Volvo focuses on making Indian roads safer
With offerings such as the XC90 and S90 launched last year, and some new models like the new XC60 slated to be released this year, Volvo could gain a 10% share of India's luxury car market by the year 2020.
Volvo India Pvt Ltd was established in the year 2001 and has its headquarters in Bangalore. The company's line of business includes the manufacturing of truck and bus bodies. The Volvo Group is a Swedish multinational manufacturing company headquartered in Gothenburg. While its core activity is the production, distribution and sale of trucks, buses and construction equipment, Volvo also supplies marine and industrial drive systems and financial services. Since their inception, their philosophy is to deliver world class products to their customers. The company has their products divided in various categories: Trucks, buses, construction equipment, industrial power, marine power, financial services and cars.
With offerings such as the XC90 and S90 launched last year, and some new models like the new XC60 slated to be released this year, Volvo could gain a 10% share of India's luxury car market by the year 2020.
Volvo, which makes premium trucks for specialised sectors like mining, buses and construction equipment, also aims to cut logistics cost by achieving greater efficiency and minimising wastage.
Majority of luxury cars are purchased with auto loans and hence it is just a matter of time that the order books will come back to normalcy.
The launch of V40 and the V40 Cross Country today along with the opening of a new facility in Kochi emphasises the company's commitment to garner a 10 per cent segment share.
The autonomous Volvo XC90 SUV is the company's very first autonomous vehicle for the project. The SUV has been produced at Volvo's manufacturing facility in Torslanda.
Javier Varela has been appointed senior vice president manufacturing. He joins the company from PSA Peugeot Citroen. He will start at Volvo Cars on November 1.
Sales of the new Volvo XC90 were the main growth driver globally, while the XC60 continues to be the best-selling model overall.
The man responsible for the design was 26 year old Jan Wilsgaard, who went on to become Volvo’s head of design for many years, designing the 140, 240 and 700 series, as well as parts of the 800 series.
Before joining Volvo Cars, she worked at Ericsson for almost twenty years and held different leading roles in the area of research and development, both in Sweden and in Silicon Valley.
The company delivered its first set of four hybrid buses to Navi Mumbai Municipal Transport Corp earlier this year. Volvo says these produce 50% less carbon footprint because of smaller engine sizes.
With the 140 series, Volvo introduced a naming scheme in which the first digit designated the model series, the second digit the number of cylinders and the third digit the number of doors.
Six months of paid leave will now be provided for women going on maternity leave, an increase from the previous policy of 12 weeks with an additional four weeks in case of maternity-related complications.
The rise in sales is backed by the continued strong performance in the US market 14 months of consecutive sales growth.
The S90 is the first car from Volvo stable to utilise its new Scalable Product Architecture (SPA) technology
In Europe, sales rose by 10.3 percent to 138,851 cars as a result of strong performances in key markets such as Sweden, Germany, the UK and France.
Located opposite Chaitanya College, the showroom is spread over an area of over 26,000 Sq Ft, across 3 floors and will have sales to after-sales services
Volvo has almost doubled its staff numbers at the Torslanda plant in the last two years, to a current total of around 6,300 employees.
The customized warehouse will provide an integrated Inland Services solution for the Volvo Completely Built Up Units (CBUs) imported from Europe to India through the Port of Chennai.
Volvo Cars came out as winner in the Brand Design Language category, fending off competition from Mercedes-Benz, Jaguar, Renault and Kia.
Nick Connor moves to Polestar after four years as managing director of Volvo Cars UK, during which sales volumes increased by 60 per cent.
Name | DIN | Designation | Date of joining | |
---|---|---|---|---|
Glenn Michael Kant | Unlock to View | Unlock to View | Director | 05 Sep,2018 |
Per Anders Abramsson | Unlock to View | Unlock to View | Director | 05 Sep,2018 |
Suresh Chettiar | Unlock to View | Unlock to View | Director | 08 Aug,2018 |
Kamal Bali | Unlock to View | Unlock to View | Director | 01 Apr,2014 |
Niklas Valdemar Gustafsson | Unlock to View | Unlock to View | Director | 01 Apr,2014 |
Laxminarayana Hegde | Unlock to View | Unlock to View | Company Secratary | 03 Aug,2005 |
Volvo India Private Limited‘s balance sheet, profit & loss figures and Financial Ratios
Get plant information and details for Volvo India Private Limited
Know the direct, tier 1 and foreign suppliers for Volvo India Private Limited
Which business is the best revenue generator for Volvo India Private Limited
Volvo India Private Limited‘s subsidiaries, Joint Ventures, Associates & Signatories