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13.6.14

BUS MARKET * India: Daimler´s & Volvo's

* Tamil Nadu / India - Global biggies line up for Indian bus market

(Photo: In 2008, Volvo Buses in India inaugurated its Complete Bus Factory at Hosakote near Bangalore) Chennai,Tamil Nadu,India -The Times of India, by Rajesh Chandramouli -Jun 10, 2014: ... Transnational truck makers Daimler and Volvo are readying their product arsenal to include fully-built buses for India while more companies may join the segment, creating a buzz around buses... The Indian bus market, according to Daimler, is 40,000 units a year. And it is expected to double in a decade, making it the second largest behind China...  German giant, Daimler's Indian arm, Daimler India Commercial Vehicles, which is potentially financially sick, has announced an investment of Rs 425 crore in the bus-making unit in Oragadam near Chennai. The first buses are expected to roll out in the second quarter of 2015... Sweden's Volvo has announced the introduction of a UD bus range developed specifically for growth markets... In the 2013 calendar year, the market for heavy duty buses was 24,500 units, Volvo said. It expects this market to fall by 5-10% this year... Volvo Group has announced its plans to foray into the value segment (which is the upper end of the medium segment) of the bus market in India with the UD buses brand...

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