Mexican Media Brands
Volvo Truck Accelerates Expansion in India
AB Volvo tells the Economic Times it will spend roughly $100 million over the next five years twice the pace of the last decade to expand its commercial truck operations in India.
#economics
Share
AB Volvo tells the Economic Times it will spend roughly $100 million over the next five years twice the pace of the last decade to expand its commercial truck operations in India.
The company says investments will cover buses, trucks, construction equipment and financial services. Much of the spending will be to expand existing facilities and add new products, ET reports.
Volvo Truck predicts India's slumping commercial truck market will surge 15%-20% this year, including 40% growth in the premium segment.
RELATED CONTENT
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.