Volvo for 30% India engines for export

Agencies

Posted: Thursday, Nov 15, 2012 at 1610 hrs IST

Bangalore: Volvo AB aims to eventually export 30 percent of the capacity at its Indian engine plant opening next year as the world's No.2 truck maker looks to leverage cost-efficiencies from its operations in Asia's third-largest economy.

Volvo will also increase the annual capacity of the plant by 25 percent from 80,000 engines by 2016, Chief Executive Officer Olof Persson said in Bangalore on Thursday.

The long-term capacity of the engine factory is 100,000 engines, Persson said. Around 30 percent of that is going out of India into the European system.

Volvo, which operates in India alongside local partner Eicher Motors Ltd, joins a growing list of global automakers seeking to use the country as a manufacturing centre for parts and components to cut costs and as an export hub to other emerging markets around the world.

Volvo draws up Rs 2,000 cr investment roadmap in India

(PTI) Volvo Group plans to invest Rs 2,000 crore

... contd.

Source: http://financialexpress.com/news/volvo-for-30-india-engines-for-export/1031453/

prometheus grand canyon skywalk tonga pid corned beef hash the walking dead season 2 finale born free