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 […]
Tag: Volvo Eicher
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 […]
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.