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 […]
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The entire world has been impacted immensely due to the coronavirus pandemic, resulting in layoffs, leave without pay and witnessing the largest experiment of work from home in the world. Amid rising concerns for its employees, now the US auto major Ford has asked its 10,000 employees in India, except those in business-critical roles, to […]
In 2018, Sweden and India signed an innovation agreement. Sweden-India Transport Innovation and Safety Partnership (SITIS) is a strong and concrete example of how innovation cooperation between the countries actually happens, and can create global values in the security area. SITIS was launched in Stockholm, in the presence of Nitin Gadkari, Minister of Transport & […]
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.