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Foreign automakers make India their export hub

Given the low-cost manufacturing edge and Make-in-India push, European firms are now looking at serving global markets from India

Swaraj Baggonkar  |  Mumbai 

India has become the first country in Asia to export two fully-built inter-city luxury buses to Europe, marking a dramatic shift in its manufacturing capabilities. Swedish auto major Volvo, which started operations in India through the import of a luxury bus from Hong Kong back in 2000, executed the shipment. Its Bengaluru-based plant is gearing up to undertake more of such orders, which is notable because its parent company has a plant in China, too. Following in Volvo’s footsteps is rival company Volkswagen-owned Scania, which has also set up a manufacturing facility in Karnataka ...

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First Published: Tue, March 29 2016. 00:26 IST
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