Volvo

Volvo Bus Buys Out JV

F Faisal Khan7 December, 2010 · 1 min read

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Volvo Bus India has increased its stake to 100% from the previous 70% by purchasing Azad Group’s stake in the company. The company expects to increase its revenue to $1 billion in the next five years driven by its luxury bus segment and exports. The Swedish bus maker expects 2010 revenue to be around Rs 500 crore.

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Volvo Bus Buys Out JV

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