Volvo to assem­ble cars in In­dia this year

New Straits Times - - Business -

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.

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