Volvo unit to open bus body facility today

Volvo Bus Corporation, a group company of the Swedish Volvo Group, has announced the inauguration of its newly built bus body production facility here on Thursday. The facility is a joint venture between Volvo Bus Corporation and Jaico Automobiles of Bangalore. Volvo Bus has 70 per cent stake in the join venture, which had made an initial investment of Rs 80 crore.

Volvo Bus Technologies Pvt. Ltd, the new joint venture, has also been identified as a sourcing hub for buses for South-East Asia, West Asia and African markets, said Mr Hakan Karlsson, President, Volvo Bus Corporation. More
Courtesy:www.indiacar.net

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