Indian production to help meet booming demand for Volvo cars…
We believe that India is going to be an automotive powerhouse in coming years and now another step towards that looks to have been made with Volvo announcing the start of car production there.
The Chinese-owned Swedish car company recently announced that it would be producing a new EV model in China, now comes word that mainstream Volvo models, including the XC90, will soon be built in India.
Confirmed this morning by Volvo head office, the car company tell us the cars built in India will initially be sold in the domestic market.
The Volvo production facility in India adjoins an existing Volvo truck and bus manufacturing facility near Bangladore.
The move is all about being able to meet expected strong demand for Volvo models in coming years and we will keep you updated regarding news of international models being built in the nation.
One of the new models that is expected to significantly boost international demand for Volvo vehicles is the all-new Volvo XC60 (below).
Volvo dealerships in Australia are certainly looking forward to getting the new SUV into their showrooms.
The keenly-anticipated new model has just entered production and will land into an Australian market that has experienced a near 24% drop in Volvo sales this year.
“I am pleased that as of this year we will be able to start selling Volvos that are Made in India,” said Håkan Samuelsson, president and chief executive of Volvo Cars.
“Starting vehicle assembly in India is an important step for Volvo Cars as we aim to grow our sales in this fast-growing market and double our market share in the premium segment in coming years.”
Stay up to date with the latest Volvo News here.