Planning to double market share in country, says Volvo CE India MD

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Planning to double market share in country, says Volvo CE India MD - Business Standard

Quick Summary:

Quoting figures compiled by the Indian Construction Equipment Manufacturers' Association (ICEMA), Krishnan said in 2023-24, the size of the CE industry in India in volume terms was 1,36,000 units with a value of around Rs 85,000 crore.

Volvo CE India, a subsidiary of the Swedish Volvo group, aims to double market share in the segments it operates in the country, a top company official said on Wednesday.

The company has a market share of 6.5 per cent and we plan to double this in the coming years, Managing Director Dimitrov Krishnan said here.