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Volvo India to double exports to Asian markets
Volvo India is planning to double export of its heavy duty trucks to other Asian countries by 2009.Apnaloan.com Research Bureau
11 Sep 2007
Volvo India is planning to double export of its
heavy duty trucks to other Asian countries by 2009.
Media quoted Eric Leblanc, Managing Director,
Volvo India Pvt Ltd saying, "At present, we are exporting trucks to Korea, buses
to Sri Lanka and Bangladesh. We are looking to export 2,000 units by next
year."
The increase in exports would not require any
capacity expansion. "We would operate the existing facility in a double shift,
if required," he said. At present, the company is exporting 1,000 units and is
manufacturing about 1,600 units of trucks and buses for the domestic
market.
The company currently operates in the 25-49 tonnes
heavy duty truck segment and intends to enter the 16-tonnes
segment.