Volvo India

Needs to step up manufacturing to meet 'Viksit Bharat' goal: Volvo India MD

The manufacturing sector is a weak link for India to meet its goal of Viksit Bharat, and it needs to increase its contribution to the GDP to 25 per cent if the country has to achieve its target of becoming a developed nation by 2047, Volvo Group India Managing Director and President Kamal Bali said on Tuesday. Speaking at a symposium organised by the Indian Foundation for Quality Management, he said the country needs to cash in on the opportunity of USD 3 trillion worth of manufacturing shifting from "our neighbour to other geographies" by focusing on quality. "If we have to become Viksit Bharat, manufacturing clearly will have to really fire on all cylinders. Currently, our manufacturing is the weak link," Bali said. For the last 20 to 25 years, manufacturing continues to be 15 to 16 per cent of India's GDP, he added. "Successive governments and various leaders have tried it, but the needle hasn't moved much. So, this has to change," Bali asserted. Citing examples of countries l

Electric vehicles set to corner a third of Volvo Car India's 2024 sales

Volvo has also officially confirmed its plans to introduce two additional electric vehicles in the Indian market by 2025

Volvo says will minutely examine C40 Recharge EV to ascertain cause of fire

Luxury carmaker Volvo Car India on Tuesday said it will "minutely" examine the C40 Recharge electric SUV which caught fire in Chhattisgarh last week. While confirming the incident, the company said technical experts will try to ascertain the cause of the fire in the car while being driven. "At Volvo Cars we pride ourselves on the safety of our cars and have taken this incident very seriously. The said vehicle will be minutely examined by our technical experts to ascertain the cause," the automaker said in a statement. The company is in touch with and continues to support the customer, it added. The Swedish carmaker noted that the embedded safety features informed the driver to take the car aside and step out of the car. There were no injuries and all occupants were safe, it added. The price of C40 Recharge starts from Rs 62.95 lakh (ex-showroom).

Luxury carmaker Volvo hikes combustion engine vehicle prices by 2%

Volvo Car India on Monday said it has increased prices of its conventional engine vehicles by 2 per cent but has kept the prices of its electric vehicles unchanged. Following the price hike of internal combustion engine (ICE) vehicles, the XC60 is now priced at Rs 68.9 lakh, the S90 at Rs 68.25 lakh and the XC90 at Rs 1,00,89,000, Volvo Car India said in a statement. Prices of EV offerings, XC40 Recharge and C40 Recharge remain unchanged at Rs 57.9 lakh and Rs 62.95 lakh respectively, it added. "We are focused on sustainable luxury e-mobility and have committed that we will be an all-electric company by 2030. We encourage the adoption of EVs and as part of this endeavour have decided that as of now we will hold the prices of our EVs despite rising forex and input costs," Volvo Car India Managing Director Jyoti Malhotra said. He, however, said that industry dynamics may compel the company to revise the EV prices at a later date.

Swedish carmaker Volvo registers 31% jump in sales at 2,423 units in CY2023

Swedish car maker Volvo Cars on Friday said its total car sales in India witnessed a 31 per cent yearly jump at 2,423 units in calendar year 2023, driven by the XC60 model. Volvo Car India had retailed 1,851 cars in the domestic market in 2022 calendar year, the company said in a statement. The locally assembled all-electric XC40 Recharge performed exceptionally well, with 510 units being sold during this period, it said, adding, the XC60, the top-selling model, witnessed a significant surge, resulting in 921 deliveries in 2023. The C40 Recharge has also shown good response and accounts for 180 units within a short period in 2023, with Kerala and Tamil Nadu markets seeing 100 deliveries each. "The year 2023 has been an impressive year in terms of growth. A 31 per cent growth over the previous year exhibits consumer confidence," said Jyoti Malhotra, Managing Director, Volvo Car India. The surge in XC40 Recharge sales and the encouraging response to C40 Recharge highlights the stron

'Volvo India aims to have 50% vehicles to run on non-fossil fuel by 2030'

