Volvo Cars

Summary

Volvo Car Corporation, Volvo Personvagnar AB, is a Swedish premium car maker. Base camp of the organization is located in VAK assembling in Gothenburg, and is claimed by Zhejiang Geely Holding Group of China.

Established in 1927, in Gothenburg, Sweden, Volvo Car Corporation was initially an subsidiary unit of the ball bearing creator SKF. Until 1999, Volvo was controlled by AB Volvo and was obtained by Ford Motor Company as a major part of its Premier Carmotive Group. In 2010, Geely Holding acquired the Swedish premium carmaker from Ford.

The Swedish premium carmaker creates and markets cars, smaller official cars, cars, sports utility vehicles and station wagons. United States, Sweden, China and Belgium are among the biggest markets for Volvo Cars. The organization is working diligentlyto build its shares in different nations including India and European countries. Volvo Cars in India are famous among business administrators and purchasers searching for chauffer driven cars.

Volvo Car India began working in India in 2008, and its first dealership was opened in Chandigarh in March 2008. The organization later on opened dealerships in different urban areas including Mumbai, New Delhi, Pune and others.

Executive Management

The key individual for the Swedish premium carmaker in India is Mr. Thomas Ernberg. He is the Managing Director for Volvo Car India and is in charge of all the organization's operation and decisions taking place in India.

Indian Operations

All Volvo cars in India are straightforwardly imported as CBU (Completely Built Unit) units in India. Volvo Busses India Private Limited has its production unit in Hoskote, Karnataka. However this unit is creating commercial vehicles in India. On the other hand, the organization is planning to bring CKD (Completely Knocked Down) units of its premium cars and assemble them in India.

Products & Services

Volvo Cars India at present owns 14 dealerships in India. The organization has outlets in significant urban areas including Hyderabad, Visakhapatnam, Chandigarh, New Delhi, Ahmedabad, Gurgaon, Bangalore, Kochi, Mumbai, Pune, Ludhiana, Chennai, Coimbatore and Kolkata.

Environmental Initiatives - Electric, Hybrid, CNG cars

The Swedish premium carmaker is yet to present any electric or hybrid car with alternative power train in the Indian car market. In 2005, Volvo brought forth the organization's first E85 flexi-fuel model in the Swedish market. Different cars with flexifuel motors are S40 and V50 and V70. At the 2007 Frankfurt Car Show, Volvo presented the ReCharge module mixture idea car with an all-electric coverage range of 97km. The organization later declared the Volvo V70 module crossover and XC90 module hybris. In addition, the Swedish creator also revealed the Volvo C30 DRIVe Electric idea car at the 2010 Paris Motor Show. The car runs on a lithium-ion battery, with a top velocity of 130kmph and has an electric scope of 150km.

Founder & First car

Volvo Car Corporation, or Volvo Personvagnar AB, is a Swedish premium car manufacturer, established in 1927 in Gothenburg, Sweden. Completely owned by Zhejiang Geely Holding Group, Volvo was initially formed as an auxiliary unit of the ball bearing maker SKF. At the point when Volvo AB was declared on the Swedish Stock trade in 1935, SKF sold a large portion of its shares. In 1999, Volvo Cars was overtaken by the AB Volvo, and was then acquired by the Ford Motor Company as part of its Premier Carmotive Group. Geely Holding Group then acquired whole Volvo stakes from Ford in 2010. The name Volvo is Latin word for "I roll". The Volvo logo is fundamentally an old science symbol representing iron. This sign is utilized to demonstrate the quality of iron utilized as a part of the car as Sweden is known for its quality iron. Volvo OV 4 was the first car fabricated by Volvo. The OV 4 stands for Oppen Vagn 4 Cylindrar in Swedish, which means Open Carriage 4 Cylinders.

USP

Volvo car models are known for offering fabulous luxury, protection and excellent performance to its buyers. Volvo cars are best known for their safety elements, and organization accepts that the security will be its main USP. Volvo cars in India are famous among business administrators and chauffer driven people. The organization has also worked upon a few engine technologies; the new engine series for the new type of Volvos will offer better performance and efficiency. More fuel efficienct Volvo cars will touch base in India in near future.

Resale Value

The resale value of Volvo cars in India is really average; nonetheless, the resale price of Mercedes, BMW and Audi cars falls on higher side. Most Volvo car models are launched in India as CBU (Completely Built Unit) Units, which makes them inexpensive.

Competition

Volvo Cars is a Swedish premium carmaker which is currently going up against Audi, Mercedes-Benz, BMW and Jaguar in Indian market.