Swedish car maker Volvo was delayed in entering the Indian market. However, it has quickly gained a speedy advancement in the market and its sales have been steady and healthy in past one year. Recently the parent company, Volvo Cars, was bought over by China based Zhejiang Geely Holding Group for $1.8 billion from its previous owners, Ford Motors.
In the wake of new ownership, Volvo Auto India stated that its Indian operations remain completely unaffected by the change of ownership and the company will continue to work as per its earlier plans designed for the Indian market. “Volvo will continue to be an independent division of Geely, headquartered in Sweden. We will directly report to Volvo in Sweden,” said Volvo Auto India managing director Paul de Voijs.
Volvo is planning to launch XC60 in the Indian market. It has already introduced the car to the Indian customers and is undergoing homologation. The car will be soon roadworthy of Indian roads and shall meet all specified criteria laid out by the government for Indian driving conditions.
