VECV Wins Rs 500 Crore Contract for the Supply of 550 Intercity Buses

VE Commercial Vehicles (VECV) has received an order worth approximately Rs 500 crore from Vijayanand Travels, based in Karnataka. The order consists of 550 intercity buses, which will be delivered within a timeframe of 12-18 months. Among these buses, there will be 500 units of Eicher Intercity 13.5m AC and non-AC sleeper coaches, as well as 50 Volvo 9600 luxury sleeper coaches, as stated on Thursday.

In a statement, Vijayanand Travels highlighted that this order of 550 buses reflects the company’s strong expansion plans to become a national operator in India.

“Vijayanand Travels has made the largest order in India for 550 intercity buses from Volvo and Eicher, with an approximate value of Rs 500 crore. This includes 500 units of Eicher Intercity 13.5m AC and non-AC sleeper coaches, as well as 50 Volvo 9600 luxury sleeper coaches,” the statement read.

Currently, Vijayanand Travels operates in six states, including Karnataka, Maharashtra, Andhra Pradesh, Telangana, Gujarat, and Goa.

Shiva Sankeshwar, Managing Director at Vijayanand Travels, stated, “We are currently at a very important stage of our growth journey. Building on our rich legacy, we aim to establish a pan-India presence in terms of fleet size, geographical reach, and intercity connectivity.”

Vinod Aggarwal, Managing Director and Chief Executive Officer at VECV, expressed that they have received a follow-up order from Vijayanand Travels. The manufacturing of these buses takes place at VECV’s facilities in Hoskote, Karnataka, and Pithampur, Madhya Pradesh.