Geely’s Volvo Cars to start assembly operations in India


Geely’s Volvo Cars to start assembly operations in India
  1. Geely’s Volvo Cars to start assembly operations in India
    omanobserver.om
    STOCKHOLM: Geely-owned automaker Volvo Cars said on Thursday it would start vehicle assembly operations in India this year aiming to... The post Geely’s Volvo Cars to start assembly operations in India appeared first on Oman O…
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STOCKHOLM: Geely-owned automaker Volvo Cars said on Thursday it would start vehicle assembly operations in India this year aiming to grab a bigger share of the country’s fast-growing premium car segment. Bought by China’s Zhejiang Geely Holding Group from Ford Motor Co in 2010, Volvo has invested in new models and plants to secure a niche in the premium auto market dominated by Daimler’s Mercedes-Benz and BMW. Volvo Cars said it will be working together with Volvo Group in India, using the truck maker’s infrastructure and production licences, but disclosed no financial details. “Starting vehicle assembly in India is an important step for Volvo Cars as we aim to grow our sales in this fast-growing market and double our market share in the premium segment in coming years,” Volvo Cars Chief Executive Hakan Samuelsson said in a statement. The company’s main car production plants are currently located in Sweden, B…