Volvo To Invest Rs 1,400 Cr At Hoskote

Bengaluru: Swedish-based bus and truck manufacturer Volvo has decided to expand its manufacturing plant in Hoskote near Bengaluru city and has announced an investment of Rs1,400 crore. An agreement to this effect was signed on Thursday in the presence of Chief Minister Siddaramaiah at his official residence ‘Kaveri’.

The process was completed in the presence of Minister for Large and Medium Industries M B Patil.

Principal Secretary of Industries Department Selvakumar and Managing Director of Volvo India Kamal Bali signed on the agreement during the Invest Karnataka-2025.

Siddaramaiah said on the occasion that Volvo came to the state 25 years ago, invested and started a change. Now Volvo is another name for high-quality buses in the country.

The Chief Minister assured Volvo of providing necessary facilities and assistance. In return the company should employ more Kannadigas.