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.

Log in to CarWale

Please enter your password
Forgot password?
Please enter your registered email

Sign up to CarWale

Please enter your name
+91
Please enter your mobile number
Please enter your password
Please enter your password
Ad

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. 

Show CommentsHide Comments
Ad

Volvo S60 Price in Popular Cities

CityOn-Road Prices
Hyderabad₹ 46.28 Lakhs onwards
Kolkata₹ 43.01 Lakhs onwards
Mumbai₹ 49.5 Lakhs onwards
New Delhi₹ 46.51 Lakhs onwards
Chennai₹ 47.19 Lakhs onwards
Bangalore₹ 49.01 Lakhs onwards
  • Upcoming Cars

Tata HarrierTata Harrier

Jan 2019

16L - ₹ 22L
Tata 45XTata 45X

Mar 2019

8L - ₹ 10L
Nissan KicksNissan Kicks

Jan 2019

10L - ₹ 15L
Maruti Suzuki Wagon R FaceliftMaruti Suzuki Wagon R Facelift

Jan 2019

4L - ₹ 6L
Kia SPKia SP

Jul 2019

14L - ₹ 20L
All Upcoming Cars
Ask the experts1800 2090 230Mon-Fri (9 AM - 8 PM)
Sat (9 AM - 5:30 PM)
Sun (9 AM - 7 PM)
Toll free

Select your city to avail offers

Currently available only in