Volvo Group surpasses sales expectations with an 18% revenue increase in Q2, totaling 140.8 billion kronor, but faces a decline in orders for new vehicles and falls short of profit expectations. The company attributes the decline in orders to caution among customers and restrictions on order placement. Additionally, Volvo Group, like the rest of the auto industry, continues to grapple with the impact of semiconductor shortages.
India’s exports of medium and heavy-duty trucks rose 25% in FY17 to 43,719 units, helping manufacturers offset the revenue impact of tepid sales growth at home.
As a pilot project, the corporation would run one Volvo bus on public-private partnership (PPP) model. After witnessing the response 30 more buses are expected to be launched for tourists.
The bus body in all Volvo buses in India is 100 percent localised. The engines in the new range comply with BS-IV emission norms that come into effect in April 2017.
Sales-Lentz was the first company to buy Volvo Hybrids in Europe as early as in 2009. Today, they have 24 Volvo hybrids and 12 Volvo electric hybrids in their fleet.
Volvo takes full responsibility for vehicle servicing, battery maintenance as well as maintenance of the standard-based charging stations for a fixed monthly cost. Traffic start is planned towards the end of 2016.
The order from VRL includes a mix of the Volvo 9400XL and Volvo 9400PX multi-axle models with I-Shift
VRV Sriprasad will continue to lead the Volvo Bus business in India
The hybrid buses that Volvo will introduce in India, will be manufactured in the company’s facility in Bangalore
In a meeting with CM Harish Rawat on Monday, the head of Volvo India agreed to customize small size Volvo buses, which were suitable for use on hill routes (which see a number of accidents) specifically for Uttarakhand
The first bus made in the Indian facility, in Bangalore, will be unveiled later this year in Europe. The company will gradually scale up exports from India to cater to more and more markets in the future.
In June this year, Puducherry and Solapur became two new cities to opt for Volvo 8400 city buses, while Kolkata augmented its existing fleet of Volvo city buses. With this, the presence of Volvo in the high-performance city bus segment in India expands to 15 cities.
V R V Sriprasad, one of the key persons behind establishing the Bharat Benz brand in India is shifting to Volvo's India subsidiary as the managing director of the company. ET learns, the announcement to be made in the coming days.
Volvo’s decision to team-up with Bangalore-based co to launch new range of buses last week put spotlight on a Rs 200 cr group that claims to be a leading player in India's bus-making industry.
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