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VE Commercial Vehicles announces joint venture with iTriangle Infotech
Industry News- May 17,24
The joint venture aims to strengthen VECV's surround-service portfolio for Eicher truck and bus customers, enhancing its ability to address the rapidly evolving people and logistics ecosystem in India and select export markets.
VE Commercial Vehicles Ltd (VECV), a prominent joint venture between Volvo Group and Eicher Motors, has announced the establishment of a joint venture with iTriangle Infotech, a leading provider of telematics solutions. The purpose of this collaboration is to develop and deliver fleet management solutions for truck and bus customers operating in various applications. Definitive agreements have been signed to form the joint venture, which will focus on creating industry-leading telematics fleet management systems for VECV. These systems will operate on telematics hardware devices supplied by iTriangle.
The joint venture aims to strengthen VECV's surround-service portfolio for Eicher truck and bus customers, enhancing its ability to address the rapidly evolving people and logistics ecosystem in India and select export markets. VECV has been at the forefront of introducing advanced connectivity solutions, having pioneered 100% connectivity over five years ago. All Eicher Trucks and Buses are currently monitored 24/7 at VECV's industry-leading Uptime Centre, providing customers with unlimited access to advanced fleet management systems through the MyEicher App. The collaboration with iTriangle represents the next step in VECV's journey to provide comprehensive and innovative offerings to its customers.
Vadiraj Katti, CEO & Co-founder, iTriangle said, “As a company focused on building advanced telematics and mobility solutions, our endeavor has always been to provide innovative offerings to our customers to make public and commercial transport safe and more productive. VECV has been a pioneer in India to drive digitalisation and technology in the transport sector and we are extremely excited to partner with them to develop and offer advanced Fleet Management Solutions to the industry.”
Vinod Aggarwal, MD & CEO, VECV, expressed his thoughts on the joint venture, highlighting the company's commitment to connectivity and technology. He emphasised that the partnership with iTriangle signifies VECV's dedication to advancing its digitalisation efforts and leveraging technology in the transport sector.
The joint venture between VECV and iTriangle represents a significant step towards revolutionising fleet management in the truck and bus industry. By combining their expertise and resources, the partnership aims to deliver cutting-edge solutions that enhance operational efficiency, optimise logistics, and improve overall customer experience. As the transport sector continues to undergo rapid transformation, this collaboration is poised to make a substantial impact by introducing innovative telematics solutions tailored to the evolving needs of the market.
VE Commercial Vehicles Ltd
VECV
joint venture
Volvo Group
Eicher Motors
iTriangle Infotech
telematics solutions
fleet management
truck
bus
agreements
connectivity
Uptime Centre
MyEicher App
Vadiraj Katti
Vinod Aggarwal
digitalisation
technology
transport sector
innovation
operational efficiency
logistics
customer experience
collaboration
revolutionising
market needs
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