Volvo signs letter of intent with Indian vehicle manufacturer Eicher Motors

In December, The Volvo Group signed a letter of intent with the Indian vehicle manufacturer Eicher Motors Limited regarding the establishment of a new Indian joint-venture company. According to the letter of intent, the joint-venture company will hold Eicher Motors Limited’s entire truck and bus operations and the Volvo Group’s Indian sales operations within trucks. “The Indian market for heavy trucks is the fourth largest in the world and it is strategically highly important for the Volvo Group to have a presence and to offer Indian customers products that are specially adapted to their market and needs,” says Volvo CEO Leif Johansson.  
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