Jan 31, 2007, 09.05 AM | Source: Moneycontrol.com
Volvo India Bus Technologies Ltd, a 70:30 joint venture between Volvo India and JAICO (bus body manufacturers) will establish a bus body manufacturing plant in Hoskote, Bangalore.
The subsidiary will invest Rs 50 crore in the new plant, which will have an annual production capacity of 1,000 buses on a double-shift basis, said Mr Jan Vandooren, Vice-President of Volvo Bus South Asia.
The plant will build complete buses for the local as well as the export markets. Currently, exports contribute 10% of total sales. The company has been exporting to Sri Lanka and Bangladesh, and intends to export to neighbouring countries in West Asia and Africa.
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