Swedish Firm Scania to Manufacture Vehicles Near Bangalore

Swedish commercial vehicle maker Scania is setting up a manufacturing plant near Bangalore with an investment of Rs 150 crore.

The plant, the Scania Regional Product Centre in Narasapura Industrial Area, will start production early next year, Managing Director of Scania Commercial Vehicles India Henrik Fagrenius said.

It will be the centre of the company's commercial operations in the country and employ about 800 people.

"Scania's ambition is to sell about 2,000 trucks, 1,000 buses and 1,500 engines per year in the Indian market within the next five years," Fagrenius said.

Scania set up the India unit last year.