Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.

We won't support this browser soon. For a better experience, we recommend using another browser. Learn More


Volvo might set up an assembly plant in India

May 15, 2017, 11:48 AM IST by Pratheek Kunder
Volvo might set up an assembly plant in India

Volvo India is planning to go aggressive with its plans for India. The Swedish car manufacturer might set up an assembly plant in the country and the details of these plans could be revealed in the next few weeks. 

The company currently sells eight cars in India as completely-build-up (CBU) units. These units attract hefty duties which makes the car expensive. Assembling the cars in India would reduce this taxation, which will directly bring down the pricing. This would likely result in an increase in sales of the Volvo cars, which, in turn, will help the company capture some of the market share from the Germans. 

According to a report on moneycontrol, the Swedish car manufacturer has been in talks to set up a plant since 2012, but due to low volumes in the luxury car segment, these plans were postponed. However, it looks like the parent company is now convinced about the growth in India and wants to play a bigger role. Last year, Volvo grew by 11 per cent with 1584 units which is pretty good considering the fact that the segment leader, Mercedes-Benz saw two per cent dip in the overall sales. 

If Volvo manages to assemble some of their cars in India, the company will surely see a rise in sales. Volvo cars in India have a strong brand value and its cars are perceived to be more exclusive than those of the three Germans. 

  • FaceBook Logo
  • Twitter Logo
  • Email Logo
Show CommentsHide Comments
bell icon
Never miss an update
Receive latest updates from CarWale

Volvo S60 Price in India

CityOn-Road Prices
Mumbai₹ 49.65 Lakhs onwards
Bangalore₹ 51.08 Lakhs onwards
New Delhi₹ 46.75 Lakhs onwards
Pune₹ 50.17 Lakhs onwards
Hyderabad₹ 46.28 Lakhs onwards
Ahmedabad₹ 45.82 Lakhs onwards
Chennai₹ 47.09 Lakhs onwards
Kolkata₹ 44.28 Lakhs onwards
Chandigarh₹ 43.79 Lakhs onwards
  • Upcoming Cars

Tata Nexon EVTata Nexon EV

28th Jan 2020

15L - ₹ 17L
Mercedes-Benz GLE NewMercedes-Benz GLE New

29th Jan 2020

65L - ₹ 80L
Land Rover New Range Rover EvoqueLand Rover New Range Rover Evoque

30th Jan 2020

53L - ₹ 70L
Lexus LC 500hLexus LC 500h

31st Jan 2020

1.60Cr - ₹ 2Cr
Kia CarnivalKia Carnival

5th Feb 2020

25L - ₹ 27L
All Upcoming Cars
Buying a new Car?Ask the experts1800 2090 230(Toll free)

Select your city to avail offers

Currently available only in