24 Jan 08 L&T launches tipper truck - India

Construction and engineering firm Larsen & Toubro Ltd (L&T) has launched a tipper truck manufactured by Swedish heavy vehicle major Scania, with an aim to capture up to 35 per cent of market share in its class.

The Scania multi-axle tipper truck used in the construction and mining sectors, priced in the range of Rs 58-65 lakh, was launched at the ongoing Excon 2007, a CII-organised Indian construction equipment and technology trade fair here.

“We are aiming for 25-35 per cent market share in this class of trucks as early as possible,” J P Nayak, whole-time Director and President, (machinery and industrial products division), L&T told reporters here on Tuesday night.

The other major players in this category of trucks in India are Volvo, Daimler and Tatra, said Nayak, who added that Scania tipper trucks meet advanced emission standards.