Volvo Trucks in India has secured an order for 125 trucks. It is the company’s largest order since being established in the country. Vijay Leasing Company in Hyderabad, India is the company purchasing 125 Volvo FM trucks. The trucks will be delivered in the summer of 2009 for use in coal and steel mines in southern India.
According to Mr Pär Östberg member of Volvo’s Group executive management and president of Trucks Asia, in Volvo Trucks’ full 10 year presence in India, this is the largest order ever and a milestone. There are a total of 5,500 Volvo trucks in India, which is the world’s fourth largest truck market. Mr Östberg said “In India, Volvo Trucks belongs to the premium segment and has secured a place as the leading manufacturer in terms of safety and environmental responsibility. We have a solid customer base, very strong customer relationships and the best aftermarket solutions.”
He is cautiously optimistic about the Indian truck market and views the order as a sign that the vehicle market in India may be on the rise. He said we are observing positive signs of a recovery regarding light trucks and buses. In terms of heavy trucks, the market is still declining but at a slower rate.