Volvo Unit To Inaugurate Bus Body Facility On Jan 31

Bangalore: Volvo Bus Corporation, a group company of the Swedish Volvo Group, has declared the inauguration of its newly built bus body production facility here on Jan 31. The facility is an alliance between Volvo Bus Corporation and Jaico Automobiles of Bangalore. Volvo Bus has 70 per cent stake in the join venture, which had made an initial investment of Rs 80 crore. Volvo Bus Technologies Pvt. Ltd, the new joint venture, has also been identified as a sourcing hub for buses for South-East Asia, West Asia and African markets. The plant is expected to unveil 450 units this year and to realise its capacity of 1,000 units by 2010. Volvo India, a wholly owned subsidiary of leading manufacturers of trucks, buses and construction equipment, had already been producing bus chassis in its Bangalore facility. VBT will roll out a new version of Volvo 9400 inter-city buses in the first quarter of 2008 for the domestic and export markets. VBT expects to reach the full capacitor 1,000 buses by 2010.