Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
May 25, Thursday 2017 6:34 AM       

       HEADLINES: Thomas penned book without govt’s permission, says report                                              Ancheri Baby murder: Court asks Minister Mani to appear on June 7                                              CM supports Behera in paint controversy                                              There’s proof against Mani in bar bribery case, govt tells HC                                              UDF walkout over IAS officers rift                                              Bengal CPM seeks third term for Yechury                                              Pak court allows Indian woman to return home                                              UK terror attack: Prez for intensifying fight against terrorism                                              Nepal PM Pushpa Kamal Dahal 'Prachanda' resigns                                              Pak hangs two terrorists involved in Peshawar school massacre                                              IS kills five in first suicide attack in Somalia                                              Ashwin wins International Cricketer of the Year award                                              Kaumudi Facebook
       AUTOMOBILE Next Article: JLR launches Made-in-India Jaguar XF at Rs 47.50 lakh onwards  
       Volvo eyes long haul transportation segment in India
 
         Posted on :17:59:56 Feb 24, 2017
   
A A
       Last edited on:17:59:56 Feb 24, 2017
         Tags: Volvo, haul transportation segment, India
 

NEW DELHI: Swedish commercial vehicles major Volvo is eyeing long haul transportation segment in India with GST rollout expected to spur growth of the category.

The company, which makes premium trucks for specialised sectors like mining, buses and construction equipment, also aims to cut logistics cost by achieving greater efficiency and minimising wastage.

"With GST coming in and changes in taxation, there will be positive changes in the transport sector and we would like to play a role, for instance in the long haulage transport, which would be more effective now with cross-border traffic between various states," Volvo Group Chief Sustainability Officer and Chairman of the Board of Volvo India, Niklas Gustafsson told PTI.

Currently, he said, due to the long wait for commercial vehicles at state borders for paying entry taxes, it is not economically viable to operate such large long haul trucks.

The company believes it can be part of the solution for transporting goods over long distances, he added.

The GST would replace a plethora of cascading central, state, inter-state and local taxes with a single, nation-wide, value-added tax on goods and services. The government now expects to roll out GST by July 1 after revising its April 1, 2016, target.

Elaborating further on the company's roadmap, Volvo India Managing Director Kamal Bali said that so far, it only had presence in mining segment as far as its trucks were concerned.

"In mining sector, value proposition of Volvo trucks is very strong. Our efficiency and productivity was 30 per cent more than competition but when it came to long haul transportation due to interstate borders, the advantage disappeared because of the long wait at the borders."

With GST roll out round the corner promising seamless movement of trucks across state borders, Volvo trucks would be able to cover a lot of distance. "Today, trucks in India do an average of around 250 km daily and that can go up to as high as 800 kms. That is where Volvo technology will come into play," Bali said.

The company already has the trucks which can do long distance haulage of goods in the country, he added. "Besides, the next possible step in India is to check wastage..logistics cost in India is 13 per cent of the GDP which is very high. The global average is around 7-8 per cent so, I think efficiency will play a vital role," Gustafsson said.

Bali said the company is doing a lot of work in IT and technology area and big part of its vehicle engineering and design is happening at Bengaluru. "Also, Volvo group is sprucing up Eicher range in the heavy duty trucks segment..it's happening both ways -- the synergies between Eicher and Volvo group," he added.

Volvo Group has a joint venture with Eicher Motors in India -- VE Commercial Vehicles. When asked about the impact of demonetisation on the company, Bali said: "There was a temporary impact for 1-2 months but the trucking segment bounced back in January."

A A
       AUTOMOBILE
Next Article: JLR launches Made-in-India Jaguar XF at Rs 47.50 lakh onwards
 
 
AUTOMOBILE HEADLINES
GM to stop selling cars in India by 2017 end  
India eyes all-electric car fleet by 2030  
Honda Activa now world's largest selling two-wheeler  
Tata Safari Storme replaces Maruti Gypsy in Indian Armed Forces  
Made-in-India Jeep to hit market by June  
Tata Motors launches compact sedan Tigor in Rajasthan  
Maruti, Hyundai clock record yearly sales in 2016-17  
Nissan launches new version of Terrano  
Renault India sales up 26.8% in February at 11,198 units  
Volvo eyes long haul transportation segment in India  
JLR launches Made-in-India Jaguar XF at Rs 47.50 lakh onwards  
Ambassador brand now gets a new owner in Peugeot  
Car sales up 11%; passenger vehicles up 14% in Jan  
Delhi HC seeks Centre, AAP govt reply on plea against faulty CNG kits  
Mercedes hits currency recall speed bump, lowers sales target  
BMW to offer new version of i3 electric car in 2017  
Porsche launches Macan variant priced at Rs 76.84 lakh  
Mercedes launches two convertibles priced up to Rs 2.25 cr  
Toyota launches Fortuner variants priced up to Rs 31.12 lakh  
Maruti, Hyundai lead robust car sales in October  
Mahindra launches electric car 'e2oPlus'  
BMW launches 3 Series Gran Turismo priced up to Rs 47.5 lakh  
Honda,Yamaha explore collaboration for small scooters in Japan  
Hyundai recalls 7,657 units of small car Eon in India  
Maruti posts record sales in Sept as festive season begins  
 
Do you support girl's action against 'Swami', who allegedley abused her?
yes
 
no
 
don't know
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy