BANGALORE Nov 15 Volvo AB, the
world's No.2 truck maker, expects its India engine plant to be
capable of exporting as much as 30 percent of its production,
Chief Executive Officer Olof Persson said.
Volvo, which operates in India alongside local partner
Eicher Motors Ltd, will ramp up its India engine plant
capacity to 100,000 units a year by 2016, he told reporters in
the southern Indian city of Bangalore on Wednesday.
Volvo and Eicher will invest $330 million in their 50-50
joining venture over the next two years, Eicher's head told
Reuters last week.
(Reporting by Harichandan Arakali; Editing by Ryan Woo)