Shrinking oil prices work in favor of bus manufacturers

Business Materials 24 January 2017 12:29 (UTC +04:00)

Baku, Azerbaijan, Jan. 24

By Dalga Khatinoglu, Khalid Kazimov – Trend:

A European bus manufacturer says the global plunge in oil prices has made a positive impact on bus producers worldwide over the past year and half.

“Global plunge in oil price has influenced our business in a positive way. Many European drivers instead of private cars choose public transport. For us it means more vehicles and better sales. Also alternative powered vehicles (electric buses, hybrid buses) were affected in a positive way,” Mateusz Figaszewski, an official with Solaris Bus & Coach S.A. told Trend.

Elaborating on the activity of his company, Figaszewski added that Solaris Bus & Coach produces buses, trolleybuses and trams which are exported to the Europe and the United Arab Emirates.

Responding to a question whether Solaris plans to enter markets in Iran, Azerbaijan and Central Asia, he said If Iranian customers are interested in the company’s products, the company is willing to co-operate.

"For sure we are able to meet even the most demanding expectations," he said.

“Of course you need to remember that Solaris is not competing by low price but we offer the best quality vehicles with world class technical solutions,” he added.

"The markets of Azerbaijan and Central Asia are also at our interest. Everything depends on public tenders and orders from these countries," he added.

Speaking about the possibilities of opening a production line or establishing a joint venture in Iran, Azerbaijan and Central Asia, he added that the company does not exclude such possibility but of course everything depends on details of such a co-operation.

"For example last year we have opened a joint venture company in India with a local partner," he added.