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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
17 minutes ago
- Hans India
Strong demand, stable activity in economy
India's economic indicators are becoming more supportive of growth, according to the report released by Motilal Oswal Private Wealth (MOPW) on Friday. The report highlights that several positive trends are emerging on the domestic front, including higher GDP growth, easing inflation, and strong tax GDP grew by 7.4 per cent in the fourth quarter of FY25, which is the highest reading in the last four has remained below 4 per cent for four consecutive months, and GST collections have been rising steadily. These signs indicate strong demand and stable activity in the formal sector of the report also notes that India's policy environment is now moving in a unified direction. Fiscal, monetary, and regulatory policies are all aimed at maintaining growth increased tax exemption limits that came into effect from April 2025 are expected to improve disposable incomes and boost the same time, the government's capital expenditure continues to rise, supporting the investment the global front, the environment remains mixed. In April and May, markets faced worries over tariffs and geopolitical tensions. However, the situation improved with a delay in global tariff implementation and a ceasefire announcement between India and Pakistan. This improved global sentiment has helped global equity markets, with the MSCI World Index reaching record highs. Meanwhile, rising bond yields in Japan and China's shift towards gold show that global investors are moving away from US could become a concern as the US faces refinancing of $9 trillion in debt this a weaker Dollar Index could help emerging markets like India by attracting more foreign investments. In the Indian stock market, valuations have increased as earnings have not grown at the same Nifty-50's one-year forward valuation has risen above its long-term average, and mid and small-cap stocks continue to trade at a premium. This makes careful stock selection and active management more important for investors looking to generate higher returns, the report stated.
Hans India
32 minutes ago
- Hans India
Engg exports rise 60% in a decade
New Delhi: India's engineering goods exports have surged by 60 per cent since 2014, Union Commerce and Industry Minister Piyush Goyal said on Friday. Highlighting the success of the 'Make in India' initiative, the Union Minister credited the steady rise in engineering exports to the government's focused efforts over the last decade. 'India on the rise! Since 2014, under @NarendraModi Govt., engineering goods' exports have surged by 60 per cent, reflecting robust 'Make in India' success,' Goyal posted on social media platform X. This rise in engineering exports comes at a time when India's broader industrial performance is also showing steady improvement. As per the earlier Ministry of Statistics data, industrial production in April 2025 grew by 2.7 per cent year-on-year (YoY). The manufacturing sector, a key pillar of India's economic growth, registered a 3.4 per cent rise in April, improving from 3 per cent growth in March. Sectors like basic metals, motor vehicles, and machinery were among the top contributors to this growth. The manufacture of machinery and equipment alone grew by 17 per cent, pointing to strong demand in both domestic and export markets. The production of capital goods -- equipment used in industrial and infrastructure projects -- saw a sharp 20.3 per cent rise. This not only signals higher investment activity but also supports long-term job creation and income growth. Consumer demand has also remained strong, with the output of durable goods such as electronics and appliances increasing by 6.4 per cent.
Hans India
an hour ago
- Hans India
Middle East conflict no major worry: Crisil
The impact of the Middle East tensions on most Indian companies is expected to be limited in the near-term, with low capex intensity and balance sheet strength of firms offering a cushion from potential vulnerabilities, according to a Crisil report released on Friday. However, a prolonged escalation could aggravate the impact mainly due to a rise in oil prices and disruption in supply chains which could stoke inflation, the report added. 'So far, the ongoing uncertainties in the Middle East have not had any significant impact on India Inc's global trade. However, if the situation deteriorates, some sectors such as basmati rice could see a heightened impact and will require monitoring, while others like fertilisers and diamonds — both cut and polished — may also see some impact,' the report stated. Also, prolonged and increasing uncertainties can result in a rise in air/sea freight cost and insurance premiums for export/import-based sectors, the report states. India's direct trade with Israel and Iran is minuscule at less than 1 per cent of the total trade. While India's major export to Iran is basmati rice, trade with Israel is more diversified, and includes fertilisers, diamonds and electrical and Israel accounted for around 14 per cent of India's basmati rice exports in fiscal 2025. But because basmati rice is a staple, the impact on demand due to the ongoing tensions is likely to be limited, according to the Crisil report. Additionally, India's ability to export to other countries in the Middle East, the US and Europe reduces demand risk. But a prolonged crisis can lead to possible delays in payment from counterparties in these regions, elongating the working capital cycle, the report domestic diamond polishers, Israel is mainly a trading hub, accounting for about 4 per cent of the total diamond exports last fiscal. Additionally, around 2 per cent of all rough diamonds imported are from Israel. Polishers also have alternative trading hubs such as Belgium and the United Arab Emirates, with ultimate buyers based in the US and Europe, which will help them to manage any adverse impact on the sector, the report states. Repercussions of any further significant increase in the crude oil prices from the current levels would vary across oil prices will benefit upstream oil companies because it translates to more revenue, while their costs are downstream oil refiners, operating margins could get squeezed due to higher input cost as they may have limited ability to fully pass on the same through increase in retail fuel aviation companies, fuel accounts for about 35-40 per cent of operating cost. Further, the operators will also witness higher fuel cost due to increased travel time on account of airspace closures/diversions.
