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July 11, 2016

Volvo keeps Indian assembly on hold

Volvo Cars is keeping plans for local assembly in India on hold because current sales volumes are not high enough to justify the cost of a plant.

Volvo Cars is keeping plans for local assembly in India on hold because current sales volumes are not high enough to justify the cost of a plant.

Around 35,000 luxury vehicles are sold yearly in India but Volvo sold only 1,423 in 2015 compared with Mercedes-Benz sales of 13,502 units, local website shifting-gears.com reported.

Local assembly would reduce the cost of cars and boost sales, the report said.

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