Thursday, January 10, 2008

Volvo To Invest Rs 80 Cr For Setting Up Manufacturing Plant

NEW DELHI: Bus maker Volvo Bus Corporation will invest Rs 80 crore to set up a bus body manufacturing plant at Hosakote, Bangalore.

The company has tied up with India's Jaico Automobiles to form a joint venture company, Volvo Bus Body Technologies India Pvt Ltd, Volvo Bus Corporation Director Akash Passey told reporters at the 9th Auto Expo here.

The JV company would have a manufacturing capacity of 1,000 buses per year and cater to bot

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