Swedish luxury car maker Volvo has decided to locally assemble cars in India, making the country its second offshore base in the world after Malaysia. The cars will be assembled at the Bangalore facility of commercial vehicle maker Volvo Group India, part of the car maker’s former parent company.
The first locally assembled car, attracting significantly lower duties, is expected to roll out by end of this calendar year. Its bestselling SUV XC90 will be the first vehicle to be assembled here before the company looks at assembling other cars in the future. The car maker’s Indian subsidiary, set up