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Volvo explores possibility of setting up car manufacturing in India

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According to reports, Swedish luxury car maker said it is conducting a feasibility study on setting up car manufacturing facilities in emerging economies, including India, as it targets to nearly double its global sales to 800,000 units by 2020 from present 440,000 units.

Source : http://www.business-standard.com/india/news/volvo-explores-possibilitysettingcar-plant-in-india/200750/on

What are your views on this?

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That is great news. I am in full support of this. I have always been a fan of Volvo cars and have always been disappointed the way they have been projected in India. Setting up assembly should do the brand a whole lotta good. Prices can be made competitive by going the CKD way for starters. There will be lots of scope expand their sales and service network as well. Hope this thing comes through.

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