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Volvo to locally assemble hybrid vehicles in India

Auto News - Published on Mon, 23 Apr 2018

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ETAuto reported that Swedish luxury car maker Volvo Car India is planning to locally assemble hybrid vehicles in a bid to get ahead of the German luxury car makers in the cleaner vehicles space in India, in the future when emission standards get stricter. Volvo which last year set up a factory in India expects majority of its vehicle portfolio to be locally manufactured in the next two to three years. It is likely to include a few hybrid variants.

Mr Charles Frump, MD of Volvo Car India told ET, that the company itself has set a vision of selling a million electrified vehicles by 2025 and India will be a key contributor to that target. Mr Frump said that "It is a not a question of if, but when we will start assembling hybrid vehicles in India. There are various studies going on and we are trying to convince the government on why hybrids are an important bridge towards complete electrification."

The company plans to have majority of its fleet in India electrified by 2020 in line with its global transition.

To be sure, in the mainstream market, Maruti and Toyota are already working on localising electric and hybrid cars and even Hyundai has announced its plans of assembling electric car in India by 2019

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Posted By : Rabi Wangkhem on Mon, 23 Apr 2018
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