Volvo Auto India will soon announce Jyoti Malhotra, as the managing director after Tom von Bonsdorff, has completed his tenure in India and decided to pursue a new assignment within the Volvo Group in his home country Finland.
Von Bonsdorff who took over as the head of Volvo Auto India on June 2 in 2015 has been responsible for bolstering the brand's image and presence in India. He helped the company grow its segment share to five per cent, a sustained 32 percent growth over the last two years, on-track to achieve another 25 percent growth in 2017.
"It has been a wonderful experience of little over two years for me in India as MD and a year as regional director residing in India," said, Bonsdorff.
"I am glad to have worked here with some of the most creative and diligent team at our office as well as dealers that not only helped the brand Volvo grow positively in its journey in the India luxury car market but also ensured a wonderful brand experience for all our patrons," he added.
During his tenure, Volvo not only introduced a number of exciting products like XC90 T8 Excellence (India's first luxury SUV Plug-in Hybrid), S60 Cross Country, S60 Polestar, S90 and V90 Cross Country but also strengthened its dealership presence in the country and increased the number of showrooms from 11 to 20.
Under his leadership, Volvo Auto India also announced the commencement of local assembly in Bengaluru. XC90 will be the first locally-assembled car that will be rolled out later this year.
Disclaimer: No Business Standard Journalist was involved in creation of this content
