Agreements have been signed for the integration of Volvo Buses India business into VECV. They will cover the manufacture, assembly, distribution, and sale of the Volvo Buses in India, and other rights forming part of the business. Consequently, the bus manufacturing facility at Hosakote, Bengaluru, and all employees of Volvo Bus India (VBI) will be transferred to VECV. Volvo Bus India is currently a division of Volvo Group India (VGIPL).
Shaw Contract, the global commercial division of the US-based Shaw Industries Group Inc., has launched the first-of-its-kind India In Stock Program. The new initiative is designed to hold ready inventory so that India-based customers can explore a wide variety of Shaw Contract’s product collections and crunch the time needed to meet the rapid timelines of the Indian market.