June 23, 2006
Truck Makers Outsourcing to India
European and American truck makers see India as an outsourcing hub. They are looking towards India to outsource their business operations. Recently, Volvo Trucks has set up a product development group in India. The main objective of Volvo is to support development activity in North America and Europe. It will outsource components worth 70 million euros this year. Volvo currently has 70 engineers working on chassis and cam development to support R&D centers in North America and Europe.
Another European truck maker, MAN has formed a joint venture partnership with Force Motors. The move will help the company to price its products competitively. The company will use the parts also in its German products. This will help to cut costs since two-thirds of the MAN truck is outsourced. American truck maker, Navistar is also looking to India. It has recently sent requests for quotations for components worth USD 160 million. Many more truck makers are exploring ways to outsource their business to India. They believe that outsourcing may help their business grow further.
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