Scania to Start Bus and Coach Sales in India

  Scania to Start Bus and Coach Sales in India

Business Wire

SÖDERTÄLJE, Sweden -- January 31, 2013

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

Contact:

Hans-Åke Danielsson
Press Manager
tel. +46 8553856 62.
 
Press spacebar to pause and continue. Press esc to stop.