VOLVO AND EICHER BUSES

SHAPING THE FUTURE OF PUBLIC MOBILITY

India stands at the cusp of growth in its Amrit Kaal. With a track record of strong growth even in this period of global turmoil, the Indian economy is now the world's fifth largest. Conservative forecasts indicate that Indian GDP will likely exceed five trillion USD and become the world's third-largest economy by the end of the decade. This is being driven by government investments in infrastructure, modernisation of the economy, emphasis on technologies to allow India to achieve her net zero commitments and improving spending power of consumers.

All this growth will drive an increased need for a sound and sustainable public transport system, with city and intercity buses connecting with autos, cabs, railways, metros, footpaths and airports. India's ratio of buses per thousand individuals stands at 1.2, significantly less than Thailand (8.6) and South Africa (6.5). As India rapidly urbanises, the solution is not to add more cars to our already congested cities, but to motivate more citizens to use public transport.

As a 16-year-old Joint Venture between Sweden's Volvo Group and India's Eicher Motors, VE Commercial Vehicles (VECV) has been at the forefront of modernising the commercial vehicle industry with future-ready public mobility solutions. We have been constantly striving to introduce modern solutions in an attempt to bring meaningful transformation in the public transportation space. This has been driven by VECV's focus on innovation, sustainability, and collaboration with all the stakeholders in the public mobility space.