Volvo Trucks is planning to increase its presence in Indian market as revival in mining and infrastructure sectors has spurred the demand for its premium trucks (400 HP and above).
The Indian subsidiary is gearing up to meet the growing demand in the core sectors. It is now confident of selling the next 5,000 trucks in three to four years.
Volvo got a major boost in Indian market after it entered into a joint venture agreement with Eicher and formed VE Commercial Vehicles Ltd in 2008. VECV is now the sole agency to market both Volvo and Eicher branded trucks in India, while Volvo India is the only a manufacturing unit having its factory at Hoskote near Bengaluru. Volvo was the first to introduce fully air-conditioned and crash-tested cabin in trucks and pioneered the driver training concept even before it rolled out its first truck in India.