vehicle maker Volvo is evaluating options to expand its Indian operations, including
joint venture options with local players, or the acquisition of an existing truck
manufacturing facility to drive in its recently acquired Japanese and Chinese
truck brands here.
plans to become a significant player in the two-lakh unit heavy-duty truck market,
according to managing director Eric Leblanc. The Swedish company is reported to
be in talks with various parties for joint ventures, alliances or even acquisitions
for expanding its trucks business in India.
August, it had made known its intentions its intention to secure a strategic partner
to enter into the high-volume, light commercial vehicle (LCV) business in India.(See:
Volvo may introduce Nissan trucks to India)
It is also
toying with the idea of bringing in the two acquired brands - Nissan Diesel from
Japan and DongFeng from China. Volvo at present sells off-road 25-49 tonne trucks,
in a niche of about 1,000 units per year in the 16 - 49 tonne market of two lakh
units per annum.
Swedish company is keen to expand its presence in India in the commercial vehicles
and the passenger car segments.
August it announced its plans to introduce two premium passenger car models, the
S80 sedan and the sport-utility vehicle XC90 by next month through its subsidiary,
Volvo Cars India. Both models will be available in petrol and diesel variants,
with a 3.2-litre and 4.4-litre engine for the petrol variant, and a 2.5-litre
engine in the diesel variant. (See: Volvo to
launch S80, XC90 in India in September 2007)