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Comprehensive foreign reports, at the New Delhi Motor Show in India, the Swedish car manufacturer Volvo said that in the next four years, Volvo parts purchases in India will increase to the current 4 to 5 times, the annual purchase amount from the current one billion US dollars Raise to 4 billion to 5 billion US dollars.
Volvo Group Alliance Office (Group Alliance Office) Chairman Bertil Thoren said Eicher and Volvo will strengthen cooperation and expand purchases of local parts in India. Bertil also serves on the board of directors of VE ComMErcial VehiCLes, a joint venture between Volvo and Eicher India.
To reduce costs, many global car companies plan to increase their spare parts purchases in India, such as General Motors and BMW. GM currently spends US$300 million annually on parts purchases in India and plans to triple its purchases in the next three to four years. BMW has recently set up a new global procurement office in India.