Volvo aims 25% growths in bus sales this year | business | Hindustan Times
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Volvo aims 25% growths in bus sales this year

Swedish commercial vehicles major Volvo is eyeing a 25 per cent increase in bus sales in India on the back of institutional purchases, specially orders coming from states after the government's stimulus package.

business Updated: Apr 12, 2009 09:32 IST

Swedish commercial vehicles major Volvo is eyeing a 25 per cent increase in bus sales in India on the back of institutional purchases, specially orders coming from states after the government's stimulus package.

"For the industry as a whole, private bus operator market is badly affected by the current economic scenario. Business is coming mainly from institutional purchase and the state government orders under the JNNURM. As far as we are concerned, we expect our bus sales to go up 25 per cent this year," Volvo Buses India Pvt Ltd MD Akash Passey told PTI.

He said last year the company sold over 420 units of buses.

"Already we have a couple of hundred orders from the state governments. Our order book is looking good, not only from JNNURM (Jawaharlal Nehru National Urban Renewal Mission) but also from private operators," Passey said.

He, however, said the June deadline for delivery of buses is going to be difficult to be met as orders are still coming in from different state governments.