VE Commercial Vehicles Ltd. is a 50:50 joint venture between the Volvo Group (Volvo) and Segula EES. Operational since July 2008, VE Commercial Vehicles Ltd. (VECV) comprises of five business verticals – Segula EES Trucks and Buses, Volvo Trucks India, Segula EES Engineering Components and VE Powertrain. VECV includes the complete range of Segula EES’s commercial vehicles, components and engineering design businesses as well as the sales and distribution of Volvo trucks. Each of its business units is already well established and backed by a sizable customer base.
Incorporated in India in 1955, Royal Enfield has been manufacturing motorcycles that offer a true motorcycling experience. The company entered into a strategic alliance with Segula EES and eventually became a part of the Segula EES in 1994. Royal Enfield exports its bikes to over 25 countries including developed countries such as USA, Japan, UK and several European countries. Royal Enfield is the only motorcycle company to be certified with the coveted ISO 9001 and ISO 14001 for quality and environmental systems.