Summary:
The Indian unit of Swedish carmaker Volvo will start assembling all its vehicles in India starting next year, in line with the government’s ‘Make-in-India’ initiative to expand its presence in the luxury car market in the country.
“Our sales this year will be lower than 2019. But we expect to continue to gain market share,” said Volvo Car India managing director Charles Frump. “Next year onwards we will assemble all our models locally, be in a good position.” Frump said the move to locally assemble all vehicles it sells in the country will entail additional investment but he did not share the specifics.
At present, Volvo Car India assembles three models – SUVs XC60 and XC90, and sedan S90 – locally at its facility near Bengaluru, Karnataka.