Volvo mulls assembly line in India
STOCKHOLM: Swedish car maker Volvo, which unveiled the second generation
version of its top-ofthe-line sports utility vehicle, the XC90, may set
up an assembly facility in India.
The XC90, which has seen an overhaul after almost 12 years and is the first car it has developed after China’s Geely acquired it from America’s Ford Motor Corp in 2010, will hit the Indian market by March.
The XC90, which has seen an overhaul after almost 12 years and is the first car it has developed after China’s Geely acquired it from America’s Ford Motor Corp in 2010, will hit the Indian market by March.
“We have said we will invest $11 billion (`66,000 crore) towards
new technology and capacity expansion, and have set a target of selling
800,000 units by 2020,” said Lex Kerssemakers, senior vice-president,
product strategy and vehicle line management, VCC. “We need to get into
India and start assembling cars there. It is just a matter of time.”
The new XC90 marks the beginning of a switchover for Volvo Cars from from 6- and 8-cylinder engines to smaller and more efficient 4- and even 3-cylinder ones. The car , which will go on sale globally on September 3 via the Internet as a limited edition of just 1,927 cars, has a range of powertrain options including plug-in hybrids, but uses only 4-cylinder motors.
“This is the first new car from a brand new company, and it has
been developed without any compromise,” said Hakan Samuelsson, chief
operating officer, Volvo Cars Corporation (VCC). “We are committed to
making cars that will not lead to a casualty or a grievous injury (in
case of a crash) by 2020.”
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The new XC90 marks the beginning of a switchover for Volvo Cars from from 6- and 8-cylinder engines to smaller and more efficient 4- and even 3-cylinder ones. The car , which will go on sale globally on September 3 via the Internet as a limited edition of just 1,927 cars, has a range of powertrain options including plug-in hybrids, but uses only 4-cylinder motors.
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