VECV says it is a long-term player, auto slowdown hasn't impacted its capex

The Volvo-Eicher Motors JV plans to invest Rs 650-700 cr on BS VI rollout, apart from a greenfield venture in Bhopal

At a time several commercial vehicle (CV) makers are planning to cut down capex and investments due to slowdown, VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, plans to invest Rs 650-700 crore on the rollout of BS VI vehicles and a greenfield venture in Bhopal this fiscal. 

Vinod Aggarwal, MD & CEO, VECV, told Business Standard that the current phase of slowdown is temporary, and that the medium and long-term horizons look good. He adds that his firm is preparing for the future, since it is a long-term player. 

The company's Bhopal plant, which