Delhi: Swedish truck and bus maker Volvo AB has clarified
its intention to secure a strategic partner to foray into
the high-volume, light commercial vehicle (LCV) business
in India. According to sources, it is also considering
launching Nissan Diesel products here.
had acquired a stake in Nissan Diesel last year and is
reported to be interested in a partner in India to facilitate
greater volumes in the local market in a shorter time
Volvo has a niche presence in the country, selling around
1,000 vehicles in the truck market sized at 2,00,000.
recently announced a joint venture with Jaico for building
bus bodies, and is using India as a base for sourcing
IT and product development services, along with components
for global products.
Diesel ranks at number four in Japan as a manufacturer
of heavy and medium-heavy trucks, buses, diesel engines
and spare parts.