BUSMAKERS NEWS * WORLDWIDE
Bangalore,India -The Economic Times -31 Jan, 2012: -- Swedish commercial vehicle-maker Scania today announced that it will invest Rs 150 crore to set up a manufacturing facility in India in the next one year... The proposed plant in Bangalore will roll out 2,000 heavy haulage trucks and 1,000 inter-city buses and coaches over the next five years... With the Indian commercial vehicles segment likely to register a growth of 8-10 per cent this year, the outlook for the industry is very promising, he added... The company said it will invest Rs 150 crore in the coming year to set up the plant in Narasapura Industrial Area, Bangalore, and the first truck will be rolled out in 2013... Scania said it plans to produce around 2,000 heavy haulage trucks and 1,000 inter-city buses and coaches from this plant within five years... Once fully operational, the plant will employ up to 800 people over the next five years...
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