Volvo plans to expand used car business in India by early 2024, says official
2 years, 2 months ago

Volvo plans to expand used car business in India by early 2024, says official

Hindustan Times  

In India, demand for second hand cars is on the rise. An evidence of this is a recent report-- prepared by Indian Bluebook and Das Welt Auto – which has estimated that the second hand and old cars market in the country is set to increase by nearly 20 per cent by 2026-27. Now, looking at the growth of this segment, Swedish auto giant Volvo is planning to widen its second hand cars business in the world's fifth-largest economy. Jyoti Malhotra, Managing Director, Volvo Cars India, said that under its ‘Selekt’ platform, the company has recently launched the used car business in India. Malhotra further said that if companies participate actively in the second hand cars market, customers will get good-quality cars at affordable prices.

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History of this topic

Taxing times: Used cars platforms headed for a bumpy ride on GST hike
2 days, 1 hour ago

Taxing times: Used cars platforms headed for a bumpy ride on GST hike

Live Mint  

Bengaluru: After cruising at a double-digit growth rate over the past five years since the pandemic, India’s used cars platforms seem to be headed for a bumpy ride following the government’s decision to levy higher taxes on their margins on the sale of small cars. The Goods and Services Tax Council on Saturday decided to increase taxes on the margins …

Volvo Group Partners with Indian Universities to Shape Future Automotive Talent
3 weeks, 4 days ago

Volvo Group Partners with Indian Universities to Shape Future Automotive Talent

Live Mint  

BusinessWire India Bangalore, November 30: Volvo signs MoU with Amrita University and Thapar Institute to build a stronger industry-academia engagement and enhance the engineering industry readiness. The MoU signing ceremony, formalizing this collaborative effort, saw the participation of Mr. Kamal Bali, Managing Director of Volvo Group India, and Representatives of Universities, symbolizing a commitment to academic excellence and industry collaboration. …

Volvo Car India launches The Reverse Project
5 months, 4 weeks ago

Volvo Car India launches The Reverse Project

Deccan Chronicle  

Hyderabad / New Delhi: Volvo Car India today announced the launch of its ambitious Reverse Project that aims at reversing the environmental damage through planting trees commensurate to the mileage done on EV cars of any brand. Mr. Jyoti Malhotra, Managing Director, Volvo Car India said “The Reverse Project gives car owners all over India an opportunity to contribute towards …

India's used car market size to touch USD 100 billion-mark by 2034: CARS24 CEO
9 months, 3 weeks ago

India's used car market size to touch USD 100 billion-mark by 2034: CARS24 CEO

Hindustan Times  

As per the findings of the Gurugram-based online used car marketplace, there are changes in market dynamics with customers opting for frequent upgrades when it comes to cars. HT Image "According to our internal study, the anticipated growth of the Indian used car market is set to occur at a 15 per cent CAGR, increasing from USD 25 billion in …

India will become auto technology provider to the developing world: Bhargava
10 months, 3 weeks ago

India will become auto technology provider to the developing world: Bhargava

Live Mint  

New Delhi: India’s car industry will drive its manufacturing growth and play a big role in attracting investments and prosperity, Maruti Suzuki chairman R.C. These are themes he addresses in his latest book, Impossible to Possible, in which he describes what made Maruti Suzuki, the first and only instance of the government-run public sector undertaking forming a joint venture with …

Mercedes-Benz to Launch 12 New Models in India, Here's What it Plans for 2024
11 months, 2 weeks ago

Mercedes-Benz to Launch 12 New Models in India, Here's What it Plans for 2024

News 18  

The luxury car manufacturer Mercedes-Benz ended the year 2023 on a good note, all thanks to its satisfying sales numbers. In a move to expand the lineup, and offer multiple options to the customers, the German carmakers will be launching 12 new models in India. Big Investment for India in 2024 As per the details shared by the TOI, the …

India Records Massive Jump in Used Car Sales, Inventory Worth Rs 1,250 Crore Sold
1 year, 8 months ago

