Volvo

Volvo Buses India bags largest-ever order for 200 buses from MSRTC

Volvo Buses India on Wednesday said it has secured an order from the Maharashtra State Transport Corporation (MSRTC) to supply 200 buses, including 30 sleeper buses. The order is the single-largest for Volvo Buses in India and marks a significant commitment to strengthening premium intercity public transportation in the state, the company said. "This landmark order reflects our shared commitment to elevating travel and making premium passenger experiences more accessible for the citizens of Maharashtra," said Suresh Chettiar, Executive Vice President, Bus Division, VE Commercial Vehicles Ltd. The order comprises 170 seater buses and 30 sleeper buses, the company said. Manufactured at the company's Hoskote facilities, the Volvo 9600 is available in both seater and sleeper configurations, it said.

Shipping disruptions may make price hikes inevitable: Volvo Cars India MD

Volvo Cars India may raise vehicle prices as geopolitical disruptions push up shipping costs and delay components, even as the carmaker launches its flagship EX90 electric SUV.

Volvo Car India drops 2030 electric-only target, recalibrates EV roadmap

The carmaker has shifted to a market-led EV strategy without fixed timelines, even as electric vehicles account for 25 per cent of its India sales and new models are planned for 2026

Eicher Motors subsidiary VE Commercial Vehicles gets ₹192 cr GST notice

Eicher Motors Ltd on Tuesday said its subsidiary VE Commercial Vehicles Ltd has received a GST demand of Rs 192.36 crore, along with a penalty, in a matter related to delay in reporting credit notes for the financial year 2017-18 . In July this year VE Commercial Vehicles Ltd (VECV) received Show Cause Notice (SCN) from the Commissioner, CGST & Central Excise, Ujjain Commissionerate, Madhya Pradesh alleging contraventions of the provisions of CGST Act, 2017 pertaining to FY 2017-18 and involving GST amount of Rs 168.19 crore and equivalent amount of penalty, Eicher Motors said in a regulatory filing. After VECV had submitted a response to the SCN, the company received a demand order on December 29, 2025 confirming demand of Rs 96.18 crore in the matter as against Rs 168.19 crore mentioned earlier under the SCN and equivalent amount of penalty and applicable interest, it added. "Based on the assessment of this matter and advice of the counsel, VE Commercial Vehicles Ltd believes ..

VECV to invest ₹544 crore in new automated manual transmissions plant

VE Commercial Vehicles, a joint venture between the Volvo Group and Eicher Motors, announced on Thursday an investment of Rs 544 crore to set up a production facility for Volvo Group's 12-speed automated manual transmissions. The greenfield factory will be established at Vikram Udyogpuri Integrated Industrial Township, near Ujjain, Madhya Pradesh, the company said in a statement. The investment in automated manual transmission (AMT) production will cater to the needs of Eicher heavy-duty truck customers in India and the Volvo Group in India and select markets in the Asia-Oceania region, it added. As the global manufacturing hub for Volvo Group's 5 & 8 Litre (MDEP) engines since 2013, VECV's Pithampur factory has been a pioneer in making in India for the world, the company said. "The new investment to assemble and produce the Volvo Group AMT is built on the bedrock of this trust and technical capability. It marks another significant step towards our vision of becoming a leading CV .

Swedish car giant Volvo Cars India expects modest sales growth this year

Volvo Cars India anticipates flat sales growth in 2025 due to a combination of macroeconomic challenges and forex fluctuations but remains optimistic about 2026 and 2027

Ericsson, Airtel, Volvo partner to research 5G digital twin tech, AI

The research engagement, to be conducted at the Volvo Group Factory and Volvo Group's research and development centre in Bangalore, will explore industrial metaverse applications

Luxury car market may double by 2030: Volvo Cars India MD Jyoti Malhotra

Considering what we have in the Indian market, Volvo is very competitively placed. We are performing quite well in different segments, Malhotra said

Volvo to set up 4th global manufacturing hub in Hosakote with Rs 1,400 cr

The new facility is expected to create over 2,000 direct jobs, significantly boost exports, and enhance India's position in the global supply chain

