Scania to invest $30 mln in India plant-exec

Newswire

BANGALORE, Jan 31 (Reuters) - Swedish truckmaker Scania will invest an initial 1.5 billion rupees ($30.1 million) in an assembly plant in southern Bangalore city for on-road vehicles, the head of the company's Indian unit said on Tuesday. The company, which entered India in 2007 with heavy-duty off-road vehicles, targets sales of 2,000 trucks over the next five years in India, Henrik Fagrenius, managing director of Scania Commercial Vehicles India said. Sales of commercial vehicles in India ...

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