Swedish luxury carmaker Volvo Cars on Thursday said the company would rollout its first India-assembled car by the end of the year.
Volvo Auto India, which sells and markets the Volvo car in India, said the establishment of India unit is part of its long-term commitment towards the India market. Volvo Cars is under the ownership of China's Zhejiang Geely Holding (Geely Holding) since 2010.
The new unit will be in Hoskote near Bengaluru and would be the company’s second assembly unit after Malaysia, which was set up in 1960. Volvo Cars will set up the assembly operations together with Volvo Group India and Penta engines manufacturer, and will make use of Volvo Group India’s existing infrastructure and production licenses.
Volvo Group India currently manufacture Volvo trucks, buses and construction equipment at its Hoskote unit. The first Volvo model to be assembled at the new centre would be the XC90 premium SUV.
Additional models would be announced later, said Tom von Bonsdorff, Managing Director, Volvo Auto India.
