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#VOLVO BUS PRICE IN INDIA HOW TO#
Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. The transfer agreement with Volvo Group India is for manufacture, assembly, distribution and sale of the Volvo buses in India.īusiness Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Coming to the prices of Volvo vs Scania buses, here they are. And more over, both these companies from what I’ve learnt have some decent road side service by Scania and amazing service by Volvo. The best luxury bus in India cannot be too expensive also. The transaction will lead to a new bus division comprising Eicher and Volvo bus business. Everything boils down to the price of both Volvo and Scania buses. VECV is a joint venture between Volvo Truck Corporation and Eicher Motors. The transaction will be completed once the conditions under the agreements are fulfilled and the final business transfer is expected to be closed within the next two months. Volvo Bus India is currently a division of Volvo Group India (VGIPL). Consequently, the bus manufacturing facility at Hosakote, Bengaluru, and all employees of Volvo Bus India (VBI) will be transferred to VECV.
They will cover the manufacture, assembly, distribution, and sale of the Volvo Buses in India, and other rights forming part of the business. By consolidating the operations of Volvo Buses India into VECV, we aim to further develop our bus business and strengthen our position in the Indian bus market," said Håkan Agnevall, president of Volvo Bus Corp.VE Commercial Vehicles (VECV), the truck and busmaking company of Eicher Motors, has signed an agreement to buy the bus division of Volvo in India for Rs 100 crore.Definitive agreements have been signed for the integration of Volvo Buses India business into VE Commercial Vehicles (VECV). “We are pleased with this development of Volvo Buses in India and see it as an opportunity to further build upon the successful JV company-VECV.
The said move will benefit Eicher to take on its existing rivals such as Ashok Leyland Ltd and Tata Motors Ltd in the bus segment. Akash Passey, who currently is the senior vice-president at Volvo Bus Corp, will head the said division.Īccording to Aggarwal, while Eicher is an established player in the production and sale of mass-market buses, absorption of Volvo Buses offers access to technology to make low-floor and multi-axle coaches along with the premium brand.Įicher, which is already strong in the school and staff segments, now plans to foray into the inter-city bus segment with the acquisition, while growing in the heavy-duty bus category.
Vinod Aggarwal, managing director and CEO at VECV, said that after the transaction is made, VECV plans to consolidate its bus business under an all-new bus division that will be created within VECV. As a result of the transaction, Volvo’s bus manufacturing facility at Hoskote, Bengaluru, and about 500 employees will be transferred to VECV.