Plan for Mexico truck factory ongoing despite US tariff threat: Volvo CEO

The maker of Volvo and Mack semi-trucks has targeted growth in North America, which accounts for about 30 per cent of company revenue

Needs to step up manufacturing to meet 'Viksit Bharat' goal: Volvo India MD

The manufacturing sector is a weak link for India to meet its goal of Viksit Bharat, and it needs to increase its contribution to the GDP to 25 per cent if the country has to achieve its target of becoming a developed nation by 2047, Volvo Group India Managing Director and President Kamal Bali said on Tuesday. Speaking at a symposium organised by the Indian Foundation for Quality Management, he said the country needs to cash in on the opportunity of USD 3 trillion worth of manufacturing shifting from "our neighbour to other geographies" by focusing on quality. "If we have to become Viksit Bharat, manufacturing clearly will have to really fire on all cylinders. Currently, our manufacturing is the weak link," Bali said. For the last 20 to 25 years, manufacturing continues to be 15 to 16 per cent of India's GDP, he added. "Successive governments and various leaders have tried it, but the needle hasn't moved much. So, this has to change," Bali asserted. Citing examples of countries l

Volvo leads 50 companies urging EU to stick to combustion-engine ban

The 2035 target is crucial to align all stakeholders on this journey and ensure European competitiveness

Swedish automaker Volvo Cars slashes its margin and revenue ambitions

Volvo Cars, which is majority-owned by China's Geely, lowered its target for operating profit margin

Volvo to launch long-range variant of FH Electric truck with 600-km range

The new model, expected to hit the market in the second half of 2025, caters to customers requiring longer hauls by maximizing battery space while improving the truck's software

Volvo's Q2 EBIT beats estimates, but cuts full-year forecast citing tariffs

Volvo Cars produced 211,900 cars in the second quarter, more than they sold, as demand for electric cars in Europe has dropped.

Truckmaker Volvo beats profit expectations but says demand is easing

Volvo said profit margins were squeezed by lower sales volumes and increased investment in research and development

Tesla's best-selling Model Y for 1st time on Chinese govt purchase list

China's eastern Jiangsu provincial government published 56 batches of new energy vehicle procurements for use as service cars by party

Planning to double market share in country, says Volvo CE India MD

Volvo CE India, a subsidiary of the Swedish Volvo group, aims to double market share in the segments it operates in the country, a top company official said on Wednesday. "We are present in 40 per cent of the earth moving and construction equipment (CE) segment in India. The company has a market share of 6.5 per cent and we plan to double this in the coming years, Managing Director Dimitrov Krishnan said here. Krishnan was speaking to reporters on the sidelines of the launch of its 20-tonne class hydraulic excavator. He said the CE sector in India is growing fast with the development of infrastructure. Quoting figures compiled by the Indian Construction Equipment Manufacturers' Association (ICEMA), Krishnan said in 2023-24, the size of the CE industry in India in volume terms was 1,36,000 units with a value of around Rs 85,000 crore. "This, according to ICEMA, is going to double by 2030, he said. Krishnan said India's CE market is the most competitive with the presence of several

Volvo to issue world's first EV battery passport ahead of EU regulations

Volvo owners can access a simplified version of the passport using a QR code on the inside of the driver's door

VE Commercial Vehicles total sales decline 18.1% to 5,377 units April

Eicher Motors Ltd on Wednesday said its arm VE Commercial Vehicles Ltd posted an 18.1 per cent year-on-year decline in total sales to 5,377 units in April 2024. VE Commercial Vehicles (VECV) -- a joint venture of the Volvo Group and Eicher Motors -- sold 6,567 units in April 2023, Eicher Motors said in a regulatory filing. April 2024 sales included 5,254 units of the Eicher brand and 123 units of the Volvo label, it added. In the domestic commercial vehicles market, Eicher branded trucks and buses recorded sales of 4,898 units last month compared to 6,142 units in April 2023. Exports of Eicher branded trucks and buses rose 38.5 per cent to 356 units compared to 257 units in April 2023, it added.