Leading automobile manufacturer Volvo Group on 5 January 2016 announced the merger of its bus manufacturing arm Volvo Buses India and joint company Volvo India Pvt Ltd (VIPL).
The consolidation has come into effect from 31 December 2015.
Volvo Group in India includes multiple business areas and brands such as Volvo Buses, Volvo Penta Engines, Volvo Construction Equipment, UD Buses, Volvo Trucks, Eicher Trucks and Buses.
VRV Sriprasad will continue to lead the Volvo Bus business in India. He will report to Akash Passey, Senior Vice President at the Volvo Bus Corporation.
VIPL, headquartered in Bengaluru, has three manufacturing facilities near the city: Volvo Trucks facility and Volvo & UD Bus factory in Hosakote and Volvo & SDLG Construction Equipment factory in Peenya Industrial Area.
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