Volvo Expanding Automotive Assembly Plans in India

Volvo started strong this year with a noticeable increase in sales, mainly due to its debut of two new cars; the company already wants to raise those numbers higher. The new plant will be opened close to Bangalore, and build Volvo's newest luxury automobiles. Volvo has big plans for expansion in the coming years, and it says that this is just the first step. 

Volvo Cars will begin manufacturing the XC90 luxury SUV there, and plans to build more cars based on the SPA platform. The company is also in talks with its sister company Volvo Group to build a facility in Bangalore that will specialize in Volvo's heavy duty vehicles. Volvo is keeping the rest of its plans for India under wraps, but it obviously sees something in the growing nation; Volvo predicts that this expansion will increase its market share exponentially by 2020. 

Either way, Volvo says that it is committed to India's automotive market. This is a far cry from General Motors's approach, as it just pulled its cars from the Indian market. Does GM know something that Volvo doesn't, or vice versa? Unfortunately, we'll have to wait a few years to find out which company regrets its decision.