Taking a cue from heavyweights such as BMW, Mercedes and Audi, Ford Motor Company-owned Volvo Car India may use the parents' India facility in Chennai to manufacture and assemble some of its products, reducing their prices substantially.
Speculation about rising competition from global majors has led to shares of major Indian automobile manufacturers such as Mahindra & Mahindra (M&M), Maruti Suzuki India, and Tata Motors taking a hit on the BSE.
'From the Indian perspective, young customers with more disposable income will also drive the growth.'
A deep split has emerged within India's auto industry over the proposed CAFE exemption for small cars, with only Maruti Suzuki and Renault backing the move in the final SIAM vote.
Swedish luxury car maker Volvo is planning to launch its fullly electric small SUV EX30 in India this year as part its plans of launching one electric model in the country every year in line with its global ambition of achieving 90-100 per cent sales from electrified cars by 2030, according to a senior company official. Besides, Volvo Car India is also looking at bringing the new XC60 SUV in India this year, its Managing Director Jyoti Malhotra told PTI.
Swedish automobile major Volvo would be launching its cars in the country in the middle of 2007, Swedish Deputy Prime Minister Maud Olofsson said.
The company had last year said that it would begin selling its XC90 and S80 models in India by the end of 2006 or early 2007.
The company had sold 320 units in 2011 here, the Indian subsidiary of the auto maker said in a statement.
Electric vehicle (EV) manufacturers breathed a sigh of relief after the GST Council on Wednesday night retained the concessional 5 per cent rate on EVs, though they now face competition from small petrol and diesel cars, which will attract a lower 18 per cent levy.
In September, Tesla and VinFast accounted for less than 0.5 per cent of all EV registrations.
Female students alleged that Saraswati used abusive language, sent obscene messages, and made unwanted physical advances.
Swedish car maker Volvo Car Corporation expects to sell 10,000 cars in India by the year 2010 and also plans to introduce S40 -- a small sedan in the domestic market in 2009.
India to be Swedish car maker's second assembly base after Malaysia
Kicking off the India plan, the company announced on Monday appointment of three dealers in Delhi, Mumbai and Chandigarh.
Swedish carmaker Volvo Car Corporation is revving up plans for India with an aim to become the third largest luxury car maker in the country by 2020, for which it may even consider assembly operations.
Volvo Cars is currently owned by US car major Ford, which is seeking to sell off the brand and Geely Auto, has emerged as a preferred buyer.
Female students of Sri Sharada Institute of Indian Management, Delhi were allegedly forced to visit the quarter of self-styled godman Swami Chaitanyananda Saraswati late at night and one of them was even forced to change her name, the FIR filed against him read.
The company announced on Monday the opening of its flagship dealership, spread over an area of 6,000 sq mt, in New Delhi. The New Delhi dealership would be followed by opening of Chandigarh and Mumbai dealerships, the company said.
The Volvo C70 is the second generation convertible of C70 from the company, with a three-piece retractable hard-top that transforms the vehicle from coupe to convertible at the touch of a button.
Volvo SX80, a luxury sedan car and Volvo XC90, a SUV, will be available in the Indian market with a starting price of Rs 3,800,000 ($ 93,160) for petrol variant and Rs 4,500,000 ($110,321) for the diesel variant.
The Volvo Adventure Competition, a global internet-based environmental-education programme for schoolchildren aged between 13 and 16, invites applications.
On the company's performance after entering the Indian market last year, he said the car maker has so far sold 100 units. The company right now delivers cars to customers as completely built units from its headquarters in Sweden.
In wake of the coronavirus pandemic, US auto major Ford has asked its 10,000 employees in India, except those in business-critical roles, to work from home, a step which has also been taken up by Swedish luxury car maker Volvo. A Ford India spokesperson said, in recent days, the company has concluded that the issue of coronavirus has taken on a different dimension.
V40 Cross Country is the only car in India by Volvo Cars that is available in both in diesel and petrol versions.
Europe's top-end car maker Volvo is planning an onslaught on the Indian market on the back of Ford India Ltd. Ford India's parent, the US-based Ford Motor, owns Volvo's car business.
The company would also consider setting up an assembly facility in the country as soon as Volvo Car India, the Indian subsidiary of the Ford Group company, starts selling at least 2,000 units a year. Volvo Car India, which sells its vehicles as completely-built-unit in New Delhi, would bring in the S60 from its parent facility in Belgium.
The driver of the truck involved in a fatal accident in Nelamangala, Karnataka, that killed six people, claimed on Monday that a car ahead of him applied sudden brakes, causing him to lose control and turn towards the road divider. Police are investigating the accident, reviewing CCTV footage and conducting a case study to determine the cause.
Volvo cars are overshadowed by the big three Germans in India and it's time that the Swedish manufacturer do something to step up its game.
Has Volvo Cars set the cat among the pigeons? Yes, the compact luxury SUV segment in India will not be the same with the entry of the XC40, says P Tharyan.
The all new XC90 will be available in Inscription and Momentum trims.
Volvo will hold discussions with its parent company to start assembly operations in India by the end of this year.
Infosys will provide applications to support multiple operations, including marketing and sales, customer service, manufacturing, product development and corporate functions.
For the first time in history, the luxury car market is poised to cross the sales mark of 50,000 units in 2024, with Mercedes leading the way
The BYD Sealion 7 offers instant, exhilarating power, effortlessly pinning you to your seat with a 0-100 km/h sprint in just 4.5 seconds -- a performance proudly showcased on its rear badging.
Disha gets a tattoo... Kajol's killer smile... Sobhita visits a temple...
Volvo is looking at introducing stripped-down version of its luxury sedans.
Volvo India is in talks with Ford Motors India to start assembly operations in India.
Luxury car major Volvo would launch its new car in Indian market by the end of March 2013, a top company official has said.
The Volvo V90 Cross Country could make Indians fall in love with station wagons, says P Tharyan.
Ahead of the festive season, several passenger and commercial vehicle manufacturers have agreed to offer discounts of 1.5-3 per cent on new vehicle purchase against scrapped old vehicles after a meeting with Union Minister Nitin Gadkari, an official statement said on Tuesday. The statement further said Mercedes Benz India has offered a flat discount of Rs 25,000, which will be over and above all existing discounts. Union Road Transport and Highways (RT&H) Minister Nitin Gadkari on Tuesday chaired a meeting with the SIAM delegation at Bharat Mandapam, where he addressed pressing issues in the automobile industry.
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