Volvo CE to enhance product localisation

11 Jul 2022 CW Team

Volvo Construction Equipment (Volvo CE) intends to enhance its localisation efforts and expects to grow its revenue by two and half times in the next four to six years. The company’s current annual turnover from the Indian market is estimated to be close to Rs 2,000 crore.

“Volvo CE is gaining market shares on a year-to-date basis and has gained roughly half a per cent market share in the country. We aim to grow (our revenues) by two and a half to three times in the next four years in India,” said Dimitrov Krishnan, Head of Region India, Volvo CE.

It is also looking forward to a few localisation projects for India in the coming years, “we are working towards an ambitious target of 85% product localisation to be achieved by 2025,” said Krishnan. At present, it manufactures four product lines in India.

Also, to enhance the company’s existing range of excavators in India, Volvo launched EC550E crawler excavator in the Indian market for the first time in Bengaluru. Compared to the conventional system, the new product promises to boost productivity by up to 35% and enhance fuel efficiency by 22%.

Volvo CE India also said that it has 19 Indian and four international dealerships. Most of their long-standing partners would be responsible for the newly launched Volvo EC550E and would offer complete sales and service offerings.

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..