Volvo to assemble cars in India this year
STOCKHOLM: Volvo said yesterday it will start assembling cars in India this year in a move into a market where it has had only a small presence until now. Volvo Cars said that it was teaming up with truck manufacturer Volvo Group to build cars at the latter’s existing plant in
Hoskote near Bangalore. While sharing the Volvo name, Volvo Cars has not actually been part of the Volvo Group since 1999, when it was initially taken over by Ford and subsequently acquired by China’s Geely Group in 2010.