Tag: Volvo Eicher

Eicher Motors acquires Volvo India’s bus manufacturing arm for ₹100Cr

by HrNxt Newsdesk • August 13, 2020

Eicher Motors Ltd subsidiary Volvo Eicher Commercial Vehicles Ltd (VECV), recently announced that it has acquired Volvo Bus India, a division of Volvo Group India Pvt. Ltd, for about ₹100 crore. Volvo Bus India is engaged in the business of production and sale of buses and coaches in India. “The transaction comprises of the proposed…

VE Commercial Vehicles, JV of Volvo and Eicher to invest Rs 400 crore for Bhopal plant.

by HrNxt Newsdesk • October 10, 2018

VE Commercial Vehicles Ltd. (VECV) the joint venture between the Volvo Group (Volvo) and Eicher Motors Limited (EML) has announced that the JV will invest in a new plant in Bhopal for of Rs 400 crore. “The Madhya Pradesh government has allotted land for the new plant and work to set up this plant is…

Volvo may look at car manufacturing facility in India ..

by Team HrNxt.com • December 27, 2012

It is reported that Swedish car maker Volvo may be looking at setting up a car manufacturing facility in India. This is in alignment of companies focus on doubling its global sales by 2020. The company is also looking at other emerging economies to set up its manufacturing facilities.