Volvo-Eicher Commercial Vehicles, a joint venture (JV) between the Volvo Group and Eicher Motors plans to invest about Rs 2,500 crore by 2013.The JV is setting up an engine manufacturing unit on a 12-acre plot in Pithampur, Madhya Pradesh. The proposed unit will make 100,000 medium-duty five- and eight-litre automotive engines annually and will be operational by mid-2013.
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