through sustainable, future-ready solutions that enhance efficiency, productivity, and overall fleet performance.
Commenting on the milestone, B. Srinivas, Managing Director & 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 strengthen domestic manufacturing capabilities while supporting the modernization of logistics and public transportation. Its ‘Make in India’ approach, coupled with a growing export footprint, enables the company to cater to both domestic and global markets. Its growth trajectory has also been supported by infrastructure initiatives such as the Bharatmala Project and the policy push towards clean mobility through programs like PM e-Drive Scheme.
VECV has been among the early adopters of BS-VI emission technologies and has introduced a 100% connected vehicle portfolio through Eicher Live, aimed at improving productivity and fleet efficiency. The company operates eight manufacturing plants across India, including an Industry 4.0-enabled facility in Bhopal, its integrated manufacturing hub at Pithampur, and the VEPT engine plant catering to global Volvo Group requirements. It is further strengthening its manufacturing capabilities with an upcoming Automated Manual Transmission (AMT) plant in Ujjain. Supported by a pan-India dealership and service network of over 1,250 touchpoints, along with a growing digital and connected ecosystem, VECV continues to focus on delivering enhanced customer experience and lifecycle support.
