GOTEBORG, Sweden, June 27, 2005 (PRIMEZONE) -- Volvo Buses is taking its next step in India on the city bus market, which is one of the world's largest. The company has received its first order for 25 city buses from Bangalore.
In just over three years, Volvo's intercity coaches have already captured the minds of Indian bus passengers. There are currently around 750 Volvo coaches on the roads between various cities in India and Bangladesh. Volvo has become the dominant maker of luxury intercity coaches, which has strengthened Volvo's brand. Passengers don't ask to buy a luxury ticket, they ask to buy a Volvo ticket. "India is fast becoming one of our key markets," says Rune Lundberg, Senior Vice-President Region International. "The country is already among Volvo Buses' top ten markets in the world."
This progress will be even stronger as the company is now entering the city bus market. This market has annual sales of 10,000-12,000 city buses each year. The first order is for 25 buses from the Bangalore Metropolitan Transport Corporation city bus operator. The buses will be delivered at the end of 2005 and start of 2006. The chassis is the Volvo B7RLE and will be assembled at Volvo's factory in Bangalore. It has a 7-litre engine that meets the Euro 3 emission regulations. The body is built on the same design as the Volvo 8700, which is currently used in Europe.
"Our intercity coaches have already changed the way people perceive luxury coaches in this country," says Akash Passey, head of Volvo Buses in India. ``Now Volvo city buses have the ability to do the same in Indian cities -- providing sustainable public transport solutions, that keeps pace with the rapid development and growth our cities face."
June 27 2005
For further information, please contact Akash Passey, head of Volvo Buses India, +91 98451 71949 or Per-Martin Johansson, Communications Officer/Media Relations +46 31 322 52 00
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Volvo Bus Corporation is the world's second-largest manufacturer of large buses and coaches. The range comprises complete vehicles, chassis, bus bodies, transport system solutions for metropolitan traffic, leasing, financing and service contract maintenance. Volvo Bus Corporation is part of the Volvo Group, one of the world's leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications, aerospace components and services. The Group also provides complete solutions for financing and service.
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