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Geely's Volvo Cars to start assembly operations in India this year

Reuters  |  STOCKHOLM 

STOCKHOLM (Reuters) - Geely-owned automaker Volvo Cars said on Thursday it would start vehicle assembly operations in India this year aiming to grab a bigger share of the country's fast-growing premium car segment.Bought by China's Zhejiang Geely Holding Group from Ford Motor Co. in 2010, Volvo has invested in new models and plants to secure a niche in the premium auto market dominated by Daimler's Mercedes-Benz and BMW.Volvo Cars said it will be working together with Volvo Group in India, using the truck maker's infrastructure and production licences, but disclosed no financial details. ...

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First Published: Thu, May 18 2017. 14:24 IST