View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Uncategorized
July 9, 2009updated 12 Apr 2017 4:35pm

Volvo makes record sale to Indian truck lessor

Volvo Trucks has sold 125 vehicles to the Hyderabad-based Vijay Leasing Company, in the biggest order secured since Volvo opened for business in India in 1999 India, the worlds fourth largest truck market, is already home to some 5,500 Volvo trucks, and is a common resale destination for vehicles at end-of-lease in Europe.

By Fred Crawley

Volvo Trucks has sold 125 vehicles to the Hyderabad-based Vijay Leasing Company, in the biggest order secured since Volvo opened for business in India in 1999.

India, the world’s fourth largest truck market, is already home to some 5,500 Volvo trucks, and is a common resale destination for vehicles at end-of-lease in Europe.

“We are observing positive signs of a recovery regarding light trucks and buses. In terms of heavy trucks, the market is still declining but at a slower rate,” said Volvo’s president of Trucks Asia, Par Ostberg.

The FM trucks will be delivered over the summer of this year, for use in coal and steel mining. They will join Vijay’s fleet of 108 Volvo trucks.

Fred Crawley

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The leasing industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Leasing Life