Volvo Buses to diversify in India
Volvo Buses India has announced that a foray into the consultancy services business expecting 50% of its revenues to come from engagements other than sales in 5 years. According to MD of Volvo Buses, Volvo Buses India sold 440 buses in the country in 2008,compared to 200 in the previous year. But for 2009, it is expecting a sales growth of 20%. He also added that the company expects soft offers consultancy services, activities pertaining to managing customers fleet and any engagement other than sales of buses to constitute 50% of its total annual revenues in the next 4 - 5 5 years.
Volvo Buses is looking for partnerships and collaborations with civic and transport authorities to decongest cities, help create a more efficient system and take up projects to provide sustainable solutions customized for a city's transportation needs. Under this initiative, global Volvo experts would soon interact with Bangalore Metropolitan Transport Corporation.
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