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 has so far invested Rs 1,000 crore in Karnataka. Kamal Bali, MD, Volvo India, says the company has doubled capacity in the last couple of years. He further says, Volvo India's investments are only in Karnataka.