India Records Massive Jump in Used Car Sales, Inventory Worth Rs 1,250 Crore Sold

News 18  

There has been a considerable increase in demand for used cars across the country. The Drive Time Quarterly Report by CARS24 showed that the company recorded a massive jump in the sale of pre-owned cars from January to March this year, registering a 100 percent jump in sales compared to the figure in January to March 2022. Commenting on the …

Here Is How You Can Start Your Second Hand Car Business In India
1 year, 9 months ago

Here Is How You Can Start Your Second Hand Car Business In India

News 18  

The demand for used cars in India is rising in India due to the increasing prices of new cars as well as the higher interest rates charged by banks on auto loans. This article covers every aspect of opening a used car showroom, from conducting market studies to managing the business. Creating a blueprint Making a decision about the company …

How Maruti sped past Hyundai in global race
2 years, 3 months ago

How Maruti sped past Hyundai in global race

Live Mint  

For a first-time Indian visitor to Johannesburg, there is much that is new and striking—from its swanky cafes and art galleries to wildlife parks and the grime of its shanty towns. The compact SUV is manufactured in Maruti Suzuki India Ltd’s Haryana factory —and shipped nearly 10,000 km away to South Africa, where it has quickly become a bestseller. “Our …

Volvo Becomes the First Luxury Car Brand in India to Launch in Metaverse!
2 years, 4 months ago

Volvo Becomes the First Luxury Car Brand in India to Launch in Metaverse!

The Quint  

A few years ago, the then CEO for Swedish auto-brand Volvo gave an internal speech which went viral, where they acknowledged that ‘the auto industry was part of the problem’. Volvo followed through soon after and revealed two huge goals for the brand for the future - the brand wants to go ‘all electric’ by 2030, and aims to be …

Volvo Car India to Raise Prices of Select Car Models From January 1
2 years, 11 months ago

Volvo Car India to Raise Prices of Select Car Models From January 1

News 18  

Swedish luxury carmaker Volvo said it will increase prices of select models in India ranging between Rs 1 lakh and Rs 3 lakh from January 1 to offset rising input costs. Under the revised prices, Volvo Car India said its SUV XC40 T4 R Design variant will cost Rs 2 lakh more at Rs 43.25 lakh, while XC60 B5 Inscription …

The electrification of Indian cars
3 years, 3 months ago

The electrification of Indian cars

Hindustan Times  

The EV fever is gripping India. Volvo India’s latest offering – the pure electric compact SUV XE40 Recharge – will be the first fully electric car to be launched by the luxury car maker in India. At present, the luxury electric car models introduced in the Indian market by bigwigs like Volvo, Mercedes and Audi are being imported. EVs are …

Volvo Car India's retail sales grow 52 per cent in H1 2021
3 years, 5 months ago

Volvo Car India's retail sales grow 52 per cent in H1 2021

India Today  

Volvo Car India today reported a growth of 52.02 per cent in retail sales to 713 units in the January-June period of 2021. During the period under consideration, Volvo Car India also sold models like the XC40 SUV, XC90 SUV, S60 sedan and S90 sedan. In the second half of 2021, Volvo Car India will launch the Volvo XC40 Recharge …

Volvo Car India to Expand Footprint With New Digital Technology Hub at Bangalore
3 years, 6 months ago

Volvo Car India to Expand Footprint With New Digital Technology Hub at Bangalore

News 18  

Volvo Car India has announced that it is expanding its Digital Technology Hub at Bangalore which will help strengthen its digital presence in India. In his role with Volvo Car India, Olsson will continue to be based in Bangalore, where the Digital Tech Hub is located. The India-operations would be a full-fledged delivery organization, which in collaboration with partners, will …

Volvo Car India announces expansion of Digital Technology Hub in Bangalore
3 years, 6 months ago

