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The new plant has been inbuilt accordance with Industry 4.Zero requirements and may have an annual manufacturing capability of 40,000 vans within the first part.
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The new plant will cater to each home and export demand for Volvo Eicher vans
VE Commercial Vehicles Ltd. (VECV) not too long ago introduced the graduation of operations at its new truck manufacturing facility at Bagroda in Bhopal, Madhya Pradesh (MP). The is the auto big’s eighth manufacturing plant within the state and has been set-up in accordance with IoT methodology and Industry 4.Zero requirements bringing extra automation. The plant was inaugurated by MP Chief Minister Shivraj Singh Chouhan, who flagged off the rollout of the brand new line of vans from the power. The new plant may have an annual manufacturing capability of 40,000 vans within the first part and can cater to home and export calls for.
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Speaking on the inauguration, Vinod Aggarwal, MD & CEO, VECV mentioned, “It’s a very proud moment for us today when we commence commercial operations at our new plant. This is a testament to our commitment to the State of Madhya Pradesh with eight plants in the State now. We are extremely happy of the industry-friendly policies, as well as the very peaceful industrial atmosphere of the state. Apart from meeting the domestic demand, this facility will also be used for catering to new export markets thus contributing to the vision of Atmanirbhar Bharat as well as Make in India initiatives by our commitment to Make in Madhya Pradesh.”
Speaking on the inauguration, Shivraj Singh Chouhan, Chief Minister – Madhya Pradesh mentioned, “We have had a long-standing association with VECV since the Pithampur plant was set up in the state. Now, this is the 8th plant of the company that has been set up using Industry 4.0 standards. Along with industrial development, the plant will also spur almost 70 per cent employment in the state, which has been a global concern for quite some time. We are extremely thankful to VECV for partnering with us and we will continue offering the company convenience and industry-friendly policies for smooth operations.”
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With the inauguration of VECV’s eighth plant in Madhya Pradesh, the corporate’s complete funding within the state stands at ₹ 5000 crore. The producer says it is among the largest buyers within the state, whereas additionally attracting over 100 ancillary and different suppliers. VECV additionally claims to have generated direct and oblique employment for over 30,000 folks together with suppliers and associates. VECV opened its first plant in Pithampur in Madhya Pradesh in 1986, establishing the Pithampur Industrial Area. The industrial car producer goals to construct the same industrial space in Bagroda, creating new funding and employment alternatives.
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