Swedish luxury car maker Volvo commenced its assembly operations in India and rolled out its first XC90 model from a factory in Karnataka on October 10. The recently inaugurated plant in Bengaluru uses parts coming originally from Sweden. Volvo also aims to double their dealer body in India, along with making big investments on building a local parts warehouse. Though local assembly will not mean lower prices of Volvo cars as they are uniform across the world it will allow the Chinese-owned company to expand its product offering in India. The brand seeks to reap benefits from the rapidly growing luxury market in India. The car maker joined hands with Volvo Group India – the makers of premium trucks and buses – for their infrastructure and production licences.
