Volvo is continuing to renew its thrust on the construction segment with the introduction of a new truck.
Having entered the construction segment in India last year with the introduction of FMX 460 with 22 cu. m. body, FMX 460 with 33 cu. m. body, FM 440 prime mover with tip trailer, and FM 460 6x4 puller, Volvo Trucks has renewed its thrust by launching a new FM 380 8x4 truck. Commanding close to 90 per cent of the heavy-duty mining truck segment, the company, with the launch of the FM 380 8x4 is looking at redefining the Indian construction segment. Betting on the government push for infrastructure, basis the economic reforms like GST, the Swedish CV major is tapping into its experience and expertise. Well-verse with the global trends and practices because of its participation in most global construction and mining truck markets, Volvo is also applying its understanding of the Indian market where it has been present since 1996. Entering the Indian market in 1996, Volvo has come a long way in understanding the local market dynamics with the help of its distrubutor and partner (at the truck and engine level) Eicher. With highway construction projects rising 70 per cent to an all-time annual high of 7,400 km (valued at Rs.1.2 trillion) in FY2017-18 when compared to projects worth 4,300 km (valued at Rs.59,000 crore) in FY2016-17, the company has equipped the new FM 380 8x4 with a BSIV emission compliant 13-litre engine and an I-Shift auto transmission with 12 forward and four-reverse gears.
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