Volvo Car India announces expansion of Digital Technology Hub in Bangalore

India Today  

Bolstering its footprint in the country, Volvo Car India has announced an expansion of its Digital Technology Hub in Bangalore. The India-operations would be a full-fledged delivery organisation, which in collaboration with partners, will be an integral part of the digital deliveries, and support the overall vision and business objectives for Volvo Cars," Volvo Car India Digital Technology Hub Head …

Volvo to Launch New Electric Car in India Every Year, Have All-Electric Fleet Before 2030: Interview
3 years, 7 months ago

Volvo to Launch New Electric Car in India Every Year, Have All-Electric Fleet Before 2030: Interview

News 18  

It’s no secret that the future of automobiles, at least for this decade, is going to be electric cars. Volvo Car India recently showcased the upcoming XC40 Recharge which their first fully electric model and announced that it will be bringing the SUV to India later this year. Nevertheless, during the showcase of the XC40 Recharge, we got into a …

Volvo Car India: New Electric Car Every Year, EV Revolution in Premium Segment
3 years, 7 months ago

Volvo Car India: New Electric Car Every Year, EV Revolution in Premium Segment

News 18  

When it comes to safety standards in cars, there’s none quite as high as the ones that are followed by Volvo Cars. And the movement is already in full swing with almost every manufacturer having an electric vehicle on sale right now and several new electric vehicle technologies, platforms and models lined up for the future. As part of this, …

Volvo to make only electric vehicles by 2030
3 years, 9 months ago

Volvo to make only electric vehicles by 2030

The Hindu  

Volvo said it will make only electric vehicles by 2030. “There is no long-term future for cars with an internal combustion engine,” said Henrik Green, Volvo’s chief technology officer. Volvo also said that, while its all-electric vehicles will be sold exclusively online, dealerships will “remain a crucial part of the customer experience and will continue to be responsible for a …

Volvo Car India opens new dealership in Hyderabad
3 years, 10 months ago

Volvo Car India opens new dealership in Hyderabad

India Today  

Volvo Car India today opened a new dealership in Hyderabad. Inaugurated by Volvo Car India Managing Director Charles Frump, the dealership is being operated by Krishna Exclusive and has even commenced sales and service operations. Krishna Exclusive Pvt Ltd is owned by the same group that operates Volvo Car India's dealerships in Chandigarh and other parts of Punjab. Volvo Car …

Third-generation Volvo S60 India debut on November 27
4 years, 1 month ago

Third-generation Volvo S60 India debut on November 27

India Today  

Volvo has announced that it will reveal the India-spec S60 sedan on November 27, 2020. Following the official reveal, the new Volvo S60 is likely to go on sale in the Indian market either by end-2020 or early 2021. The styling of the Volvo S60 follows that of the rest of its range including the S90 sedan and SUVs like …

Volvo Unveils Tractor-Trailer Combination of Long Haul Trucks in India to Facilitate Cargo Operations
4 years, 4 months ago

Volvo Unveils Tractor-Trailer Combination of Long Haul Trucks in India to Facilitate Cargo Operations

News 18  

Volvo Trucks on Thursday announced the introduction of its tractor-trailer combination, specially curated for express cargo movement in India in partnership with logistics player Delhivery. Volvo and Delhivery had tested together to deploy Volvo FM 4×2 tractor-trailer long haul truck for express operations, allowing speedy delivery and cost efficiencies of services. "Our partnership with Volvo and the first deployment of …

Volvo SUVs Steer Growth for Swedish Brand, Records 14.2 Percent Sales Growth in July Globally
4 years, 4 months ago

Volvo SUVs Steer Growth for Swedish Brand, Records 14.2 Percent Sales Growth in July Globally

News 18  

Swedish luxury automaker Volvo Cars has announced that it witnessed a strong 14.2 percent growth in car sales at 62,291 units in the month of July compared to last year following positive growth in Europe, US, and China. However, in the first seven months, Volvo sold 332,253 cars, a decline of 16 percent compared with the same period last year. …

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