201215 May
The car price hike post-budget and rising interest rates have taken a heavy toll on passenger car sales in India.
201225 Apr
Swedish automobile power horse Volvo Car Corporation has signed a Memorandum of Understanding (MoU) with China Development Bank Corporation to expand its global focus and strengthen its R&D wing.
201216 Mar
Car prices are set to rise in India, after a 2 % hike in basic excise duty from the present 10% to the proposed 12 %. Additionally, excise duty on large cars will also increase from 22% presently to 24%.
However, the government has decided against imposing a ‘diesel tax’, a move which has brought some respite to car-makers in the country.
201205 Mar
Car sales in February have been better than expected, especially coming on the back of the depressed sentiment in the market in the last quarter of 2011. Most car-makers have reported better than expected sales, but are cautious before commenting on whether such momentum will be maintained in the coming months.
201215 Feb
Volvo Auto India has launched three new variants, one each of the S60 and S80 sedans, and the XC60 SUV, all powered by a new 5-cylinder turbocharged diesel engine, designated D3.
201115 Nov
Volvo Cars China and Shanghai International Automobile City Group, a local government supervision authority, have planned to showcase a demonstration program with a test fleet of two Volvo C30 Electric cars in the community of Jiading outside the city of Shanghai. The aim of the endeavor is to get an insight into customer behavior and expectations from operating electric cars.
201111 Nov
The sale of new cars in India went down by 24 % in October 2011 as compared to that of October 2010. It happens to be the most prominent fall in a span of over 10 years, revealed the Society of Indian Automobile Manufacturers (SIAM).
201120 Oct
The biggest motoring weekend ever for motor show lovers is scheduled to take place with ‘Motor Match’, the world’s maiden comparative motor show.
201118 Oct
In early 2011 Volvo Car Corporation had launched the V60 Plug-in Hybrid, a virtually production-ready car, that the company claims has CO2 emissions lower than 50 g/km (as per NEDC EU Combined certification driving cycle).
201103 Aug
Tomas Ernberg has taken over from Paul de Voijs at the helm of Volvo Auto India. Prior to his current assignment, Ernberg was based in Dubai as Regional Managing Director.
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