Volvo - manufacturers of trucks, buses, cars, construction equipment, aero engines and engines for marine and industrial applications

Volvo

Volvo is among the world's leading manufacturers of trucks, buses, cars, construction equipment, aero engines and engines for marine and industrial applications. Established in 1927, it has maintained a consistent focus in the transport and automotive vehicle industry, and today has is the industry's most global player.

Translated literally, Volvo means "I roll", and it has rolled to become one of the world's strongest brand names, with production facilities in over 20 countries and sales worldwide. More than 40% of Volvo's workforce is employed outside Sweden and markets outside account for 90 per cent of the sales. Vigorous efforts are being made in new markets in Asia, with India as one of the key focus markets.

Volvo's entry into India coincides with the changing demands of the Indian economy, demands in both quality and quantity. Volvo believes that an increasingly technologically aware India will make an ideal base for production and global sourcing. Volvo is one of the largest producers of heavy commercial vehicles in the world. Its trucks are reputed for their performance and economy and are the flag bearers in their production activities in India.

However, its main focus is the commercial transport sector and activities are underway to introduce buses and construction equipment. Volvo Penta Diesel engines have been selling in India for over 2 years and have an installation base of over 1000 units. Volvo in India has its focus in providing economical transport solutions in consonance with its values of safety, quality, and environmental care.

Volvo inaugurated its manufacturing facility for heavy commercial vehicles in Hoskote, near Bangalore, on the 15th of June 98. Its initial investment is of around Rs 300 crore, and this unit will manufacture heavy commercial vehicles with a gross vehicle weight of over 16 tonnes. The unit has a capacity of 4000 units per annum, which it plans to achieve in the next 4-5 years.

Volvo at Bangalore offers the same quality levels that Volvo is known for worldwide. Volvo has plans to eventually develop its operations in India into a cornerstone for its global production and distribution systems. This would mean that the vehicles, components, and services would be sourced from India for assembly and application at an international scale.