Sweden’s Volvo to invest in India

Volvo is a Swedish truck, bus and earth-moving equipment maker. Volvo is the world’s 2nd largest truck maker by revenue.

Volvo declared its plans to invest R s 3,800 Crore in India in next few years. Of imagethis amount, it will be investing Rs 1,800 Crore in a joint venture with Eicher Motors. Volvo and Eicher have a 50:50 joint venture VE Commercial Vehicles which sells Volvo brand of trucks and Eicher brand of trucks and buses.

In India, Volvo has a good presence in Bus segment.

Eicher is a commercial vehicle manufacturer in India.

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Categories: Banking Current Affairs 2018Business & Economy Current Affairs 2018

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