In June, Volvo Cars has announced that Polestar, its performance car arm, will become a separately-branded electrified global high performance car company. On Thursday, the new Polestar revealed its future as a standalone electric performance brand. It confirmed plans for its first three models, a new purpose-built production facility in China and a customer-focused route to market that, it says, will set an industry benchmark for performance vehicles. Polestar unveiled the 600bhp Polestar 1, its first car, which is set to roll off the production line in mid-2019.
Mumbai: Volvo Auto India Pvt. Ltd has commenced local assembly operations of its models in India, the India arm of the Swedish luxury carmaker said on Tuesday.
It has started assembling the XC90, a premium SUV, and has plans to assemble more models, including the S90 sedan and XC 60 SUV, Charles Frump, the newly appointed managing director of India operations said in an interview.
STOCKHOLM: Swedish auto giant Volvo is betting on economic reforms of the Narendra Modi government, including the recently introduced goods and services tax, for growth in India, adding that there is scope to improve the flexibility of hiring and firing labourers in the country.
“The Narendra Modi government is driving the development agenda. The number of reforms, including GST, will work as an engine in developing a modern India,” Martin Lundstedt, President of the Volvo Group, told ET.
BEIJING: Sweden's Volvo Cars, a unit of Zhejiang Geely Holding Group, has agreed to make some engines available for Geely-branded vehicles, sources said, deepening ties between the carmakers who already share technology through third brand Lynk & Co.
Three people close to Geely and Volvo said the first Volvo-powered Geely model was expected to hit the market as early as late next year as a 2019 model year car.
Volvo Cars has introduced the V90 Cross Country, a station wagon based on the S90 sedan in India at a price of Rs 60 lakh, ex-showroom. Like the S90 and the XC90, the V90 Cross Country will also be underpinned by the company's SPA (Scalable Platform Architecture) platform. The station wagon would carry forward the Thor's Hammer LED headlamp setup with DRLs (Daytime Running Lamps) from the S90 and is also offered with vertically positioned LED tail lamps, 20-inch alloy wheels, skid plates at both ends, redesigned bumpers as well as Aluminium brushed roof rails. Inside the Volvo V90 Cross Country, the most prominent change when compared to the S90 sedan is the replacement of faux wood inserts with silver.
Chipmaker Nvidia Corp announced on Monday it was partnering with Volvo Cars and Swedish auto supplier Autoliv to develop self-driving car technology for vehicles due to hit the market by 2021.Volvo is owned by China's Geely Automobile Holdings Ltd .The Silicon Valley-based Nvidia also announced a non-exclusive partnership with German automotive suppliers ZF and Hella for artificial intelligence technology for autonomous driving.Nvidia came to prominence in the gaming industry for designing graphics processing chips, but in recent years has been a key player in the automotive sector for providing the so-called "brain" of the autonomous vehicle.
The Swedish premium carmaker Volvo Cars is aiming to double its marketshare in premium segment by 2020 from the current close to 5 percent share.
While the Indian premium market is still relatively small, it is forecast to grow rapidly in coming years. In 2016, Volvo sold over 1,400 cars in India, an increase of 24 per cent compared to 2015. Year-on-year sales growth in the first four months of 2017 amounted to more than 35 per cent.
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