Scania signs up with Larsen & Toubro of India
Scania and Larsen & Toubro Limited (L&T) have reached an understanding to distribute trucks on the Indian market. Scania enters the market by targeting the construction segments, where there is a strongly increasing demand for robust western European heavy trucks with a high technical content.
L&T is the leading supplier of construction equipment in India. Representing Komatsu products among others, the company has a strong sales and service network for construction equipment.“By adding Scania’s multi-wheeler construction trucks to its product portfolio, L&T can offer its mining and construction customers a full range of construction equipment,” said Scania’s President and CEO Leif Östling when he and L&T Chairman and Managing Director A.M. Naik met in Mumbai.“In a longer perspective India will become a significant market also for Scania, in pace with the steadily growing economy, the development of the export industry and continued expansion of the motorway and logistics infrastructures. We are now taking an important step into the market and we look forward to growing and extending our business together with L&T,” says Leif Östling.Larsen & Toubro Limited is the leading technology-driven engineering and construction organisation, and one of the largest companies in India’s private sector. It has additional interests in manufacturing, services and information technology. In the fiscal year 2005/2006, the company’s revenue totalled Rs. 151,986 million (€ 2,6 billion) and net income totalled Rs. 10,121 million (€. 170 million). The company was founded in Bombay (Mumbai) in 1938 by two Danish engineers, Henning Holck-Larsen and Søren Kristian Toubro - both of whom were strongly committed to developing India's engineering talent and enabling it to meet the demands of industry.For further information, please contact Hans-Åke Danielsson, Press Manager, tel. +46 553 856 62