• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Export focus: The Director-General of SIAM, Mr Dilip Chenoy, with the Managing Director, Volvo India, Mr Eric Leblanc, at a seminar on `'Transport in Progress'', in the Capital on Monday. - Kamal Narang

Priyanka Vyas

New Delhi, Sept. 10 Volvo India Pvt Ltd plans to almost double its exports to other Asian countries.

“At present, we are exporting trucks to Korea, buses to Sri Lanka and Bangladesh. We are looking to export 2,000 units by next year,” Mr Eric Leblanc, Managing Director, Volvo India Pvt Ltd, told Business Line at the sid elines of a press interaction.

He, however, added that the increase in its exports would not require any capacity expansion. “We would operate the existing facility in a double shift, if required,” he said. “At present, the company is exporting 1,000 units and is manufacturing about 1,600 units of trucks and buses for the domestic market.

“But the current plant has a capacity to be scaled up to 4,000 units,” said a senior Volvo official.

Currently, the company is in the 25-49 tonnes heavy duty truck segment and intends to enter the 16-tonnes and above segment.

“We are a niche player and in order to increase our market share we want to foray into the commercial vehicles category. We are exploring all three options — joint ventures, technology sharing alliances with local partner or it could also be an acquisition,” said Mr Leblanc.

Commenting on its partnership with Nissan diesel trucks, Mr Leblanc said that the company was considering the tie-up for the Indian market.

Since Volvo India is currently manufacturing on its global platform, the company is looking for a partner to localise its products in an attempt to corner 25 per cent of the market share, he added.

More Stories on : Outlook | Exports & Imports | HCV/LCV/Tractors

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Kirloskar Bros investing Rs 150 cr for plant overhaul

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line