NABI launches interurban prototype from Sirius bus family

Initiatives

The bus will cost HUF 40 million-50 million, said managing director Ferenc Baranyai.

NABI's new family of buses -- a Sirius city bus is already in production -- are built using a modular system, thus they can made into articulated buses or even trolley buses, said sales and marketing director Demeter Hejj. The buses' engines can be hybrid, LPG or hydrogen, as well as conventional diesel, he added.

Annual bus sales in Hungary have been about 400 recently, and NABI has filled about half of these orders in addition to its deliveries to the United States, Hejj said, answering a question by MTI.

NABI has so far sold 8,000 buses in the US.

Last year, NABI had after-tax profit of HUF 334 million on revenue of HUF 8.1 billion. This year, the company expects to match that profit and revenue.

Two-thirds of the 10,000 buses on Hungary's roads are older than ten years. Of these, half are older than 20 years. Just 4% of buses in the country are less than five years old.

ADVERTISEMENT

Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.