SÖDERTÄLJE, Sweden--(BUSINESS WIRE)-- Regulatory News:
Scania (STO:SCVA)(STO:SCVB) will enter the Indian bus and coach market for the first time when Busworld India ― a trade fair focused on developments in the Indian bus industry ― opens its doors on 1 February 2013 in Mumbai. Scania Metrolink, a complete new range of buses and coaches for intercity and tourist services, will be launched at the fair. The Scania Metrolink for the Indian market will be manufactured at Scania’s industrial facility in Bengaluru.
Information about the new range of buses and coaches and about Scania’s investment in the Indian bus and truck market is available on www.scania.com/media/busworld
Scania has been represented in the Indian market since 2007, when a partnership was initiated with Larsen & Toubro (L&T) for sales of trucks to the mining industry. In 2011, Scania established its own company inIndiain order to boost its presence in additional segments of the Indian commercial vehicle market. In late 2012, a range of trucks for heavy road haulage was launched.
In 2012, the company also began construction an industrial facility ― the Scania Regional Product Centre ― in an industrial area about 40 km east of Bengaluru, the capital of Karnataka state. Scania is investing a total of about SEK 300 m. in the facility, which will also be the centre of the company’s commercial operations in the country.
The industrial operations will consist of final assembly of truck and bus chassis as well as bodywork and fitting out of complete vehicles. The head office of Scania’s Indian company, complete with a service workshop and a central parts warehouse, is also being built at the same site.
Scania is one of the world’s leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. Service-related products account for a growing proportion of the company’s operations, assuring Scania customers of cost-effective transport solutions and maximum uptime Scania also offers financial services. Employing some 37,500 people, the company operates in about 100 countries. Research and development activities are concentrated in Sweden, while production takes place in Europe and South America, with facilities for global interchange of both components and complete vehicles. In 2012, net sales totalled SEK 79.6 billion and net income amounted to SEK 6.6 billion. Scania press releases are available on www.scania.com
This information was brought to you by Cision http://www.cisionwire.com
tel. +46 8 553 856 62.