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.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Auto Excellence Awards - The Benefits of Entering
Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!
Nominate Now
