Vajra/Volvos doing well

Times of India reports that Volvo's are doing well now:

Ridership in Volvo buses has increased during peak hours as well as non-peak hours and monthly passes are selling like hot cakes. Volvos are no longer making losses.

Volvo ridership during non-peak hours, particularly at noon, has shot up from 40%-45% to 68%- 70% - more than 25% jump; Volvo monthly passes which would sell at 3,000 a month now sell at 11,000 despite the cost of pass being Rs 1,350-Rs 1,400; and ridership during peak hours which one would expect to touch 100% and a bit more is as high as 200%.

Further ...

“The sharp rise in ridership is the central factor that has enabled Volvos to break even. Volvos are no longer running on loss. The acceptance of Volvos by the people is larger now. There is a realisation among people that they are getting value for money - reliable, comfortable public transport, a crying need of the city. The rise in ridership has also enhanced the returns per kilometre - earlier Volvos would earn Rs 32 per km, now they earn Rs 46. So the cost of operation is working out for BMTC. We are thankful to the commuters and we want more of them to take to the Volvos,” BMTC MD Syed Zameer Pasha told The Times of India.