{"id":478494,"date":"2022-03-25T10:35:09","date_gmt":"2022-03-25T05:05:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=478494"},"modified":"2022-03-25T10:35:09","modified_gmt":"2022-03-25T05:05:09","slug":"eicher-volvo-jv-may-plan-to-float-new-unit-for-evs","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/eicher-volvo-jv-may-plan-to-float-new-unit-for-evs\/","title":{"rendered":"Eicher-Volvo JV may plan to float new unit for EVs"},"content":{"rendered":"<p>VE Commercial Vehicle (VECV), a joint venture between Eicher Motors and Volvo Group, is considering carving out a separate unit to participate in the country&#8217;s growing electric vehicle segment, people aware of the company&#8217;s plan told ET.<\/p>\n<p>According to the sources, VECV would be open to private equity funding.<\/p>\n<p>If VECV participates in the government&#8217;s tender for 5,000 electric buses, the new entity would need funds to acquire a fleet of buses and operate them as mandated under the gross cost contract clause of the tender.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>VE Commercial Vehicle (VECV), a joint venture between Eicher Motors and Volvo Group, is considering carving out a separate unit to participate in the country&#8217;s growing electric vehicle segment, people aware of the company&#8217;s plan told ET. According to the sources, VECV would be open to private equity funding. If VECV participates in the government&#8217;s tender for 5,000 electric buses, the new entity would need funds to acquire a fleet of buses and operate them as mandated under the gross cost contract clause of the tender.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-478494","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/478494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=478494"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/478494\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=478494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=478494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=478494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}