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Volvo Buses diversifying in India

Volvo Buses India has announced that a foray into the consultancy services business expecting 50% of its revenues to come from engagements other than sales in 5 years. Mr Akash Passey MD of Volvo Buses said that Volvo Buses India sold 440 buses in the country in the calendar year 2008, up from 200 in the previous year. But for 2009, it is expecting a sales growth of 20%. Mr Passey said that the company expects soft offers consultancy services, activities pertaining to managing customers fleet and any engagement other than sales of buses to constitute 50% of its total annual revenues by the end of 5 years. He said that Volvo Buses is looking for partnerships and collaborations with civic and transport authorities to decongest cities, help create a more efficient system and take up projects to provide sustainable solutions customized for a city's transportation needs. Under this initiative, global Volvo experts would soon interact with Bangalore Metropolitan Transport Corporation.

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