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.
Volvo would make India, along with China, the Asian sourcing hub in the bus manufacturing segment for domestic and global markets, a top company executive said on Monday.
The Volvo V90 Cross Country could make Indians fall in love with station wagons, says P Tharyan.
VBT is opening its new manufacturing facility, costing Rs 80 crore, through a joint venture with Azad group at Hoskote near Bangalore on Thursday. Initially, VBT will produce 450 buses and by 2010 the unit will reach its full capacity of 1,000 buses, he said.
State transport undertakings are warming up to the multinationals despite premium pricing
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.
Volvo Bus Corporation, the Swedish major, has stitched grand plans for its Indian operations. It is looking at developing the country as its fourth global hub - the others are Poland, Mexico and China - for product development, bus manufacturing, sourcing of components, sales and exports.
Swedish automobile major Volvo would be launching its cars in the country in the middle of 2007, Swedish Deputy Prime Minister Maud Olofsson said.
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.
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.
The company shall hike prices of its various models at least by 5 per cent or so in India from January next year, in the wake of rupee devaluation, inflation, and rising cost of imports, a company official said.
For the first time, the event will take place across three locations in Delhi: Bharat Mandapam at Pragati Maidan, Yashobhoomi Convention Centre at Dwarka, and India Expo Mart at Greater Noida.
The company, which manufactures and sells heavy duty trucks in the domestic market, is planning to expand its portfolio of trucks by entering the entry-level truck segment.
Once behind the wheel, the Volvo drives and feels like any other car, except that it now features another safety innovation, the City Safety System that automatically applies brakes on the car in case there is a lapse in concentration on the driver's part. This is particularly true in city traffic conditions where low speed mishaps are common. Volvo claims it helps lower the possibility of injuries to the occupants of the XC60
Kicking off the India plan, the company announced on Monday appointment of three dealers in Delhi, Mumbai and Chandigarh.
While company would hold on to prices for now, hike likely by end of 2013
The all new XC90 will be available in Inscription and Momentum trims.
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.
After creating a niche in the inter-city bus mart, luxury bus maker Volvo is now targeting the city-bus segment, bagging the first order in Bangalore.
At the core of the new joint venture is an attack on Tata Motors, which dominates the commercial vehicle sector in the world's fourth-largest market for heavy trucks.
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.
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.
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.
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.
The company sold about 1,000 trucks last year in special segments like mining, registering a growth of about 20-25 per cent.
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 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.
Volvo S60 is all set to re-define the driving dynamics for the discerning car buyers.
Can Volvo take advantage of the festive season with the launch of its refreshed cars that rival Audi A4 and Q3?
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
Swedish brand has a 74 per cent share in the luxury bus segment, but competition is picking up speed.
It is powered by the T8 Petrol-Electric Hybrid system
The workers of the two-year-old bus plant are demanding confirmation of temporary employees and reinstatement of those who were suspended in April this year, in addition to wage hike.
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.
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.
The company had sold 320 units in 2011 here, the Indian subsidiary of the auto maker said in a statement.
India's rising star Shiv Kapur will have one last throw of the dice at the season-ending Volvo Masters of Asia next week as he bids to end his year with a victory.
The Merrut-based golfer fired an opening round \n\nfive-under 67 to place behind South African Craig Kamps by a solitary point.\n\n\n\n\n\n
Disha gets a tattoo... Kajol's killer smile... Sobhita visits a temple...
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