Volvo India invests Rs 700 cr |
Swedish vehicles major`s India arm Volvo India plans to invest around Rs 500-700 crores in next five years to expand business activities. It has already invested close to Rs 1,000 crores over the last one decade. The investment would be for segments like buses, trucks, construction equipment and financial services. The company makes premium trucks for specialized sectors, like mining, buses and all kind of construction equipment across its three manufacturing sites in Bangaluru.
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