Volvo India aims to have 50 per cent of its vehicles to be powered with non-fossil fuels by 2030, a senior company official said on Thursday. While speaking at Digital Acceleration and Transformation Expo (DATE), Volvo Group President and Managing Director in India Kamal Bali said that the company has set a target to become net zero in terms of carbon emission by 2040. "At Volvo, we have set target that by 2030, 50 per cent of our vehicles will be non-fossil fuel-based. They will be non-polluting. Balance 50 per cent will become non-zero emission by 2040," Bali said. He said that transport industry accounts for 20 per cent of world's total green house gas emissions and if automobile companies take pledge to reduce emissions then it will bring huge change in the environment. "We have also taken pledge that 35 per cent of all employees at leadership level and other levels will be women. We see this as part of sustainability," Bali said.

Swedish luxury carmaker Volvo revs up with EVs, eyes record sales in 2023

Earlier, its peak sales was in 2018, when it sold 2,600 cars

After Mercedes, Volvo to adopt direct-to-customer model for sales in India

Industry experts say that such a model may not be practical for mass-market cars given their large sales volumes

Volvo may set up its new EV manufacturing facility in India: Report

Volvo, in 2022, had announced its plans to expand its certified used-car business across India by early 2024

Volvo-Eicher looks to make most of post-pandemic recovery in bus market

Aims to disrupt intercity segment with fully-built luxury coaches

Volvo India sees electric cars contributing to 80% of total sales by 2025

Volvo's EV plans are in line with its global strategy of transitioning into a pure electric car company by 2030

Volvo XC40 Recharge EV to be launched in India on July 26; check details

The XC40 Recharge is likely to be priced between Rs 60 lakh and Rs 70 lakh and it is expected to compete against Kia EV6, and the Hyundai Ioniq 5

Volvo Eicher Commercial Vehicles sees 69% surge in sales in FY22

The company sold 32,050 units during the first eight months of 2019-20.

TMS, Ep 33: NPA accountability framework, Kamal Bali Q&A, jewellery stocks

Will new NPA rules be enough to assuage PSBs' concerns? What is Volvo India MD Kamal Bali's glide path to 'net-zero' target? Can jewellery stocks give 100% returns by next Dhanteras? All answers here

Volvo India MD Interview: Kamal Bali on glide path to net-zero target

How does Volvo India plan to reduce emissions and achieve the net-zero target? In this exclusive interview with Jyoti Mukul, Volvo India MD Kamal Bali talks about this and more

Volvo Car India commences 24x7 customer support service across country

Volvo Car India on Thursday said it has initiated a 24x7 customer support service for its customers in the country

Volvo Car India offers term insurance coverage to employees at dealerships

Volvo Car India on Friday said it has covered all employees of its dealerships under a term insurance policy of up to Rs 10 lakh in the wake of the second wave of the coronavirus pandemic. Stating that one of the major concerns during this pandemic has been the fate of a family that loses its breadwinner, the company said it is addressing this concern and will bear the premium cost and has undertaken the term insurance of all personnel employed at its 25 dealerships across India. "Under this initiative, in the unlikely and unfortunate event of a dealer employee's demise due to COVID-19, the employee's family will receive a compensation up to Rs 10 lakh," Volvo Car India said in a statement. Commenting on the initiative, Volvo Car India Managing Director Jyoti Malhotra said as dealer employees are usually the first interface that Volvo customers have with the company, they play a crucial role in customer satisfaction. "For us they are an integral part of our team and therefore the .

Volvo India announces 24 weeks paid parental leave for male workers

Volvo on Wednesday announced a gender neutral policy, 'Family Bond', that allows the male employees in India to avail up to 24 weeks (120 working days) of parental leave

India's share in our EV sales to be more than any others: Volvo India MD

Car maker says four out of five cars it sells in India will be electric by 2025; globally, EV sales will be 50% of company's total

Based on a next generation platform, Volvo S60 retains safety-first focus

Sporty with a muscular sedan-like look and kitted with a petrol engine, the S60 scores big on comfort as far as interiors go