Volvo Auto India allayed the fear, if any, on the impact of the take over of Volvo by Geely of China. Further, Gilly’s acquisition will not make the entry of the company into India. Volvo Auto India will retain its supremacy and individuality by being in Sweden, said its MD for India. The affirmation comes in the wake of a pact signed between Ford Motor shelled out its dismantling Swedish car unit to Geely Holdings of China for 1.8 billion US dollars.
The Indian operations of Ford is purely independent since October 2009. Till then the company has been doing its business on its own with new models and expansions. For 2010 the company has earmarked XC60 SUV and sedan S60 for the Indian market. Further there will be an increase of dealerships in India to 12 by 2010 end from the current seven. Volvo India is doing business with its two models – sedan S80 for Rs38-44 lakhs and cross over XC 90 at Rs42.50- 48.50 lakhs. Both are in diesel and petrol variants imported from its apex plant in Sweden.