Volvo Buses buys out Azad stake in JV

VOLVO BUSES INDIA has bought out the Azad Group’s share in its joint venture set up in 2008 to make buses for the Indian market. Volvo’s stake has now gone up from 70 percent to 100 percent.

20 Dec 2010 | 5165 Views | By Autocar Pro News Desk

VOLVO BUSES INDIA has bought out the Azad Group’s share in its joint venture set up in 2008 to make buses for the Indian market. Volvo’s stake has now gone up from 70 percent to 100 percent.

The company said it hopes this move will help it cater to increased ...

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