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.
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