GREATER NOIDA: Swedish commercial vehicle and engine manufacturer Scania today said that it will double the production capacity at its Karnataka-based plant to meet sales expectations.
Besides, the company is aiming to increase market share in the luxury segment and is looking at the development of infrastructure as a “positive integers” for volume growth here.
“We now have a production capacity of 2,500 trucks and 1,000 buses and that is to be doubled in 2020. That is our long-term strategy for the Indian market,” said Scania India Business Unit Managing Director Mikael Benje.
He further added: “We have potential to take some more market share. That’s why we are ramping up our production.”
However, Benje declined to share the Scania’s investment on expansion of its Achatnahalli, Karnataka plant.
“We would invest continuously. Whatever would be necessary for the market, we would invest to meet the supply and demand,” he said.
In next five years, Scania will also expand its employee pool to 1,200 people at this facility.
Till now, the company has invested Rs 300 crore.
Scania, which today unveiled its Citywide bus, which can run on fossil fuels as well as on renewable fuels like bio-ethanol, bio-diesel, bio-methane, is also sensing a good opportunity in the government’s plan to develop smart cities by providing green transport solutions.
“We are going to have collaboration with the state governments. We would talk as how they can have right infrastructure with different right kind of fuels. Different cities has different demands,” Benje said. (AGENCIES)
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