NEW DELHI (WION) – Indian VECV has bought the Volvo bus operations. They will cover the manufacture, assembly, distribution, and sale of the Volvo Buses in India, and other rights forming part of the business.

Commercial vehicle maker VECV on Thursday said that its has signed definitive agreements for the integration of Volvo Buses India business into VE Commercial Vehicles Limited (VECV), a subsidiary of Eicher Motors.

With this integration, VECV 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 Private Limited (VGIPL).

The transaction will be completed once the conditions under the agreements are fulfilled and the final business transfer is expected to be closed within the next two months.