Latest news with #VECommercialVehicles
Time of India
3 days ago
- Business
- Time of India
VECV targets 70% renewable energy use by FY27
VE Commercial Vehicles ( VECV ), the parent company of Eicher Trucks and Buses , marked World Environment Day by reaffirming its commitment to India's Net Zero targets. The company announced a series of measures aligned with sustainable manufacturing and cleaner mobility. VECV said its new range of zero-emission commercial vehicles under the Pro Planet Pro Business banner is already operational across India. These include alternate fuel solutions based on LNG, CNG and electric powertrains. The recently launched EV-first Eicher Pro X small truck is targeted at mid- and last-mile delivery applications. Electric buses from Eicher have been in operation since 2022 in multiple Indian states. Sustainability in manufacturing The company's Bhopal plant, which began operations in 2020, is built on Industry 4.0 principles and features AI-powered real-time energy monitoring. It also has an all-women final assembly line for the Eicher Pro X, which the company says is a first in the commercial vehicle industry. VECV aims to achieve 70% renewable energy usage in plant operations by FY27 and become water positive by 2030. As part of this initiative, a new water body with a capacity of 52 million litres has been created at the Bhopal facility, reportedly enough to sustain the plant's operations for four months. The company has also switched to 100% LED lighting across its sites, replacing around 5,000 conventional fixtures. As a result, energy intensity has reduced from 3.85 GJ/MINR in FY23 to 3.74 GJ/MINR in FY24. Vinod Aggarwal, MD and CEO, VECV, said, 'In line with India's Net Zero vision defined by Honourable Prime Minister Sh. Narendra Modi ji, VECV is committed to delivering future-ready mobility solutions—from electric, LNG and CNG trucks and buses to emerging technologies like hydrogen and fuel cells—as the market matures.' He added that the company's investments in smart manufacturing, renewable energy and responsible resource management reflect a broader commitment to sustainable growth. VECV says its ongoing initiatives support multiple United Nations Sustainable Development Goals (SDGs), particularly those related to clean water, affordable clean energy, responsible consumption and climate action.
Business Standard
6 days ago
- Automotive
- Business Standard
Eicher Motors records 26% YoY increase in May'25 motorcycle sales
Eicher Motors has reported 26% jump in total motorcycle sales to 89,429 units in May 2025 from 71,010 units in May 2024. Sales of models with engine capacity upto 350cc added up 76,492 units (up 28% YoY) and that of models with engine capacity exceeding 350cc aggregated to 12,937 units (up 16% YoY). Eicher Motors further informed that its unlisted subsidiary VE Commercial Vehicles (VECV) has recorded 7.3% rise in total commericial vehicle sales to 7,402 units in May 2025 from 6,901 units sold in May 2024. While domestic sales increased by 7.2% YoY to 6,758 units, exports rose by 20.7% YoY to 501 units in May 2025. Sales of Volvo trucks & buses declined by 20.9% to 144 units in May 2025 from 182 units in May 2024. Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden's AB Volvo - Volvo Eicher Commercial Vehicles which operates in India's commercial vehicle space. The scrip rose 0.29% to currently trade at Rs 5354.75 on the BSE.
Time of India
28-05-2025
- Automotive
- Time of India
VECV signs MoU with Statiq to expand EV charging access for commercial vehicles
New Delhi: VE Commercial Vehicles ( VECV ) has signed a Memorandum of Understanding (MoU) with EV charging solutions provider Statiq to provide access to over 8,000 charging points across India for its electric trucks and buses, including the newly launched Eicher Pro X range of small commercial vehicles. Under the agreement, Statiq will be one of VECV's preferred partners for the supply and installation of AC and DC chargers. The partnership aims to offer integrated solutions to Volvo and Eicher electric vehicle users by linking Statiq's aggregated charging platform with VECV's My Eicher app. The collaboration will enable real-time visibility of charging stations, navigation support, and tariff transparency for users. Statiq will also provide promotional offers and preferential tariffs for Eicher vehicle operators. 'Our partnership with Statiq marks a significant step forward in strengthening the EV ecosystem for commercial transportation in India. By offering an integrated solution to customers through the industry leading My Eicher App, we aim to deliver a hassle-free and reliable experience to our customers,' said Abhishek Chaudhary, SVP, Sales & Marketing, Small Commercial Vehicles, VECV. 'This collaboration will also empower Eicher Pro X electric customers with enhanced convenience, confidence, and operational efficiency, accelerating the shift towards sustainable transportation,' he added. Statiq will also jointly build a support ecosystem with VECV, which will include call center access, service ticket management, troubleshooting, repairs, and ongoing maintenance services. A dedicated Point of Contact (POC) system will also be implemented under shared responsibility. 'Our partnership with VE Commercial Vehicles is a milestone in our journey to create a strong and efficient EV charging ecosystem for commercial vehicles in India,' said Akshit Bansal, CEO & Founder, Statiq. 'By integrating our expansive charging network with VECV's My Eicher, we aim to provide users with a seamless, tech-driven charging experience that removes barriers to EV adoption,' Bansal said. Statiq will also identify and highlight charging hubs with sufficient infrastructure and parking on the My Eicher platform. The agreement includes turnkey projects for the installation, operation, and maintenance of charging stations, shared infrastructure, mobile charging options, and revenue-sharing models with channel partners.
