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NEW DELHI SHOW: Volvo Trucks eyes $5bn local sourcing by 2015

The world's second biggest truck maker Volvo will increase component sourcing from India by five times to $5 billion by 2015, Bertil Thoren, president of the Volvo Group Alliance Office, said on Tuesday.

January 5, 2010

The world’s second biggest truck maker Volvo will increase component sourcing from India by five times to $5 billion by 2015, Bertil Thoren, president of the Volvo Group Alliance Office, said on Tuesday.

Currently, Volvo sources parts worth about US$1bn from India, Reuters reported.

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