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Volvo Group

HCL Technologies buys Volvo group's external IT business, inks IT pact

Sources said cumulatively, the transaction will bring in revenue upwards of USD 1.8 billion over the next five years to the Indian firm.

Feb 16, 2016, 17:09 PM IST

HCL Tech to buy Volvo's IT biz for $138 mn

HCL Technologies will buy Swedish commercial vehicles major Volvo Group's external IT business for USD 138 million (around Rs 895 crore) in an all cash deal.

Oct 20, 2015, 14:50 PM IST

Volvo Eicher eyes 15% share in Indian heavy duty trucks market

VE Commercial Vehicles, the 50:50 joint venture between Volvo Group and Eicher Motors, aims to have 15 percent domestic market share in the heavy duty trucks in the next three years.

Jan 20, 2015, 13:48 PM IST

Volvo India appoints Kamal Bali as Managing Director

Volvo India has appointed Kamal Bali as managing director with immediate effect.

Apr 29, 2014, 14:24 PM IST

Volvo slashes 2,000 jobs

The Volvo Group employs 112,000 worldwide, including 16,000 consultants and temporary workers.

Oct 25, 2013, 14:48 PM IST

Volvo announces $780 mn restructuring programme

Sweden's Volvo Group, the world's second biggest lorry manufacturer, announced today a 5 billion kronor (USD 780 million) restructuring plan over two years.

Sep 24, 2013, 23:50 PM IST

VECV to invest Rs 1,200 cr on expansion, new products by 2014

In the meantime, the Indian partner will be launching Eicher branded trucks, developed using technology of the Swedish firm by the end of this year.

Jan 20, 2013, 12:47 PM IST

Volvo plans to sell crash-proof cars which drive themselves by 2020

The company discussed its plans during a recent autonomous-driving event at a track in Hallered, Sweden.

Dec 05, 2012, 13:09 PM IST

Volvo draws up Rs 2,000 cr investment roadmap in India

Volvo Group plans to invest Rs 2,000 crore in India to expand its truck, bus and construction equipment business, its President and Chief Executive Officer Olof Persson said Thursday.

Nov 16, 2012, 00:22 AM IST

VE Commercial Vehicle sales decline 32% in September

The company, which is a joint venture between the Volvo Group and Eicher Motors, had sold 4,627 units in the same month last year.

Oct 01, 2012, 14:19 PM IST

VE Commercial Vehicle sales up 28% in October

VECV's domestic sales in October increased to 4,135 units from 3,070 units in the same month a year ago.

Nov 02, 2011, 13:48 PM IST