“We have started to focus on other growth areas like construction, irrigation, coal transportation, express cargo movement. We are trying to convince probable customers that if they start using these high-end trucks they can reduce their overall cost of ownership,” VE Commercial Vehicles (VECV) Managing Director and CEO, Vinod Aggarwal said during the online unveiling event of the new truck range.
Volvo Trucks India is a division of VECV.
“As of now the market is very small, but we expect that with more and more development of infrastructure, road network, there will be more focus on productivity, profitability and timeliness. Our trucks are meant for those types of high standards. We expect this market will start moving up and the potential for Volvo trucks would keep improving,” he stated.
Higher Cost
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Volvo Trucks cost over Rs 1 core and therefore the volumes are not quite big at the moment, Aggarwal said.
“We have around 85 per cent market share in the premium truck segment in the country... We expect the market size for this segment will keep going up because we are showing customers better profitability, productivity,” he added.
Volvo Trucks rolls out its product range from its factory at Hoskote, in Karnataka.
“Our trucks serve in some of the most demanding and time-critical applications and these new range of trucks are built to push the limits of productivity with a strong focus on improving the driver environment and safety. Backed by world class service, we now have a wider range of transport solutions to cater to the unique requirements of various applications in India,” Volvo Trucks India Senior Vice President B Dinakar noted.
The new truck range comes with more space, improved visibility, a new driver interface, enhanced safety and improved operational efficiency.
