Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
May 22, Tuesday 2018 7:53 AM       

       HEADLINES: V T Balram a heinous type that give likes to pedophilia                                              Nadir is not Maoist: Police agree finally                                              Lini wrote that heart-breaking letter from death bed                                              Tripura floods render around 600 families homeless                                              'Madhuri-442' banned after spurious liquor kills 10 in Kanpur                                              Swallowed bitter pills for a secular government in K'taka: Congress                                              Dalit man beaten to death in Gujarat, five held                                              BrahMos successfully test-fired under life extension program                                              Pak troops fire at Indian posts, day after ‘pleading’ for ceasefire                                              Hillary Clinton to be awarded at Harvard                                              Doctor gets three years for spiking girlfriend’s drink to induce abortion                                              Modi arrives in Sochi for informal summit with Putin                                              12 mins max to destroy Israel: Pak commander                                              Nadal wrestles back to top spot post Rome triumph                                              Messi wins fifth European Golden Shoe award                                              Kaumudi Facebook
       AUTOMOBILE Next Article: Toyota plans to hike vehicle prices next month  
       Volvo Cars plans to assemble two more models in India this year
 
         Posted on :18:04:38 Apr 19, 2018
   
A A
       Last edited on:18:04:38 Apr 19, 2018
         Tags: Volvo, XC 60, V 90, Cross Country, India
 

STOCKHOLM: Swedish automaker Volvo Cars plans to locally assemble two more models -- XC 60 and V 90 Cross Country -- in India to strengthen business in the country.

It currently assembles XC 90 and S 90 models at the Bangalore-based manufacturing plant.

The company is also in the final stages of opening a parts warehouse in India to help it supply spares to dealers at a faster clip.

"We are looking by mid-year for some addition of SPA (platform) cars in India," Volvo Car India Managing Director Charles Frump told PTI in an interview here.

The cars on SPA platform, which are yet to be localised in India are V90 Cross Country and XC 60, he added.

Volvo Cars began local assembly of XC 90 model from Bangalore plant in October last year. This month it started local assembly of S 90 model from the facility.

Both, the models are also based on the company's scalable SPA platform.

With an aim to enhance speedy parts supplies to the service centre, Frump said the company will be investing in central parts warehouse in India and expand Bangalore plant as well.

"Overnight we can get parts to all our dealerships instead of getting them shipped from Sweden. It's a huge advantage," he added.

He, however, did not share location and investment details about the project.

When asked about new launches he said the company would drive in XC 40 model in India by July-August this year.

"The biggest gap that we have here (India portfolio) is that we don't have a small SUV and XC 40 fills that gap," Frump said.

Volvo Cars also plans to expand its sales network in India with plans to open one dealership every month this year.

"Right now we have 21 dealerships and we will get to 29 stores by the end of this year. So that will give us full coverage of India," Frump said.

Volvo has been able to position itself in India as a clear alternative to German companies such as Mercedes-Benz, BMW and Audi, he claimed.

"People who have owned a German car have now also started looking at us for their second car," Frump said.

With enhanced product portfolio and sales network the company aims maintain double digit sales growth this year as well in the country.

Volvo Cars India sold around 2,000 units last year. Sales grew by 28 per cent in 2017 as compared with 2016.

In India, the company has set an aim of garnering a market share of 10 per cent in the luxury segment by 2020. It currently has over 5 per cent share in the segment which is pegged at around 40,000 units per annum.

Globally, the company sold a total of 571,000 units last year.

A A
       AUTOMOBILE
Next Article: Toyota plans to hike vehicle prices next month
 
 
AUTOMOBILE HEADLINES
Toyota Yaris launched at a starting price of Rs. 8.75 lakhs  
Honda drives in new Amaze; to launch six new models in three years  
Tesla sets up Shanghai firm as it expands China presence  
Volkswagen to recall 410K cars over faulty seat belts  
Terra Motors raises 10 million dollar fund to expand in Asian market  
CarToq emerges as the largest, most-engaged automobile platform in India  
Favourable taxation structure pre-requisite to launch EVs in India: Mercedes  
Toyota to build test track for self-driving cars  
Skoda eyes up to 10% growth in 2018  
China considering cutting duty on imported cars by about half  
Triumph Motorcycles India eyes 10% growth  
Dream job: Harley-Davidson interns get a free motorcycle  
BMW expects 50% of sales in India to come from X series SUVs  
First years’ service for smallest Rolls-Royce  
Volvo Cars plans to assemble two more models in India this year  
Toyota plans to hike vehicle prices next month  
China to lift foreign ownership limits on automakers  
VW's new CEO asserts authority as sets out on road to reform  
Paris Motor Show 2018 to be trendsetter in showcasing futuristic technologies in automobile space  
Mahindra Electric, Zoomcar partner to offer self-drive EVs on rent  
Ford could make electric cars in Germany after 2023  
HMSI recalls 56,194 units of Aviator, Activa 125, Grazia  
Tesla recalls early model S vehicles over power steering bolts  
Jaguar Land Rover to test self-driving valet parking on Britain's streets  
Maruti Suzuki Devils Circuit becomes India's leading disruptive sporting property  
 
State government has acted quickly to rein in Nipah virus. Do you agree?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy