Volvo Group to invest ₹1,400 crore to expand footprint in Karnataka

The company expects that this investment would create over 2,000 direct jobs.

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 the agreement during the Invest Karnataka-2025 summit.

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.