Assembly unit in India a matter of when, not if: Volvo Cars

Swedish luxury car maker Volvo Cars will consider assembling its vehicles in India, where it is looking to garner 10 per cent market share in the high-end segment by 2020.

The company is also gearing up to enter into pre-owned car segment with its global programme Volvo Select in India as it looks to widen customer base here.

Volvo Cars sells a range of luxury cars and SUVs from the hatchback V40 D Kinetic to SUV XC90 T8 Excellence priced between Rs 26 lakh and Rs 1.28 crore. It has been witnessing double digits growth for the last two years.

"India is among the fastest growing markets for Volvo cars globally. This year also we are looking at double-digit growth," Volvo Auto India Managing Director Tom von Bonsdorff told

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)