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Swedish multinational AB Volvo wants to give a big push to its operations in India. The company aims to have about 20 per cent of its total sales by the year 2010, and sees India and China as central to this strategy. The $29-billion company, which has a presence in trucks, buses, construction equipment, and diesel engines, is keen to expand in base in India. Leif Johansso President and CEO, Volvo, said that, although he was pleased with the progress in India, there was scope for more, and that the company would look out for suitable acquisitions to further their interests in Asia. The company, whose entire business revolves around diesel engines, is committing record investments to develop newer products, and widen its range in order to service the different growing markets in Asia.
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| Posted : 9/1/2005 |
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