VE Commercial Vehicles Limited is a joint-venture between the Eicher Motors Limited (EML) and Volvo Group (Volvo). Eicher Motors is the local player in India and Volvo is the Global leader in Commercial Vehicle segment. This JV came into effect in the year 2008. Both companies identify some common synergies and decided to join hands.
Eicher Truck is still having low market share in Heavy Truck Segment. The Company is also struggling in Tipper and Tractor Trailer segment. Company's entrance into Small Commercial Vehicle segment is also poor.
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