Volvo sees growth for truck segment in India

This year we expect very flat growth although we don8217;t expect negative trend. This is despite the fact that the heavy duty truck market in India has declined by 50 per cent in first five months,8221; Somnath Bhattacharjee,President,Volvo Trucks India,said.

Bhattacharjee,who was in Goa yesterday to inaugurate,Svenska Technologies,a new dealership for Volvo Trucks,said that Volvo had a marginal dip in the first five months this year.

8220;The marginal dip was in April and May this year. Till March and then in April-May,due to the general elections,our growth was low because most of our sales are for large corporate and contract driven,8221; Bhattarcharjee said.

He said that the condition during general elections was not of a slowdown.

8220;The award for the contracts before general elections was deferred. It was not a slowdown but deferment of purchases which are now catching up in June and July,8221; he said.