Potential Business Opportunities to Drive Volvo Group’s Profitability in India

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.

NBMCW December 2012

Click Here
To Know More / Contact The Manufacturer
Please provide your details we will contact you as soon as possible
Please let us know your name.
Invalid Input
Please let us know your Designation.
Invalid Input
Please let us know your City.
Please let us know your State.
Please let us know your Country.
Please let us know your Contact Number.
Please let us know your email address.
Please brief your query.

LINNHOFF and GMMCO Enter Exclusive Distribution Alliance

In a strategic marketing alliance, LINNHOFF India, a leading manufacturer of asphalt mixing, has formed a dealership alliance with GMMCO, a leader in infrastructure development. Under the partnership, GMMCO will undertake exclusive sales Read More ...

Volvo Trucks Command Center Preventing Downtime

The new centralized Volvo Trucks Uptime Center in Bangalore is rendering end-to-end services for ensuring higher availability of its trucks by reducing incidences of breakdowns. P.P. Basistha visits the state-of-the-art facility to see firsthand Read More ...

Cat launches financial arm in India; opens up business opportunities for customers

Caterpillar, a global major manufacturer of earthmoving equipment, is committed to offer financial and extended protection services and solutions to its customers. Towards this end, it has launched its financial arm in India – the company Read More ...

CTBUH India Challenges in Elevatoring in India

CTBUH India, the country chapter of CTBUH – a not-for-profit organization with headquarters in Shanghai, Venice, and Chicago, recently organized a conference on the challenges and opportunities of elevatoring in the Indian context Read More ...

DBIN Hosts Financiers Meet

The sale of Compact Construction Equipment is gaining momentum in India and, therefore, easy availability of financing options for customers is inevitable. Doosan Bobcat India (DBIN), the Indian subsidiary of the global leader in compact Read More ...

World of Concrete Asia 2019 unfolding new segmentation & participating brands

World of Concrete Asia - a leading concrete and masonry industry exhibition, will be held on December 11-13, 2019 in Shanghai New International Expo Center. The show will be visited by domestic and foreign contractors, subcontractors, real estate Read More ...

Conference on Technological Advances in Concrete Pavements & Bridges Organised by ICI (Hyderabad) Telangana Centre

Indian Concrete Institute (Hyd) Telangana Center had organized a one-day national conference on “Technological Advances in Concrete Pavements & Bridges” on 6 July 2019 at Hotel Best Western Ashoka, Hyderabad. It was inaugured Read More ...

CII Excon 2019 Biggest Festival of Construction Equipment Industry

The Confederation of Indian Industry (CII) has announced the 10th edition of EXCON - South Asia’s largest construction equipment trade fair, to be held in Bengaluru from December 10-14, 2019. The flagship initiative of CII in the construction Read More ...

Belt & Road Business Summit on Infrastructure and Construction Machinery organized by CCCME

CCCME's Belt & Road Business Summit held during CICEE exhibition in Changsha, was attended by senior officials from the embassies of the different countries in China. They discussed issues concerning infrastructure and construction Read More ...

Zoomlion Showcases 66 machines & Smart Technology

Zoomlion displayed its manufacturing strength, smart technology and 66 new 4.0 series products. The range included concrete machinery, cranes, earthmoving machinery, aerial work machinery, industrial vehicles, and its overseas Read More ...

Sany exhibits 68 new products, demonstrates Intelligent Manufacturing

Sany Group took "Smart Sany, Empowering the Future" as its theme and exhibited 68 sets of equipment, 90% of which were brand new. The company seized the opportunity to show its intellectualization and digital transformation with Read More ...

LiuGong Showcases 26 Machines

LiuGong's had a 26-machine line-up, covering mining, roads and highways, utilities, and logistics, among others, in 3000 m2 of space. The mining equipment included LiuGong's 890H with a wide body truck, DW90A, LiuGong 939E excavator Read More ...

SHANTUI Displays 8 New Products

Shantui brought 8 new high-quality equipment that showed the company's technological strengths, service ability, and product series. On display was the new generation of DH17C2 hydrostatic bulldozer, all-rounder SR22MA Read More ...

Sunward Lines up Innovative Products

Sunward Intelligent Equipment Group was a star attraction with its 30 products, pioneering innovations, and manufacturing prowess manifested through 20 years of constant R&D. Its 3,000m2 exhibition area showcased an excavator Read More ...

2019 Changsha International - Construction Equipment Exhibition

Du Jiahao, CPC Hunan Provincial Committee secretary and Hunan Provincial People's Congress Standing Committee director, announced the opening of CICEE 2019, which was held at the Changsha International Convention and Exhibition Read More ...

Manitou holds Intl' Dealer-Buyer Meet - Announces need-based solutions

French material handling equipment conglomerate, Manitou, recently organised a dealership and customer meet named 'Stronger Together' in Phuket, Thailand, which saw a congregation of close to 160 attendees from across the world. Read More ...
NBM&CW

New Building Material & Construction World

New Building Material & Construction World
MGS Architecture

Modern Green Structures & Architecture

Modern Green Structures & Architecture
L&ST

Lifting & Specialized Transport

Lifting & Specialized Transport
II&TW

Indian Infrastructure & Tenders Week

Indian Infrastructure & Tenders Week