Volvo India Private Limited was established in 1998 as a fully-owned subsidiary of Volvo, Sweden. The company has its manufacturing plant at Hoskote near Bangalore, where it assembles heavy commercial vehicles. Set up with an investment of about US$ 70 million, the plant today operates at 1000 units capacity in a one-shift operation. Increasing the number of shifts can further enhance this capacity.

The company introduced its first truck model, FH12, in the Indian market in 1998. However, even before the trucks commenced production, Volvo had already begun sales operations with its Volvo Penta and Volvo Construction Equipment business units. In 2001, the company introduced its first bus model in India, Volvo B7R, thus moving closer to becoming a complete transportation solutions provider. In the last 5 years Volvo in India has introduced 4 new truck model platforms, a range of construction equipment and engines and recently upgraded the Volvo B7R bus. In 2001, Volvo overhauled its product range globally, and introduced the new generation FM series of trucks. These have been introduced in India starting early 2003.

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