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High growth drives Volvo to weigh local assembly options
Posted on 19th April 2017
Two consecutive years of high double-digit growth in the Indian market has prompted Swedish luxury car maker Volvo to look at expanding operations with a possible local assembly. All Volvo cars sold in India are now imported as completely built up units and attract 120 per cent in the form of various duties. Local assembly would bring duties down to 70 per cent and help the company grow.

Volvo, IISc join hands for R&D future automotive technologies
Posted on 14th December 2016
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 to drive past 2016 with 20% growth
Posted on 8th December 2016
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 set for Rs 300-crore expansion; scouts for land
Posted on 24th August 2016
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.

Volvo India expects 25% growth this year, says MD
Posted on 9th May 2016
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 launches multi-axle dump trucks in mining push
Posted on 27th November 2015
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.

Global truck maker Volvo's Q3 core profit tops forecast
Posted on 23rd October 2015
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.

Volvo Group launches customer financing in India
Posted on 12th October 2015
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 makes in India buses for Europe, first bus maker to export to continent
Posted on 14th July 2015
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 launches S60 T6 in India at Rs 42 lakh
Posted on 3rd July 2015
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.

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