Volvo Eyes Construction Segment

After establishing a strong hold in the premium mining tipper segment, Volvo Trucks has turned its attention to construction trucks.

- Anirudh Raheja

Much water has flown under the bridge after Volvo Trucks entered India in 1996. Continuing to operate in the premium trucking segment in India claimed to account for three to four per cent of the total market in India, Volvo Trucks has come to enjoy a strong hold in the premium heavy mining tipper segment. With the truck market estimated to be 500,000 units per year, Volvo Trucks, offering innovative solutions like 10x4 dump trucks to help mining contractors to tackle rising pressures on margins, is looking at construction trucks.With almost 90 per cent of its market share coming from the mining segment, Volvo Trucks has majority of its resources in India aimed at the mining segment. With the infra sector in India showing signs of accelerating amid government announcement to invest historically high sums, Volvo Trucks’ attention to construction trucks could not have come at a better time. With India over the next three years expected to spend up to Rs.25 trillion towards power generation and distribution, roads and urban infra projects, the Swedish major is looking at good growth. While 70 per cent of the Rs.25 trillion is expected to drive the above mentioned developments, 20 per cent of the sum will go into the development of 27 industrial clusters. A sum of Rupees-five trillion is earmarked for the development of rail and port connectivity.