Volvo eyes long haul transportation segment in India

TIL Desk/Business/New Delhi-Swedish commercial vehicles major Volvo is eyeing long haul transportation segment in India with GST rollout expected to spur growth of the category. The company, which makes premium trucks for specialised sectors like mining, buses and construction equipment, also aims to cut logistics cost by achieving greater efficiency and minimising wastage.

“With GST coming in and changes in taxation, there will be positive changes in the transport sector and we would like to play a role, for instance in the long haulage transport, which would be more effective now with cross-border traffic between various states,” Volvo Group Chief Sustainability Officer and Chairman of the Board of Volvo India, Niklas Gustafsson told.

Currently, he said, due to the long wait for commercial vehicles at state borders for paying entry taxes, it is not economically viable to operate such large long haul trucks. The company believes it can be part of the solution for transporting goods over long distances, he added.