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Volvo Group Trucks Technology (GTT), the global research, development and engineering arm of Volvo, and Indian Institute of Science (IISc) today joined hands to undertake R&D in future automotive technologies.

Volvo Group and IISc will collaborate on long-term research collaboration in selected technology areas under a Memorandum of Understanding (MoU), Volvo Group in India said in a statement.


 
Volvo India, fully owned by Sweden-based AB Volvo Group, has said that it would end up closing the year, ending December 2016, with about 20% growth over 2015. The growth was primarily driven by construction equipment, which is growing at around 40%.

Speaking to Business Standard on the sidelines of CII's Cost Congress 2016, Kamal Bali, Managing Director, Volvo India said that today Volvo India operations include all its four businesses including construction equipment, trucks, buses, and engines. Besides, it is also an important destination as far as Information Technology is concerned.


 
Volvo India Private Ltd (VIPL), an Indian arm of the Swedish commercial vehicle major, is scouting for additional land near Bengaluru to expand its operations. The company currently operates its truck and bus manufacturing plants at Hoskote on the outskirts of Bengaluru.

“We are looking for an additional 30-40 acres land near our existing facility to create new capacity and other infrastructure facilities to support our manufacturing operations.


 
Automobile manufacturer Volvo India is expecting its market in India to grow at around 25% this year, compared to the last year. The company said it has seen growth in 2015, after three years, and is looking to continue to grow in the near future.

Speaking to reporters on the sidelines of IQ Anniversary 2016 and National Business Excellence Conclave 2016, organised by the Confederation of Indian Industry (CII) Institute of Quality, Kamal Bali, managing director, Volvo India, said: "We are very glad that last year was a great year for the company, for the entire Volvo group globally as well as in India. We had a record performance. In the last five years, last year was our best year. In India also, we grew by close to 20-25%. This year, first quarter during January-March we are 20-25% more than last year."


 
Volvo Trucks has launched two new large capacity 5-axle dump trucks for various mining applications, saying the new products are ready to take on future demand of coal mining.

The FMX 520 10x4 and FMX 480 10x4 dump trucks were launched at the five-day ongoing Excon, which is touted as South Asia's largest exhibition on construction equipment and technology.


 
STOCKHOLM: STOCKHOLM: Sweden's Volvo forecast another year of growth in the European heavy-duty truck market but slowing or flat sales in most other major markets next year, while sweeping cost cuts drove a bigger than expected rise in third-quarter core profit.

Volvo, a rival of German Daimler and Volkswagen's truck brands, said the European market was seen growing to 275,000 trucks in 2016 from an expected 265,000 this year, the highest level since before the 2008 FINANCIAL crisis.


 
MUMBAI: Volvo Financial Services today announced the launch of its operations in India to provide a competitive and total one-stop shop solution of equipment, loans, leases, insurance, maintenance, and other aftermarket services, to customers and dealers of the Volvo Group and VE Commercial Vehicles -VECV.

VECV is a joint venture between the Volvo Group and Eicher Motors Limited in India.


 
Volvo Buses, the bus making unit of Swedish auto maker Volvo Group, on Tuesday said it will begin this month exporting fully made buses for Europe, the first from an Asian country to its home market.

Volvo plans to utilize the existing manufacturing capacity at its unit, on Bengaluru outskirts, leverage the component supplier base and the low cost talent to offer buses at “ competitive” costs to its inter-city bus customers in Europe.


 
Volvo today announced the launch of S60 T6 petrol variant in India.

The vehicle, priced at Rs 42 lakh (ex-showroom Delhi), is powered by a 2.0-litre 4-cylinder petrol engine that is good for 306 HP and 400 Nm torque.


Volvo trucks shift to top gear
Posted on 19th June 2015
 
The Indian subsidiary of Swedish transportation major Volvo Trucks is set to shift into top gear as revival in mining and infrastructure sectors has spurred the demand for its premium trucks (400 HP and above).

Though the company took 17 years to sell 10,000 trucks, with 5,000 units in the first decade (1998-2009) and another 5,000 over the last six years, the subsidiary is gearing up to meet the growing demand in the core sectors. It is now confident of selling the next 5,000 trucks in three to four years.


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