Committed investment of Rs.80 billion for the group and Rs.18 billion for Volvo-Eicher joint venture planned in near future.

Potential Business Opportunities to Drive Volvo Group’s Profitability in India
Volvo group will look to encash potential business opportunities as part of its growth plan in India, stated Mr. Olof Persson, President and CEO Volvo group at a recent interactive meet with infrastructure industry representatives and media in Bangalore. The meet was also attended by Mr. Philippe Divry, MD, Volvo India pvt ltd & Senior Vice President, Truck Joint Ventures Volvo group, Mr. A.M. Muralidharan, President, Volvo Construction Equipment India along with Mr.S prabhakaran, Vice President, Industrial Marine and Power Systems, Volvo Penta, Mr. Vinod Aggarwal, CEO, Volvo Eicher Commercial Vehicles (VECV), Mr. A.K. Birla, Executive Vice President-Sales, Marketing and Aftermarket, Trucks Buses and Engines, VECV along with other senior officials from Volvo.

Potential Business Opportunities to Drive Volvo Group’s Profitability in India
Mentioning about the company’s future growth plan Mr. Persson says, “we have committed an investment of Rs.20 billion during the span of next five years for the entire group. While an allocation has been made for Rs.18 billion towards VECV joint venture. The former investment will be carried out to strengthen our business in construction and mining, trucks and buses whereas the later would be to strengthen our jv partnership with Eicher.” Providing details on the investment for strengthening the jv partnership with Eicher, Mr. Persson informed, “under the investment plan, we will set up a greenfield engine manufacturing at Pithampur near Eicher’s plant along with setting up a new bus body plant, paint shop and paint facility. The investment will strengthen product positioning of the entire range of Eicher’s hauler and tipper trucks.”

He added, “backed by the investment in the Eicher jv, we will look forward to expand our presence in light and medium capacity tipper trucks. Eicher’s market network in the country will be utilized to promote the same.”

Global Markets

Mr. Persson informed that, the new investments, which would enhance production capacity would enable the Volvo to make its presence in a bigger way in global markets involving Asia South East Asia and other potential markets, investment for production expansion through its own financial reserves.
Click Here
To Know More or to Contact the Manufacturer
Please let us know your name.
Invalid Input
Please let us know your Designation.
Please let us know your Contact Number.
Please let us know your email address.
Please brief your query.
Our other Value-Added Services:

To receive updates through e-mail on Products, New Technologies & Equipment, please select the Product Category(s) you are interested in and click 'Submit'. This will help you save time plus you will get the best price quotations from many manufacturers, which you can then evaluate and negotiate.

Invalid Input
Invalid Input
Invalid Input
As humanity reeled under the onslaught of Covid-19 and the resultant uncertainty, the world applauded the millions of essential services workers who toiled tirelessly at great risk to their personal health

Read more ...

Despite the pandemic, Changsha International Construction Equipment Exhibition (CICEE 2021) became a huge success with 1,450 exhibitors showcasing their products and technologies on an exhibit area

Read more ...

In an online event, GHH India along with its mining contracting subsidiary, GHH Bumi Mining Service, was awarded ‘Best Performing Business Partner’ by Vedanta Group/Hindustan Zinc Ltd (HZL)

Read more ...

In order to fully implement General Secretary Xi Jinping’s instruction on "building Hunan into a nationally advanced, important highland of manufacturing industry" during his inspection of the Hunan province

Read more ...

Over the years, the IEE Expo has positioned itself strongly as a networking and sourcing platform for elevator and escalator industry professionals, and where buyers can witness the latest technologies and conveniences

Read more ...

Government of India’s ambitious ₹111 lakh crore National Infrastructure Pipeline (NIP), which has already been announced and actioned upon, augurs very well for enabling sectors such as the Indian Construction Equipment

Read more ...

bauma CONEXPO INDIA - north India’s leading International Trade Fair for Construction Machinery, Building Material Machines, Mining Machines and Construction Vehicles - has been rescheduled from 3-6 November 2020

Read more ...

INTRALOGISTICA ITALIA is the only exhibition with a comprehensive offer dedicated to the most innovative solutions and integrated systems for industrial handling, warehouse management, materials storage and picking

Read more ...

The Indian Concrete Institute, Goa Centre, in association with Ultratech Cement Limited organized the 9th ICI-Ultratech Awards Nite on 19th February 2020 at Hotel Fidalgo, Panjim Goa. The annual event was attended by nearly 250 invitees

Read more ...

The Indian Concrete Institute in association with Dayananda Sagar College of Engineering organized a one-day seminar on Geopolymer Concrete Applications: Challenges and Opportunities. In this fast-developing world, it has become

Read more ...

Conexpo 2020 was held as scheduled on March 10, 2020 in Las Vegas, USA. Established Chinese construction equipment enterprises like XCMG, Zoomlion, Sany, LiuGong, Shantui, Sunward, and many more once again demonstrated the strength

Read more ...

Multiple construction and construction materials industry segments unveiled new technologies and products, shared knowledge, networked with industry peers and bought equipment at the CONEXPO-CON/AGG & IFPE 2020, held at the Las Vegas

Read more ...

In line with its strategy to enhance customer experience with minimal downtime of elevators & escalators, and for swift deliveries of spares, KONE has opened a new warehouse at Andheri in Mumbai that houses more than 2000

Read more ...

The 45th edition of World of Concrete for the concrete & masonry industries drew about 54,000 registered professionals to the Las Vegas Convention Center and featured 1,310 companies (including 255 brand new companies) exhibiting

Read more ...

Once a year, the specialist group meets in January to discuss operational issues and projects for the current year. In economic terms, the industry is still at the record level of 2018, and its sales in 2019 will match the previous

Read more ...

Mahendra Singhi (Managing Director & CEO – Dalmia Cement (Bharat) Limited) and Nilesh Narwekar (CEO – JSW Cement) have been elected as the Chair and Co-chair, respectively, of the GCCA India to provide strategic direction

Read more ...

The 2nd Edition of iCEMA Conclave organized by Indian Construction Equipment Manufacturers Association, deliberated on new avenues of construction equipment financing, challenges and measures. NBM&CW reports.

Read more ...

The Indian Concrete Institute, Goa Centre, organized a One Day Workshop on “Recent Advances in Waterproofing Technologies” on 16th January 2020 at Metropole Hall, Hotel Nanutel, Margao Goa, under the aegis of Indian Concrete Institute

Read more ...

At Greenbuild India hundreds of green building and sustainability professionals discussed LEED and green building practices that help deliver a more sustainable future. The U.S. Green Building Council (USGBC) held the third

Read more ...

The Construction Chemicals Manufacturers Association (CCMA) hosted the 7th edition of International Construction Chemicals Conference at Hotel Taj Lands End in Mumbai. The theme was “Role of construction chemicals in infrastructure

Read more ...

×
Sign-up for Free Subscription
'India Construction Week'
Weekly e-Newsletter on Construction Industry
Get the latest news, product launches, projects announced / awarded, government policies, investments, and expert views.