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Volvo plans 'Make in India' car after double-digit growth

All Volvos sold in India are imported as completely built units and attract 120% in various duties

Ajay Modi  |  New Delhi 

Two years of double-digit growth in the Indian market is making Swedish luxury car maker Volvo look at expanding its operations, with possibly local assembly. All Volvos sold in India are imported as completely built units and attract 120 per cent in various duties. Local assembly would bring duties down to 70 per cent and help the firm grow. "We would look at ways to start local assembly. One of the ways could be through a third party, with existing infrastructure. Of course, a lot of our people will be involved in the process," said Tom Von Bonsdorff, managing director ...

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