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27 July 2012 13:30 CET
Scania holds ground-breaking ceremony for its assembly plant for trucks and buses in India
Scania Commercial Vehicles India today laid the foundation stone for its new industrial plant in Narasapura, Bangalore, which will assemble trucks and buses for the Indian market.
The ground-breaking ceremony was held at the manufacturing site in Narasapura (20 km from Hosakote). The new plant will feature a completely knocked-down (CKD) assembly unit for truck and bus chassis, along with planned bodybuilding of city buses and coaches. The facility has been specially designed to be in line with the global standards of the Scania Group.
Henrik Fagrenius, Managing Director, Scania Commercial Vehicles India, laid the foundation stone for the new plant. Sivakumar Viswam, Director Sales, Suresh Ekambaram, Director After Sales and Stefan Wiklund, Director Finance were also part of the ground-breaking ceremony.
The new plant demonstrates Scania’s commitment to India. Scania plans to invest INR 2.5 billion (SEK 322 million) in the new production facility over the next year and will employ up to 800 people in this facility over the next five years. The CKD plant will be constructed on an area of about 140,000 m2, and the first rollout of trucks and buses is expected in early next year.
Henrik Fagrenius, Managing Director, Scania Commercial Vehicles India, said, “The ground-breaking ceremony signifies an important landmark for Scania in India. We aim to produce and sell 2,000 heavy trucks and 1,000 intercity buses and coaches per year within the next five years. With this new assembly unit in Bangalore, we are confident of meeting the requirements of our customers.”
Scania’s strategies for India are innovative, offering value through lower total cost of ownership for customers and bringing in the best products and services. The Narasapura manufacturing facility is expected to further boost the company’s sales and service offering, bring in a wider selection of models and shorten delivery times. Scania’s high service levels ensure high uptime and low operating cost for customers.
For further information, please contact:
Gunnar Boman, Corporate Relations, tel. +46 8 553 810 00
Henrik Fagrenius, Managing Director Scania Commercial Vehicles India (SCVI), tel. +46 8 553 810 00
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 2011, net sales totalled SEK 87.7 billion and net income amounted to SEK 9.4 billion. Scania press releases are available on www.scania.com.