Strong Commercial Vehicle Growth Supports Volvo's India Hub Plan

While India has been developing into a global production and export hub for manufacturers of small cars in recent years, Sweden's Volvo Buses intends to build on the country's booming commercial vehicle segment to expand its local unit into an export hub. Volvo Buses India has announced plans to invest INR4bn (US$81mn) over a five-year period to expand its capacity, develop new products and build up its export

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