Swedish commercial vehicles major Volvo on Monday announced consolidation of its bus business in India into a group company, Volvo India Private limited (VIPl) which is also responsible for manufacturing of Volvo trucks, among others. “With effect from December 31, 2015, Volvo Buses India has merged into the joint company of Volvo Group in India, namely VIPl,” the group said. VIPl Managing Director Kamal Bali said it's ‘quite natural’ for all businesses and brands of the group to be part of a unified legal organisation in order to harness synergies, competencies.