New Delhi: Swedish luxury carmaker Volvo Cars is considering the possibility to set up a new electric vehicle manufacturing facility outside China and India is a contender in the race, a media report suggests.
The demand for EVs is expected to jump in 2023 due to advancements in charging infrastructure and price parity with diesel and petrol engine vehicles.
According to the chief executive officer (CEO) of Volvo Cars Global, Jim Rowan said that the automaker is assessing logistics and “cost benefits” as the plant will “feed other countries other than just India… But in Asia, that’s something that we’re looking at the moment,” he said.
Earlier in 2022, Volvo announced its plans to expand its certified used-car business across India by early 2024.
Discussion about this post