With effect from December 31,
2015, Volvo Buses India has merged into the joint company of Volvo Group in
India, namely Volvo India Private Limited (VIPL). Volvo Buses, a leader in the
bus industry, will continue to be responsible for its brand, market and
business operations while leveraging the synergies and strength of the joint
Volvo Group in India includes
multiple business areas and brands: Volvo Buses, Volvo Penta Engines, Volvo
Construction Equipment, SDLG Construction Equipment, UD Buses, Volvo Trucks,
Eicher Trucks and Buses. Eicher and
Volvo Trucks are sold via the JV Company, namely VE Commercial Vehicles
Commenting on the development, Kamal Bali,
Managing Director of the joint company, Volvo India Private Limited (VIPL)
said, “At Volvo Group, we are constantly seeking to create greater value for
our customers, together with all our stakeholders. Given the circumstances, it
is quite natural for all businesses and brands of the group to be part of a
unified legal organization in order to harness synergies, competencies, create
greater efficiencies and responsiveness at the back-end, leading to better
Bali added, “The Volvo Group
is united by a single vision – to become the world leader in sustainable
transport solutions. We are closely aligned with India’s key growth priorities
with focus on Urbanisation, Infrastructure & Skill development, while
making transportation safer & sustainable. Volvo Buses will continue to
play a major role here”
With this, Volvo India Private Limited (VIPL)
now enshrines almost all manufacturing and business areas that make up the
group globally and is also host to various global support and engineering services – engineering
design & development, IT support and services, accounting and logistics
services, catering to both domestic & global operations of the Group. VIPL
is headquartered at its corporate office in Bangalore and has three
state-of-the-art manufacturing facilities near Bangalore, namely Volvo Trucks
facility in Hosakote, Volvo & UD Bus factory also in Hosakote and Volvo
& SDLG Construction Equipment factory in Peenya Industrial Area.
VRV Sriprasad will continue to lead the Volvo
Bus business in India. As before, he will report to Akash Passey, Senior Vice
President at the Volvo Bus Corporation.
In India, Volvo Group has over
18 years of presence with products that brought about a paradigm shift in
customer experience and stand out in terms of transport economy &
productivity, transport concepts, fuel efficiency, safety, environment care and
in supporting sustainable transport, infrastructure development and city
With the legal merger, the
Group has over 3,500 employees, 3 industrial establishments and approximately
300 sales & support points across the country, excluding operations of the
JV Company (VECV). Volvo in India has trained over 66,000 drivers and is also
championing the cause of construction equipment operators in the country.
Source: Volvo Group
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