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Business Standard
14-05-2025
- Automotive
- Business Standard
GreenCell Mobility gets govt's letter of award for 472 e-Buses in MP
Eversource Capital-backed electric mobility firm GreenCell Mobility on Wednesday said it has received the Letter of Award (LOA) for the supply and deployment of 472 e-buses in Madhya Pradesh under the PM e-Bus Sewa Scheme. The company said it has partnered with VE Commercial Vehicles (VECV) to deploy electric buses across six cities in Madhya Pradesh. Additionally, the company said it has also joined hands with EKA Mobility for the supply and deployment of 750 e-buses across 11 cities in Andhra Pradesh. PM e-Bus Sewa Scheme is part of the Central Government's initiative to deploy 10,000 e-buses nationwide and support the Government of India's mission to electrify public transport. In FY 2024-25, CESL (Convergence Energy Services Ltd) introduced a tender for 4,588 electric buses under the PM e-Bus Sewa scheme, according to GreenCell Mobility. The company already has some 900 e-buses operational in UP, Gujarat and Maharashtra. These new contracts will see GreenCell Mobility expand its electric bus operations across Madhya Pradesh and Andhra Pradesh, the company said. "These two projects are a major milestone in our mission to transform mass mobility through zero-emission electric buses. Backed by strategic partnerships with leading OEMs and a robust financing model, we are committed to making clean, efficient public transportation accessible throughout India's growing cities," said Devndra Chawla, MD & CEO, GreenCell Mobility. In addition, the company said it is also actively developing and deploying the necessary charging infrastructure to support these deployments. "We are taking the next step with GreenCell Mobility by introducing Eicher electric buses in their operations under the PM e-Bus Seva Scheme," said Vinod Aggarwal, MD and CEO at VE Commercial Vehicles.
Business Standard
02-05-2025
- Automotive
- Business Standard
Eicher Motors CV sales climb 27% YoY in April'25
Eicher Motors' unlisted subsidiary, VE Commercial Vehicles (VECV), reported a 27.3% year-on-year growth in commercial vehicle (CV) sales to 6,846 units in April 2025. While domestic sales increased by 27.7% to 6,257 units and total exports surged 29.2% to 460 units in April 2025 over April 2024. Total sales of Volvo trucks and buses in April 2025 stood at 129 units, up by 4.9% YoY. Further, the companys monthly motorcycle sales in April 2025 stood at 86,559 units, which is higher by 6% compared with 81,870 units in the same month a year ago. Sales of motorcycle models with engine capacity up to 350 cc jumped 2% to 74,282 units, and sales of motorcycle models with engine capacity exceeding 350 cc surged 36% to 12,277 units in April 2025 over April 2024. The international business recorded sales of 10,557 units on April 25, up by 55% compared with 6,832 units sold in the same period last year. Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden's AB VolvoVolvo Eicher Commercial Vehicles, which operates in India's commercial vehicle space. The company reported a 17.5% jump in consolidated net profit to Rs 1,170.50 crore in Q3 FY25 as compared with Rs 995.97 crore in Q3 FY24. Revenue from operations increased 18.8% YoY to Rs 4,888.11 crore in Q3 FY25. Shares of Eicher Motors slipped 2.13% to Rs 5,446.25 on the BSE.
