(Image source from: Volvo merges Indian bus operations with group arm Volvo India})

Volvo Group, Swedish auto giant, has merged Volvo Buses India (its Indian bus operations) with its group arm Volvo India Pvt. The merger came into effect form 31 December 2015. The move makes Bangalore-headquartered Volvo India comprise nearly every manufacturing and business areas. V. R.V. Sriprasad, managing director, would continue to head the Volvo Bus business in India.

As per the statement from the company, “Volvo Buses will continue to be responsible for its brand, market and business operations while leveraging the tremendous synergies and strength of the joint company.”

Commenting on the consolidation exercise, Volvo India Managing Director Kamal Bali said, “Given the circumstances, it is quite natural for all businesses and brands of the group to be part of a unified legal organisation in order to harness synergies, competencies, create greater efficiencies and responsiveness at the back-end, leading to better customer experience.”

It was even stated by him that Volvo Buses would continue a crucial role in safer and sustainable transportation in the Indian market. Volvo Buses India has been in the business of selling low floor diesel buses (A/C) in the country.

The three manufacturing facilities of the group are near Bangalore Volvo Trucks facility and Volvo & UD Bus factory in Hoskote and Volvo & SDLG Construction Equipment factory in Peenya Industrial Area.

-Sumana