Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
December 17, Sunday 2017 7:41 AM       

       HEADLINES: State home department a failure: Chennithala                                              It’s not an off-the-cuff decision: K M Mani                                              Kerala Congress M will seize to exist after next election                                              We don’t need opportunists in LDF: Kanam                                              Ockhi: Two more dead bodies found, death toll rises to 74                                              Sonia Gandhi turns nostalgic during her last speech as Cong chief                                              Guj polls: BJP will lose if EMVs don’t malfunction, says Hardik Patel                                              Bengaluru police say no to Sunny Leone's New Year bash                                              Rahul Gandhi will infuse new energy into Congress: Sachin Pilot                                              Rahul Gandhi takes over as Congress president                                              Al-Aqsa preacher slams Trump for recognising Jerusalem as Israel's capital                                              Toronto billionaire couple found dead at their home                                              2 people died as 6.5 magnitude earthquake hits Indonesian island                                              South Asian peace only if Pak 'miltablishment' stops support to Islamic terrorists                                              Agassi could prove to be good coach for Djokovic: Becker                                              Sindhu enters title round of Dubai Super Series Finals                                              Sania Mirza to give Australian Open a miss                                              ISL 2017/18: FC Goa outplay Delhi Dynamos to move into top spot                                              ISL: Kerala Blasters defeat 10-man NorthEast United by slender margin                                              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
Tata Motors to hike passenger  
Tata Motors to hike passenger vehicle prices by up to Rs. 25k  
Panasonic develops two-passenger automatic driving vehicle  
World's Fastest Cat goes head to head with Super Fast Car: Who won?  
Toyota, Suzuki finalise pact to launch EVs in India by 2020  
Electric vehicles way ahead for Smog-choked Delhi  
Piaggio to roll out new electric scooter 'Vespa Elettrica' in 2018  
Suzuki unveils new range with enhanced safety measures  
Yamaha unveils 'Motobot' motorcycle-riding robot  
Lutyens Motorrad launched as BMW Motorrad Partner in Delhi  
Hyundai rolls out Tucson with 4WD system at Rs 25.19 lakh  
Mercedes retains top slot in luxury segment in India  
Skoda unveils new SUV Kodiaq  
Mercedes launches Edition C priced at Rs 42.54 lakh  
Tata Motors launches compact SUV Nexon at Rs 5.87 lakh  
Renault unveils premium SUV Captur; launch likely before Diwali  
Datsun India launches redi-GO GOLD 1.0L at Rs. 3.69 lakh  
Jeep Compass bookings touch 10,000 mark  
Chinese passenger car now being manufactured in Pak  
Datsun India launches more powerful redi-GO 1.0L  
Ducati launches the all new Scrambler Desert Sled in India  
Hero MotoCorp phases out select models, variants  
Maruti overtakes Infosys, ONGC in market capitalisation  
GM to stop selling cars in India by 2017 end  
India eyes all-electric car fleet by 2030  
 
Do you support Adv Aloor's criticism that judges in lower courts lack guts?
Yes
 
No
 
No opinion
 
 
 
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