10:27 PM
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Swedish Commercial Vehicle Makers Scania set up manufacturing facility in Narasapura Industrial Area, Bangalore. Scania planned to invest around Rs.150 Crore for this Phase-I Project.
This plant will serve as a Complete Knock Down (CKD) assembly unit for truck and bus chassis during phase 1 of operations.This plant will produce 2000 Heavy haulage trucks & 1000 Inter City buses and coaches within five years.Bus body building of city buses and coaches and service workshops for trucks and buses will also be part of this facility at a later point of time.
Due to new plant set up Scania will employ 800 people in this facility over the next five years. Scania had last year announced its plans for India and the growing importance of India for Scania globally. The investment in India is in line with this commitment towards this market.
Scania Managing Director - Henrik Fagrenius said:
“This investment furthers Scania’s committed to the Indian market and this is the right moment for us. With the commercial vehicles segment likely to register a higher volume growth of 8-10 per cent this year, the outlook for the industry is very promising.”
“Scania is also preparing to sell engines to its OEM customers. These engines are more compact, resulting in lesser fuel consumption, leading to lower emissions,”
Bus body-building and service workshops for trucks and buses will also be a part of this facility at a later point of time, the company said.
Posted in: Automobile Review
