Volvo to export buses made in India to Europe

Bengaluru: Global commercial vehicles manufacturer Volvo from Sweden plans to export buses manufactured in India to developed markets in Europe, starting this year. At present, inter-city coaches and city buses manufactured in India are exported to South Asia and South Africa. The company's Asia Leverage strategy of using manufacturing facilities in India to cater to demand from global markets coincides with Indian Government's 'Make in India' initiative and also helps the company to overcome cyclical nature of domestic market demands, as per Volvo Buses segment President Mr. Hakan Agnevall. The company has invested an additional Rs 400 crore (US$ 63 million) since 2011 to strengthen various manufacturing procedures and has currently capacity to manufacture 1,500 buses in Hoskote in the state of Karnataka.

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