Volvo sees rising competition in luxury bus segment

Last month, Volvo AB Chief Executive Olof Pearson announced an investment of Rs 2,000 crore (Rs 20 billion) for its bus division in India. Pearson had enough reasons to be pleased with his top team......

Eicher Motors' CEO on the Volvo deal

The story of the Eicher group, promoted by the Delhi-based Lal family, may some day make a case study, not least for its agility in coping with the changing reality of doing business in India. In......

Daimler, Munjals to tie up for CVs

German auto maker Daimler Trucks has zeroed in on the Munjals of Hero Honda for a joint venture to make commercial vehicles in India. The announcement is expected before Christmas. According to......

GM to source auto parts worth $1 billion from Indi

General Motors Corp. plans to source $1 billion worth of automobile parts from India each year by 2008 as part of cost-cutting measure at the world's biggest automaker, a senior executive at its......