In what is looked upon as an interesting development, Volvo Cars and the Volvo Group are said to have entered into an arrangement to assemble Volvo cars in India at Volvo Group’s CV plant at Hosakote, Bangalore. The arrangement will enable the Swedish luxury car maker to avail of lower duties. The first car, the XC90 SUV, is expected to[Read More…]
Shriram Automall India Limited (SAMIL) has inaugurated its 68th facility at Hosur. Spread over four acres of land, the facility will cater to commercial vehicle sellers and buyers in the region. To hold live bidding events, the Hosur facility is sixth such establishment in Tamil Nadu by SAMIL. On the first day of operation, 150 vehicles and construction equipment were[Read More…]
Tata Technologies has acquired Gothenburg-based Escenda Engineering in a bid to enhance its scale and service offering in Sweden, and in other regions of Europe. A wholly owned subsidiary of Tata Technologies Europe, Escenda Engineering will continue to have the same management team and full workforce. Following a recent investment worth US$ 26 million in the development of new European[Read More…]
MAN Trucks India rolled out the 25,001st truck from the Pithampur facility recently. Present in India since 2006, the company, a wholly owned subsidiary of MAN Truck & Bus AG, Germany, delivered the new CLA Evo range of trucks to customers at Pithampur. Launched at Bauma Conexpo 2016, the CLA Evo range builds upon the CLA range of trucks the[Read More…]
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