Photo: Volvo Buses
Volvo Eicher CV Acquires Volvo Group India's Bus Business
Eicher Motors on August 13 said its subsidiary Volvo Eicher Commercial Vehicles (VECV) is acquiring Volvo Group India for Rs 100.50 crores to manufacture, assemble, distribute, and the sale of Volvo buses in India. They will also be looking into providing services and spare parts. The manufacturing plant at Hoskote, Bangalore, and employees of VBI will be transferred to VECV.
Courtesy: Hindustan Times Auto
