Union Budget 2014-15 announcements indicate steps in a good direction

Volvo Buses welcomed the Union Budget for 2014-15 presented today, which has emphasised on the future vision for cities in India, as well as the country on the whole. Volvo is committed to play its role in supporting modernisation of Indian cities by providing complete & sustainable transport solutions to make public transport an attractive option.

The government has allocated INR 50,000 crore towards urban infrastructure projects that will help in creating sustainable cities. The centre’s proposal to set up Industrial Smart Cities in seven locations is another initiative that will help in developing planned residential cities, while possibly decongesting some of the larger cities.

We hope that when the detailing is done, there is focus on aspects of urban development such as electromobility, sustainable transport solutions such as BRTS and decongestion of cities.

The focus on road safety with allocation of funds is a small step that will be essential in addressing the rising incidents on India’s roads. Another key feature of the budget proposals was the allocation of INR 37,800 crore towards development of better infrastructure – both for National and State Highways.

By way of other announcements in the Union Budget, the government has articulated a vision of a stronger nation – socially and economically – in the years to come. Volvo Buses looks forward to steps that will pave the way for more robust and sustainable development of the country.

10th July, 2014

For further information, please contact...

Satyanarayan Doraiswami, +91 99016 53252, satyanarayan.doraiswami@volvo.com 

Meetali Saxena,
+91 96202 21540, meetali.saxena@bm.com 

About Volvo Buses in India
Volvo Buses has been in India since 2001 and has built a leading experience when it comes to high-performing bus applications. Volvo Buses has been driving the change in the industry introducing various firsts in India – including the true bus chassis concept, the low floor city bus concept, the multi-axle coaches, among a host of other technologies & concepts. This coupled with its state-of-the-art factory and overall profile of being a complete transport solutions provider, Volvo Buses is closely entwined with the progress in the Bus Industry. Volvo coaches today connect major cities across India, besides in Bangladesh and Sri Lanka. Volvo city buses operate in 13 cities in the country and have played a key role in Driving Quality of Life for millions of people. Volvo Buses in India has the widest range of high-performing buses. Globally, Volvo Bus is one of the world’s largest manufacturers of large buses and coaches. It is the first company in the world to commercially introduce hybrid buses and has sold over 1,000 buses with this technology in 21 countries, backed by its core values of safety, quality and care for the environment.