While at the more modest-end of the spectrum, a slew of domestic and international carmakers are waiting to unleash a few surprises. Auto firms such as, Fiat, Volvo, Hyundai, Maruti Suzuki, Volkswagen, Tata Motors, Honda Siel and Mitsubishi Motors are all in queue to yank the covers off their gleaming beauties. Read more
Courtesy: economictimes.indiatimes.com
Archive for the 'volvo' Category
Car makers set to scorch motown with new launches
Published May 3rd, 2008 in Fiat India, HM/Mitsubishi, Honda India, Hyundai Motors, Launches, Tata Motors, Volkswagen, volvo and Maruti Suzuki. 0 CommentsWhile that vehicle of the future may lack the self-awareness of the crime-fighting Trans Am in 1980s TV series Knight Rider, experts say it will be able to steer, brake and find out about the road ahead from within a vast electronic bumper. Read more
Courtesy: indiacar.net
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Courtesy: www.indiacar.net
“Punjab is a very important market for us as it has a huge potential for selling luxury cars and we are confident that with the opening of our dealership we will become a significant part of this dynamic market,” Volvo Car India, Managing Director, Paul de Voijs said. Read more
Courtesy: www.indiacar.net
To tap the growing automobile market of the country, Volvo Car India is expanding its dealership network with plans to open 7-9 dealerships during the current year.
To start with, the company today announced the opening of its flagship dealership, spread over an area of 6,000 sq mt, here. Read more
Courtesy: economictimes.indiatimes.com
Volvo to decide on Indian assembly operations by year-end
Published February 7th, 2008 in volvo. 0 CommentsVolvo Cars India on Wednesday said it will hold discussions with its parent in Sweden by the end of this year for starting assembly operations in the country, as it looks to launch new models to strengthen its foothold here.
The company, which is exploring possible synergies with Ford Motor India for its assembly operations here, would also include the US-headquartered firm in its discussions with its parent firm in Sweden.
Ford Motor Co of the US owns Volvo passenger car business globally. Read more
Courtesy: www.indiacar.net
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
Hero drives with Daimler for 4-wheeler foray
Published December 15th, 2007 in Nissan, Ashok Leyland, volvo and Eicher motors. 0 CommentsIn a third major joint venture that the last six months have seen on the commercial vehicles front, the German truck maker Daimler on Friday announced a joint venture with the Hero Group for the business. This would also be the second joint venture in the week with Eicher Motors Ltd tying up with the Swedish automotive giant, Volvo. In August this year, Ashok Leyland tied up with the Japanese major Nissan for light commercial vehicles.
The joint venture between the Hero Group and Daimler Trucks would include manufacturing of light, medium and heavy commercial vehicles for which a proposal will be submitted to the Foreign Investment Promotion Board. More
Courtesy:www.indiacar.net
Eicher’s fundamentals pump up valuation
Published December 10th, 2007 in volvo, Eicher motors and Tafe. 0 Comments For a David in a market of Goliaths, Eicher manages to attract a great deal of respect both from its domestic as well as global rivals. Its valuation luck held out when Tafe bought its tractor business for Rs 310 crore two years ago. Although the exact valuation of the 8% that Volvo is picking up in Eicher Motors isn’t confirmed, the buzz is that the premium is fairly decent.
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Courtesy:economictimes.indiatimes.com
Volvo in truck with Eicher for CVs
Published December 10th, 2007 in volvo and Eicher motors. 0 CommentsSwedish truck giant AB Volvo is acquiring a 50% economic interest in Eicher Motors’ (EML) commercial vehicles business, which is being spun off into a new joint venture (JV) company.
Volvo will invest $350 million for a 45.6% stake in the JV. In addition, it also intends to acquire 8.1% stake in EML from its Delhi-based promoters for an undisclosed amount, which will take its direct and indirect ownership to 50% of JV company. ET broke the story in its Monday edition. EML will directly hold 54.4% in the joint venture. A Letter of Intent (LoI) to this effect was signed on Monday. More
Courtesy:economictimes.indiatimes.com
