Volvo Group's Vision for Sustainable Mobility in India's Commercial Vehicle Market
Key Ideas
- Volvo Group aims to have a completely fossil fuel-free product portfolio by 2040 and achieve fossil-fuel free products in the market by 2050.
- In the Indian commercial vehicle market, Volvo Group sees natural gas and hydrogen playing a prominent role due to the slow adoption of EV technology in heavy commercial vehicles.
- The Volvo Group R&D Centre in Bengaluru focuses on cutting-edge research in vehicle engineering, technology development, software development, electrical architectures, powertrain, and safety innovations.
- Through a joint venture with Daimler Truck, Volvo is collaborating to develop high-volume ECUs and electrical systems for trucks and buses to provide a more innovative offering to customers.
The Volvo Group from Sweden is committed to sustainable mobility globally, with a goal to offer a completely fossil fuel-free product portfolio by 2040. Maria Ebbesson, Vice President of Vehicle Engineering, highlighted a three-pronged strategy involving Battery Electric Vehicles (BEVs), Fuel Cell Electric Vehicles (FCEVs), and Internal Combustion Engines (ICEs) to achieve sustainability. Despite the progress in electric vehicle adoption in India, heavy commercial vehicles (HCVs) have been slower to adopt EV technology. Hence, alternative fuels like natural gas and hydrogen are becoming more prominent for HCVs in the Indian market. The Volvo Group's R&D Centre in Bengaluru is at the forefront of research in vehicle engineering, technology development, software, powertrain, and safety. Through a partnership with Daimler Truck, Volvo is working on developing essential components for trucks and buses, emphasizing innovation and improving customer experience.