New Delhi: Swedish truck and bus maker Volvo AB has clarified its intention to secure a strategic partner to foray into the high-volume, light commercial vehicle (LCV) business in India. According to sources, it is also considering launching Nissan Diesel products here.

Volvo had acquired a stake in Nissan Diesel last year and is reported to be interested in a partner in India to facilitate greater volumes in the local market in a shorter time span.

Presently, Volvo has a niche presence in the country, selling around 1,000 vehicles in the truck market sized at 2,00,000.

Volvo recently announced a joint venture with Jaico for building bus bodies, and is using India as a base for sourcing IT and product development services, along with components for global products.

Nissan Diesel ranks at number four in Japan as a manufacturer of heavy and medium-heavy trucks, buses, diesel engines and spare parts.