Volvo Eicher Commercial Vehicles has entered right into a percent to gather the bus business of the Volvo Group India for approximately Rs. One hundred crore, Eicher Motors said.
The settlement will cowl manufacture and sale of Volvo buses in India and other rights forming elements of the business.
The bus manufacturing facility at Bengaluru and all employees of the Volvo Bus India may be transferred to Volvo Eicher Commercial Vehicles.
The bus commercial enterprise might be consolidated into a newly shaped department inside Volvo Eicher Commercial Vehicles.
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