Volvo plans bus exports
The first bus made in the Indian facility will be unveiled later this year in Europe
Bengaluru: Swedish commercial vehicles major Volvo on Thursday said it plans to use India for exporting its buses manufactured in the country to developed markets in Europe. “We plan to use India for exporting our buses manufactured in India to developed markets in Europe,” Volvo Buses president Hakan Agnevall said.
The first bus made in the Indian facility will be unveiled later this year in Europe, he added. Mr Agnevall said that among leading players in the global bus market “the company’s Asia Leverage strategy aims to utilise its manufacturing presence in India and China to cater to demands also from other global markets.”
The inter-city coaches and city buses, at present, from the Indian facility are being exported to countries in South Asia and South Africa, he informed. To strengthen its manufacturing procedures, Volvo has invested an additional Rs 400 crore since 2011, Volvo Buses senior vice-president (Business Region International) Akash Passey said.