L&T Ties Up with Scania of Sweden

Larsen & Toubro Ltd (L&T) has announced that the Company has reached an understanding with Swedish heavy vehicle major Scania to distribute its range of multi-axle trucks in India. These heavy-duty trucks, in the 300-500 hp range, will cater to the needs of the construction and mining sectors. The trucks will complement the Company´s range of hydraulic excavators that are widely used in mining and construction projects around the country.

Scania, with a turnover of USS 8.8 billion, is a leader in the production of trucks of capacities exceeding 16 tonnes, heavy-duty buses and engines for mining, power generation and marine applications. Currently, about one million Scania vehicles are in operation in 100 countries in Europe, Latin America, Asia, Africa and Australia.

This relationship will further strengthen the Company´s strong presence in the mining and construction sectors. The Company´s offerings to these sectors include a broad range of hydraulic excavators, loader backhoes, vibratory compactors, aggregate crushing systems, stacker-reclaimers and surface miners.

Source : Equity Bulls

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